Registered number: 04607440 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Carlisle | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
333,472 | 354,741 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (46,704) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 355,606 | 428,231 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 121,214 | 168,379 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
No depreciation is provided on freehold land. | ||||||||
Property improvements | straight line5% | |||||||
Plant And Machinery | reducing balance25% | |||||||
Fixtures And Fittings | reducing balance15% | |||||||
Motor Vehicles | reducing 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 | ||||||||
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 | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/03/2023 | 220,000 | 220,000 | ||
At 28/02/2024 | 220,000 | 220,000 | ||
Depreciation | ||||
At 01/03/2023 | 219,999 | 219,999 | ||
At 28/02/2024 | 219,999 | 219,999 | ||
Net Book Amounts | ||||
At 28/02/2024 | 1 | 1 | ||
At 28/02/2023 | 1 | 1 | ||
3. TANGIBLE FIXED ASSETS | ||||||||||||
Land And | Property | Plant and | Fixtures, Fittings | |||||||||
Buildings | Improvements | Machinery | and Equipment | Motor Vehicles | Total | |||||||
£ | £ | £ | £ | £ | £ | |||||||
Cost | ||||||||||||
At 01/03/2023 | 41,000 | 132,867 | 148,883 | 131,000 | 1,459,005 | 1,912,755 | ||||||
Additions | - | 28,138 | - | - | 147,096 | 175,234 | ||||||
Disposals | - | - | - | - | (175,060) | (175,060) | ||||||
At 28/02/2024 | 41,000 | 161,005 | 148,883 | 131,000 | 1,431,041 | 1,912,929 | ||||||
Depreciation | ||||||||||||
At 01/03/2023 | - | 63,535 | 85,586 | 93,748 | 901,427 | 1,144,296 | ||||||
Disposals | - | - | - | - | (154,862) | (154,862) | ||||||
For the year | - | 6,643 | 15,824 | 5,588 | 146,603 | 174,658 | ||||||
At 28/02/2024 | - | 70,178 | 101,410 | 99,336 | 893,168 | 1,164,092 | ||||||
Net Book Amounts | ||||||||||||
At 28/02/2024 | 41,000 | 90,827 | 47,473 | 31,664 | 537,873 | 748,837 | ||||||
At 28/02/2023 | 41,000 | 69,332 | 63,297 | 37,252 | 557,578 | 768,459 | ||||||
E & N Farrer Limited | ||||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 251,201 | 267,340 | ||||||
Prepayments | 10,045 | 11,305 | ||||||
261,246 | 278,645 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 25,255 | 29,822 | ||||||
VAT | 34,133 | 46,202 | ||||||
Other tax and social security creditors | 5,564 | 4,802 | ||||||
Directors current account | 16,299 | 9,940 | ||||||
Bank loans | 66,730 | 25,630 | ||||||
Hire purchase | 163,727 | 157,970 | ||||||
Trade creditors | 135,284 | 122,898 | ||||||
Accruals | 4,144 | 4,181 | ||||||
451,136 | 401,445 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | 64,877 | 92,087 | ||||||
Hire purchase >1yr | 240,729 | 286,144 | ||||||
Other creditors > 1yr | 50,000 | 50,000 | ||||||
355,606 | 428,231 | |||||||
E & N Farrer Limited | ||||||||
7. SECURED CREDITORS | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | 131,607 | 117,717 | ||||||
Amount of other creditors which are secured | 404,456 | 444,114 | ||||||
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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 13 | |||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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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. |