IRIS Accounts Productionv24.1.0.57801256587Board of Directors1.4.2331.3.2431.3.24falsetruefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012565872023-03-31012565872024-03-31012565872023-04-012024-03-31012565872022-05-31012565872022-06-012023-03-31012565872023-03-3101256587ns15:EnglandWales2023-04-012024-03-3101256587ns14:PoundSterling2023-04-012024-03-3101256587ns10:Director12023-04-012024-03-3101256587ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101256587ns10:SmallEntities2023-04-012024-03-3101256587ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101256587ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101256587ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101256587ns10:FullAccounts2023-04-012024-03-3101256587ns10:OrdinaryShareClass12023-04-012024-03-3101256587ns10:Director22023-04-012024-03-3101256587ns10:Director32023-04-012024-03-3101256587ns10:Director42023-04-012024-03-3101256587ns10:RegisteredOffice2023-04-012024-03-3101256587ns5:CurrentFinancialInstruments2024-03-3101256587ns5:CurrentFinancialInstruments2023-03-3101256587ns5:Non-currentFinancialInstruments2024-03-3101256587ns5:Non-currentFinancialInstruments2023-03-3101256587ns5:ShareCapital2024-03-3101256587ns5:ShareCapital2023-03-3101256587ns5:CapitalRedemptionReserve2024-03-3101256587ns5:CapitalRedemptionReserve2023-03-3101256587ns5:RetainedEarningsAccumulatedLosses2024-03-3101256587ns5:RetainedEarningsAccumulatedLosses2023-03-3101256587ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3101256587ns5:PlantMachinery2023-04-012024-03-3101256587ns5:FurnitureFittings2023-04-012024-03-3101256587ns5:MotorVehicles2023-04-012024-03-3101256587ns5:ComputerEquipment2023-04-012024-03-3101256587ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3101256587ns5:PlantMachinery2023-03-3101256587ns5:FurnitureFittings2023-03-3101256587ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3101256587ns5:PlantMachinery2024-03-3101256587ns5:FurnitureFittings2024-03-3101256587ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3101256587ns5:PlantMachinery2023-03-3101256587ns5:FurnitureFittings2023-03-3101256587ns5:MotorVehicles2023-03-3101256587ns5:ComputerEquipment2023-03-3101256587ns5:MotorVehicles2024-03-3101256587ns5:ComputerEquipment2024-03-3101256587ns5:MotorVehicles2023-03-3101256587ns5:ComputerEquipment2023-03-3101256587ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3101256587ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3101256587ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3101256587ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3101256587ns5:CostValuation2023-03-3101256587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101256587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101256587ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3101256587ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3101256587ns5:TaxLossesCarry-forwardsDeferredTax2024-03-3101256587ns5:TaxLossesCarry-forwardsDeferredTax2023-03-3101256587ns5:DeferredTaxation2023-03-3101256587ns5:DeferredTaxation2023-04-012024-03-3101256587ns5:DeferredTaxation2024-03-3101256587ns10:OrdinaryShareClass12024-03-3101256587ns5:RetainedEarningsAccumulatedLosses2023-03-3101256587ns5:CapitalRedemptionReserve2023-03-3101256587ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31

REGISTERED NUMBER: 01256587 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR


FIELDEN FACTORS (BUILDERS MERCHANTS)
LIMITED


FIELDEN FACTORS (BUILDERS MERCHANTS)

LIMITED (REGISTERED NUMBER: 01256587)







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 (BUILDERS MERCHANTS)

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, Salford Way


Off Rochdale Road


Todmorden


Lancashire


OL14 7LF





REGISTERED NUMBER:

01256587 (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 (BUILDERS MERCHANTS)

LIMITED (REGISTERED NUMBER: 01256587)


BALANCE SHEET

31ST MARCH 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

379,180


520,194



Investments

5

1,100


1,100



380,280


521,294




CURRENT ASSETS

Stocks

537,927


552,383



Debtors

6

1,130,385


1,276,702



Cash at bank and in hand

123,604


183,130



1,791,916


2,012,215



CREDITORS

Amounts falling due within one year

7

406,660


500,401



NET CURRENT ASSETS

1,385,256


1,511,814



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,765,536


2,033,108




CREDITORS

Amounts falling due after more than

one year

8

(92,709

)

(155,209

)



PROVISIONS FOR LIABILITIES

10

(57,434

)

(33,747

)


NET ASSETS

1,615,393


1,844,152




CAPITAL AND RESERVES

Called up share capital

11

78


78



Capital redemption reserve

12

22


22



Retained earnings

12

1,615,293


1,844,052



SHAREHOLDERS' FUNDS

1,615,393


1,844,152




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 (BUILDERS MERCHANTS)

LIMITED (REGISTERED NUMBER: 01256587)


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 (BUILDERS MERCHANTS)

LIMITED (REGISTERED NUMBER: 01256587)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024


1.

STATUTORY INFORMATION



Fielden Factors (Builders Merchants) 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.    



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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.  


Long leasehold

-

over 50 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 (BUILDERS MERCHANTS)

LIMITED (REGISTERED NUMBER: 01256587)


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 17 (2023 - 16 ) .


4.

TANGIBLE FIXED ASSETS


Fixtures


Long


Plant and


and


leasehold


machinery


fittings

£   

£   

£   



COST


At 1st April 2023

118,835


127,020


-




Additions

-


2,922


-




Disposals

(97,635

)

(13,000

)

-




Reclassification/transfer

(21,200

)

11,699


9,501




At 31st March 2024

-


128,641


9,501




DEPRECIATION


At 1st April 2023

57,434


48,239


-




Charge for year

-


12,713


948




Eliminated on disposal

(55,989

)

(8,230

)

-




Reclassification/transfer

(1,445

)

407


1,038




At 31st March 2024

-


53,129


1,986




NET BOOK VALUE


At 31st March 2024

-


75,512


7,515




At 31st March 2023

61,401


78,781


-




FIELDEN FACTORS (BUILDERS MERCHANTS)

LIMITED (REGISTERED NUMBER: 01256587)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024


4.

TANGIBLE FIXED ASSETS - continued



Motor


Computer



vehicles


equipment


Totals

£   

£   

£   



COST


At 1st April 2023

449,964


13,290


709,109




Additions

-


1,322


4,244




Disposals

(24,950

)

-


(135,585

)



Reclassification/transfer

-


-


-




At 31st March 2024

425,014


14,612


577,768




DEPRECIATION


At 1st April 2023

71,502


11,740


188,915




Charge for year

84,732


448


98,841




Eliminated on disposal

(24,949

)

-


(89,168

)



Reclassification/transfer

-


-


-




At 31st March 2024

131,285


12,188


198,588




NET BOOK VALUE


At 31st March 2024

293,729


2,424


379,180




At 31st March 2023

378,462


1,550


520,194





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


Motor


vehicles

£   



COST


At 1st April 2023


and 31st March 2024

397,990




DEPRECIATION


At 1st April 2023

42,673




Charge for year

79,596




At 31st March 2024

122,269




NET BOOK VALUE


At 31st March 2024

275,721




At 31st March 2023

355,317




5.

FIXED ASSET INVESTMENTS


Other


investment

£   



COST


At 1st April 2023


and 31st March 2024

1,100




NET BOOK VALUE


At 31st March 2024

1,100




At 31st March 2023

1,100




FIELDEN FACTORS (BUILDERS MERCHANTS)

LIMITED (REGISTERED NUMBER: 01256587)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade debtors

337,882


371,490




Amounts owed by group undertakings

780,422


867,966




VAT

-


17,487




Prepayments and accrued income

12,081


19,759



1,130,385


1,276,702




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Hire purchase contracts

62,500


62,500




Trade creditors

120,116


167,407




Social security and other taxes

8,741


5,689




VAT

32,435


-




Directors remuneration unpaid

27,300


27,300




Accrued expenses

155,568


237,505



406,660


500,401




8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2024

2023


£   

£   



Hire purchase contracts

92,709


155,209




9.

SECURED DEBTS



The following secured debts are included within creditors:


2024

2023


£   

£   



Hire purchase contracts

155,209


217,709




10.

PROVISIONS FOR LIABILITIES

2024

2023


£   

£   



Deferred tax


Accelerated capital allowances

94,795


119,637




Tax losses carried forward

(37,361

)

(85,890

)


57,434


33,747





Deferred



tax


£   



Balance at 1st April 2023

33,747




Provided during year

23,687




Balance at 31st March 2024

57,434




FIELDEN FACTORS (BUILDERS MERCHANTS)

LIMITED (REGISTERED NUMBER: 01256587)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024


11.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



78

Ordinary

£1

78


78




12.

RESERVES


Capital



Retained


redemption



earnings


reserve


Totals

£   

£   

£   




At 1st April 2023

1,844,052


22


1,844,074




Deficit for the year

(228,759

)

(228,759

)



At 31st March 2024

1,615,293


22


1,615,315




13.

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.


14.

RELATED PARTY DISCLOSURES



The property occupied by the company is owned by a group undertaking. Rent of £80,292 has been charged during the year (2023 - £nil).