04607440falsethe provision of haulage services and the supply of gravel2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:CompanySecretary12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-28http://www.companieshouse.gov.uk/cd:Director22023-03-012024-02-28http://www.companieshouse.gov.uk/cd:Director32023-03-012024-02-28http://www.companieshouse.gov.uk/cd:Director42023-03-012024-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-28http://www.companieshouse.gov.uk/pt:NetGoodwill2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-28http://www.companieshouse.gov.uk/2024-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04607440

E & N Farrer Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

E & N Farrer Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
Mr J P Farrer
Mr D A Farrer
Mr S E J Farrer
Mr T W Farrer
SECRETARY
D A Farrer
REGISTERED OFFICE
Hangar 115
Carlisle Airport
Crosby on Eden
Carlisle
CA6 4NW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04607440
BANKERS
Handelsbanken
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

E & N Farrer Limited

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

E & N Farrer Limited

BALANCE SHEET AT 28/02/2024
20242023
Notes££
FIXED ASSETS
Intangible assets211
Tangible assets3748,837768,459
748,838768,460
CURRENT ASSETS
Stock25,81424,324
Debtors4261,246278,645
Cash at bank and in hand46,41251,772
333,472354,741
CREDITORS: Amounts falling due within one year5451,136401,445
NET CURRENT LIABILITIES(117,664)(46,704)
TOTAL ASSETS LESS CURRENT LIABILITIES631,174721,756
CREDITORS: Amounts falling due after more than one year6355,606428,231
PROVISIONS FOR LIABILITIES AND CHARGES154,252125,044
NET ASSETS121,316168,481
CAPITAL AND RESERVES
Called up share capital102102
Profit and loss account121,214168,379
SHAREHOLDERS' FUNDS121,316168,481
For the year ending 28/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/07/2024 and signed on their behalf by
.............................
Mr J P Farrer
Director

E & N Farrer Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the disclsoure and presentation requirements of Section 1A, applicable to small companies.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
No depreciation is provided on freehold land.
Property improvementsstraight line5%
Plant And Machineryreducing balance25%
Fixtures And Fittingsreducing balance15%
Motor Vehiclesreducing balance25%
1c. Stocks
Stock is valued at the lower of cost and estimated selling price less selling costs. Cost is based on a weighted average purchase price.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates. Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Invoices are raised upon the provision of goods and services.
1f. Goodwill
Goodwill is capitalised and is being amortised over its useful economic life of 20 years.
1g. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they are payable.

E & N Farrer Limited

1h. Leases
Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The related obligations, net of finance charges, are included in creditors. The interest element of payments is charged to the profit and loss account over the period of the agreement.
All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. INTANGIBLE FIXED ASSETS
GoodwillTotal
££
Cost
At 01/03/2023220,000220,000
At 28/02/2024220,000220,000
Depreciation
At 01/03/2023219,999219,999
At 28/02/2024219,999219,999
Net Book Amounts
At 28/02/202411
At 28/02/202311
3. TANGIBLE FIXED ASSETS
Land AndPropertyPlant andFixtures, Fittings
BuildingsImprovementsMachineryand EquipmentMotor VehiclesTotal
££££££
Cost
At 01/03/202341,000132,867148,883131,0001,459,0051,912,755
Additions-28,138--147,096175,234
Disposals----(175,060)(175,060)
At 28/02/202441,000161,005148,883131,0001,431,0411,912,929
Depreciation
At 01/03/2023-63,53585,58693,748901,4271,144,296
Disposals----(154,862)(154,862)
For the year-6,64315,8245,588146,603174,658
At 28/02/2024-70,178101,41099,336893,1681,164,092
Net Book Amounts
At 28/02/202441,00090,82747,47331,664537,873748,837
At 28/02/202341,00069,33263,29737,252557,578768,459

E & N Farrer Limited

4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors251,201267,340
Prepayments10,04511,305
261,246278,645
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax25,25529,822
VAT34,13346,202
Other tax and social security creditors5,5644,802
Directors current account16,2999,940
Bank loans66,73025,630
Hire purchase163,727157,970
Trade creditors135,284122,898
Accruals4,1444,181
451,136401,445
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr64,87792,087
Hire purchase >1yr240,729286,144
Other creditors > 1yr50,00050,000
355,606428,231

E & N Farrer Limited

7. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured131,607117,717
Amount of other creditors which are secured404,456444,114
The bank loans are secured by a fixed and floating charge over the company's assets.The hire purchases creditors are secured on the assets to which they relate.
8. EMPLOYEES
20242023
No.No.
Average number of employees1213
9. RELATED PARTY TRANSACTIONS
During the year total dividends of £59,790 (2023 - £53,000) were paid to the directors.
During the year total remuneration of £19,084 (2023 - £19,084) was paid to two of the directors.
At the balance sheet date total loans of £16,299 were owed to the directors by the company (2023 - £9,940). The loans are interest free, unsecured and repayable on demand.
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 04607440.
The company's registered office is Hangar 115 Carlisle Airport, Crosby on Eden, Carlisle, Cumbria CA6 4NW.