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REGISTERED NUMBER: 01899223 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

FARNDELL BUILDERS (SUSSEX) LIMITED

FARNDELL BUILDERS (SUSSEX) LIMITED (REGISTERED NUMBER: 01899223)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARNDELL BUILDERS (SUSSEX) LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs E M Farndell
T J Farndell
L Farndell
M Farndell





REGISTERED OFFICE: High Trees
36 Long Copse Lane
Emsworth
West Sussex
PO10 7UR





REGISTERED NUMBER: 01899223 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

FARNDELL BUILDERS (SUSSEX) LIMITED (REGISTERED NUMBER: 01899223)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,877 18,663

CURRENT ASSETS
Stocks 339,457 541,739
Debtors 5 18,472 57,536
Cash in hand 9,000 (15,800 )
366,929 583,475
CREDITORS
Amounts falling due within one year 6 344,629 572,688
NET CURRENT ASSETS 22,300 10,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,177

29,450

CAPITAL AND RESERVES
Called up share capital 7 999 999
Retained earnings 8 36,178 28,451
SHAREHOLDERS' FUNDS 37,177 29,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FARNDELL BUILDERS (SUSSEX) LIMITED (REGISTERED NUMBER: 01899223)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2023 and were signed on its behalf by:




T J Farndell - Director



Mrs E M Farndell - Director


FARNDELL BUILDERS (SUSSEX) LIMITED (REGISTERED NUMBER: 01899223)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Farndell Builders (Sussex) limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 6,898 17,038 40,012 63,948
DEPRECIATION
At 1 April 2022 6,898 16,274 22,113 45,285
Charge for year - 206 3,580 3,786
At 31 March 2023 6,898 16,480 25,693 49,071
NET BOOK VALUE
At 31 March 2023 - 558 14,319 14,877
At 31 March 2022 - 764 17,899 18,663

FARNDELL BUILDERS (SUSSEX) LIMITED (REGISTERED NUMBER: 01899223)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 17,172 56,936
Other debtors 1,300 600
18,472 57,536

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 40,423 42,964
Trade creditors 28,349 41,240
Taxation and social security 14,859 16,463
Other creditors 260,998 472,021
344,629 572,688

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
999 Ordinary £1 999 999

8. RESERVES
Retained
earnings
£   

At 1 April 2022 28,451
Profit for the year 7,727
At 31 March 2023 36,178