IRIS Accounts Productionv24.1.0.57802026124Board of Directors1.4.2331.3.2431.3.24falsetruefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020261242023-03-31020261242024-03-31020261242023-04-012024-03-31020261242022-05-31020261242022-06-012023-03-31020261242023-03-3102026124ns15:EnglandWales2023-04-012024-03-3102026124ns14:PoundSterling2023-04-012024-03-3102026124ns10:Director12023-04-012024-03-3102026124ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102026124ns10:SmallEntities2023-04-012024-03-3102026124ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102026124ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102026124ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102026124ns10:FullAccounts2023-04-012024-03-3102026124ns10:OrdinaryShareClass12023-04-012024-03-3102026124ns10:Director22023-04-012024-03-3102026124ns10:Director32023-04-012024-03-3102026124ns10:Director42023-04-012024-03-3102026124ns10:Director52023-04-012024-03-3102026124ns10:RegisteredOffice2023-04-012024-03-3102026124ns5:CurrentFinancialInstruments2024-03-3102026124ns5:CurrentFinancialInstruments2023-03-3102026124ns5:Non-currentFinancialInstruments2024-03-3102026124ns5:Non-currentFinancialInstruments2023-03-3102026124ns5:ShareCapital2024-03-3102026124ns5:ShareCapital2023-03-3102026124ns5:CapitalRedemptionReserve2024-03-3102026124ns5:CapitalRedemptionReserve2023-03-3102026124ns5:RetainedEarningsAccumulatedLosses2024-03-3102026124ns5:RetainedEarningsAccumulatedLosses2023-03-3102026124ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3102026124ns5:PlantMachinery2023-04-012024-03-3102026124ns5:MotorVehicles2023-04-012024-03-3102026124ns5:ComputerEquipment2023-04-012024-03-3102026124ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3102026124ns5:PlantMachinery2023-03-3102026124ns5:MotorVehicles2023-03-3102026124ns5:ComputerEquipment2023-03-3102026124ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3102026124ns5:PlantMachinery2024-03-3102026124ns5:MotorVehicles2024-03-3102026124ns5:ComputerEquipment2024-03-3102026124ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3102026124ns5:PlantMachinery2023-03-3102026124ns5:MotorVehicles2023-03-3102026124ns5:ComputerEquipment2023-03-3102026124ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3102026124ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3102026124ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3102026124ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3102026124ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102026124ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102026124ns5:DeferredTaxation2023-03-3102026124ns5:DeferredTaxation2023-04-012024-03-3102026124ns5:DeferredTaxation2024-03-3102026124ns10:OrdinaryShareClass12024-03-3102026124ns5:RetainedEarningsAccumulatedLosses2023-03-3102026124ns5:CapitalRedemptionReserve2023-03-3102026124ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31

REGISTERED NUMBER: 02026124 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR


FIELDEN FACTORS (BUILDING SUPPLIES)
LIMITED


FIELDEN FACTORS (BUILDING SUPPLIES)

LIMITED (REGISTERED NUMBER: 02026124)







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 (BUILDING SUPPLIES)

LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2024









DIRECTORS:

R Stansfield


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:

02026124 (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 (BUILDING SUPPLIES)

LIMITED (REGISTERED NUMBER: 02026124)


BALANCE SHEET

31ST MARCH 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

294,916


574,869




CURRENT ASSETS

Stocks

468,098


474,759



Debtors

5

474,905


426,555



Cash at bank and in hand

112,998


80,669



1,056,001


981,983



CREDITORS

Amounts falling due within one year

6

369,921


553,265



NET CURRENT ASSETS

686,080


428,718



TOTAL ASSETS LESS CURRENT

LIABILITIES

980,996


1,003,587




CREDITORS

Amounts falling due after more than

one year

7

(52,500

)

(97,500

)



PROVISIONS FOR LIABILITIES

9

(57,996

)

(79,473

)


NET ASSETS

870,500


826,614




CAPITAL AND RESERVES

Called up share capital

10

78


78



Capital redemption reserve

11

22


22



Retained earnings

11

870,400


826,514



SHAREHOLDERS' FUNDS

870,500


826,614




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 (BUILDING SUPPLIES)

LIMITED (REGISTERED NUMBER: 02026124)


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 (BUILDING SUPPLIES)

LIMITED (REGISTERED NUMBER: 02026124)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024


1.

STATUTORY INFORMATION



Fielden Factors (Building Supplies) 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 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


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 (BUILDING SUPPLIES)

LIMITED (REGISTERED NUMBER: 02026124)


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


Long


Plant and


Motor


Computer



leasehold


machinery


vehicles


equipment


Totals

£   

£   

£   

£   

£   



COST


At 1st April 2023

523,193


93,106


319,132


13,483


948,914




Additions

-


1,035


47,398


2,518


50,951




Disposals

(512,143

)

-


(38,155

)

-


(550,298

)



Reclassification/transfer

(11,050

)

11,050


-


-


-




At 31st March 2024

-


105,191


328,375


16,001


449,567




DEPRECIATION


At 1st April 2023

252,880


17,009


98,807


5,349


374,045




Charge for year

-


10,449


57,474


2,966


70,889




Eliminated on disposal

(252,129

)

-


(38,154

)

-


(290,283

)



Reclassification/transfer

(751

)

751


-


-


-




At 31st March 2024

-


28,209


118,127


8,315


154,651




NET BOOK VALUE


At 31st March 2024

-


76,982


210,248


7,686


294,916




At 31st March 2023

270,313


76,097


220,325


8,134


574,869




FIELDEN FACTORS (BUILDING SUPPLIES)

LIMITED (REGISTERED NUMBER: 02026124)


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:


Motor


vehicles

£   



COST


At 1st April 2023


and 31st March 2024

237,990




DEPRECIATION


At 1st April 2023

40,583




Charge for year

47,604




At 31st March 2024

88,187




NET BOOK VALUE


At 31st March 2024

149,803




At 31st March 2023

197,407




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade debtors

303,798


413,013




Amounts owed by group undertakings

156,170


-




Prepayments and accrued income

14,937


13,542



474,905


426,555




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Hire purchase contracts

45,000


45,000




Trade creditors

107,291


158,163




Tax

1,583


7,765




Social security and other taxes

11,430


4,424




VAT

39,569


29,989




Directors remuneration unpaid

36,400


36,400




Amounts owed to group undertakings

-


57,873




Accrued expenses

128,648


213,651



369,921


553,265




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2024

2023


£   

£   



Hire purchase contracts

52,500


97,500




8.

SECURED DEBTS



The following secured debts are included within creditors:


2024

2023


£   

£   



Hire purchase contracts

97,500


142,500




FIELDEN FACTORS (BUILDING SUPPLIES)

LIMITED (REGISTERED NUMBER: 02026124)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024


9.

PROVISIONS FOR LIABILITIES

2024

2023


£   

£   



Deferred tax

57,996


79,473





Deferred



tax


£   



Balance at 1st April 2023

79,473




Provided during year

(21,477

)



Balance at 31st March 2024

57,996




10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



78

Ordinary

£1

78


78




11.

RESERVES


Capital



Retained


redemption



earnings


reserve


Totals

£   

£   

£   




At 1st April 2023

826,514


22


826,536




Profit for the year

43,886


43,886




At 31st March 2024

870,400


22


870,422




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



The property occupied by the company is owned by a group undertaking. Rent of £67,250 has been charged during the year (2023 - £nil).