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REGISTERED NUMBER: 01149631 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR


FIELDEN FACTORS (KITCHENS) LIMITED


FIELDEN FACTORS (KITCHENS) LIMITED (REGISTERED NUMBER: 01149631)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




FIELDEN FACTORS (KITCHENS) LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2024









DIRECTORS:

Mrs J Whitehead


T J Whitehead


Mrs A E Halstead


P J C May





REGISTERED OFFICE:

Salford Works


Off Rochdale Road


Todmorden


Lancashire


OL14 7LF





REGISTERED NUMBER:

01149631 (England and Wales)





ACCOUNTANTS:

Cresswells


12 Market Street


Hebden Bridge


West Yorkshire


HX7 6AD





BANKERS:

Lloyds TSB Commercial


Service Centre


8th Floor


6/7 Park Row


Leeds


LS1 1NX


FIELDEN FACTORS (KITCHENS) LIMITED (REGISTERED NUMBER: 01149631)


BALANCE SHEET

31ST MARCH 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

667,963


922,961




CURRENT ASSETS

Stocks

644,960


660,322



Debtors

5

749,965


925,792



Cash at bank and in hand

200,916


393,241



1,595,841


1,979,355



CREDITORS

Amounts falling due within one year

6

653,561


1,311,630



NET CURRENT ASSETS

942,280


667,725



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,610,243


1,590,686




CREDITORS

Amounts falling due after more than

one year

7

(167,400

)

(47,125

)



PROVISIONS FOR LIABILITIES

9

(26,326

)

(91,967

)


NET ASSETS

1,416,517


1,451,594




CAPITAL AND RESERVES

Called up share capital

10

84


84



Capital redemption reserve

11

16


16



Fair value reserve

11

1,403


1,403



Retained earnings

11

1,415,014


1,450,091



SHAREHOLDERS' FUNDS

1,416,517


1,451,594




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.


FIELDEN FACTORS (KITCHENS) LIMITED (REGISTERED NUMBER: 01149631)


BALANCE SHEET - continued

31ST MARCH 2024



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 9th August 2024 and were signed on its behalf by:






T J Whitehead - Director



FIELDEN FACTORS (KITCHENS) LIMITED (REGISTERED NUMBER: 01149631)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024


1.

STATUTORY INFORMATION



Fielden Factors (Kitchens) 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.


The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.    



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 or, if held under a finance lease, over the lease term, whichever is the shorter.  


Freehold property

-

over 50 years


Improvements to property

-

over 10 years


Plant and machinery

-

over 10 years


Fixtures and fittings

-

over 10 years


Motor vehicles

-  

over 4 years and over 5 years


Computer equipment

-

over 5 years



Stocks

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


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.


FIELDEN FACTORS (KITCHENS) LIMITED (REGISTERED NUMBER: 01149631)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024


2.

ACCOUNTING POLICIES - continued



Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


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 18 (2023 - 17 ) .


4.

TANGIBLE FIXED ASSETS


Improvements



Freehold


to


Plant and


property


property


machinery

£   

£   

£   



COST OR VALUATION


At 1st April 2023

843,197


-


183,027




Additions

-


56,845


76,707




Disposals

(834,582

)

-


(13,000

)



Reclassification/transfer

(8,615

)

-


8,615




At 31st March 2024

-


56,845


255,349




DEPRECIATION


At 1st April 2023

296,892


-


46,108




Charge for year

-


3,962


23,114




Eliminated on disposal

(296,236

)

-


(8,013

)



Reclassification/transfer

(656

)

-


656




At 31st March 2024

-


3,962


61,865




NET BOOK VALUE


At 31st March 2024

-


52,883


193,484




At 31st March 2023

546,305


-


136,919




FIELDEN FACTORS (KITCHENS) LIMITED (REGISTERED NUMBER: 01149631)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024


4.

TANGIBLE FIXED ASSETS - continued



Fixtures



and


Motor


Computer



fittings


vehicles


equipment


Totals

£   

£   

£   

£   



COST OR VALUATION


At 1st April 2023

48,620


378,812


15,772


1,469,428




Additions

11,498


256,216


4,991


406,257




Disposals

-


(95,850

)

-


(943,432

)



Reclassification/transfer

-


-


-


-




At 31st March 2024

60,118


539,178


20,763


932,253




DEPRECIATION


At 1st April 2023

15,829


176,236


11,402


546,467




Charge for year

5,356


83,818


1,671


117,921




Eliminated on disposal

-


(95,849

)

-


(400,098

)



Reclassification/transfer

-


-


-


-




At 31st March 2024

21,185


164,205


13,073


264,290




NET BOOK VALUE


At 31st March 2024

38,933


374,973


7,690


667,963




At 31st March 2023

32,791


202,576


4,370


922,961





Cost or valuation at 31st March 2024 is represented by:



Improvements


Fixtures


to


Plant and


and


property


machinery


fittings

£   

£   

£   




Cost

56,845


255,349


60,118



56,845


255,349


60,118





Motor


Computer



vehicles


equipment


Totals

£   

£   

£   



Valuation in 2023

1,870


-


1,870




Cost

537,308


20,763


930,383



539,178


20,763


932,253




FIELDEN FACTORS (KITCHENS) LIMITED (REGISTERED NUMBER: 01149631)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024


4.

TANGIBLE FIXED ASSETS - continued



Fixed assets, included in the above, which are held under hire purchase contracts are as follows:


Plant and


Motor



machinery


vehicles


Totals

£   

£   

£   



COST OR VALUATION


At 1st April 2023

7,500


204,588


212,088




Additions

36,300


217,739


254,039




At 31st March 2024

43,800


422,327


466,127




DEPRECIATION


At 1st April 2023

63


73,716


73,779




Charge for year

2,820


62,481


65,301




At 31st March 2024

2,883


136,197


139,080




NET BOOK VALUE


At 31st March 2024

40,917


286,130


327,047




At 31st March 2023

7,437


130,872


138,309




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade debtors

442,678


502,889




VAT

-


23,347




Prepayments and accrued income

307,287


399,556



749,965


925,792




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Hire purchase contracts

64,116


25,303




Trade creditors

200,779


219,577




Social security and other taxes

33,338


54,275




VAT

837


-




Other creditors

-


187




Directors remuneration unpaid

31,300


188,100




Amounts owed to group undertakings

172,160


676,876




Directors' current accounts

302


182




Accrued expenses

150,729


147,130



653,561


1,311,630




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2024

2023


£   

£   



Hire purchase contracts

167,400


47,125




FIELDEN FACTORS (KITCHENS) LIMITED (REGISTERED NUMBER: 01149631)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024


8.

SECURED DEBTS



The following secured debts are included within creditors:


2024

2023


£   

£   



Hire purchase contracts

231,516


72,428




9.

PROVISIONS FOR LIABILITIES

2024

2023


£   

£   



Deferred tax


Accelerated capital allowances

165,217


125,199




Tax losses carried forward

(138,891

)

(33,232

)


26,326


91,967





Deferred



tax


£   



Balance at 1st April 2023

91,967




Provided during year

(65,641

)



Balance at 31st March 2024

26,326




10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



84

Ordinary

£1

84


84




11.

RESERVES


Capital


Fair



Retained


redemption


value



earnings


reserve


reserve


Totals

£   

£   

£   

£   




At 1st April 2023

1,450,091


16


1,403


1,451,510




Deficit for the year

(35,077

)

(35,077

)



At 31st March 2024

1,415,014


16


1,403


1,416,433




12.

CONTINGENT LIABILITIES



The company's bankers hold a letter of set-off between the company and other group undertakings.



The company's bankers also hold an unlimited guarantee from a group undertaking for facilities granted to the company.


13.

RELATED PARTY DISCLOSURES



Part of the company's freehold land and buildings are occupied by a group undertaking. Rent of £51,680 has been charged during the year (2023 - £nil).