03258729falselight engineering2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-12-31http://www.companieshouse.gov.uk/cd:Director32023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03258729

Fairway Engineering (Bristol) Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
King & Partners
Accountants
52A
High Street
Bristol
BS9 3DZ

Fairway Engineering (Bristol) Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
A Roper
B W Shanks
Angela Roper
REGISTERED OFFICE
52A High Street
Westbury on Trym
Bristol
BS9 3DZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03258729
ACCOUNTANTS
King & Partners
Accountants
52A
High Street
Bristol
BS9 3DZ

Fairway Engineering (Bristol) Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' 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-

Fairway Engineering (Bristol) Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3317,518344,849
CURRENT ASSETS
Stock18,25021,500
Debtors5488,278796,221
Cash at bank and in hand458,024270,723
964,5521,088,444
CREDITORS: Amounts falling due within one year6360,831536,136
NET CURRENT ASSETS603,721552,308
TOTAL ASSETS LESS CURRENT LIABILITIES921,239897,157
CREDITORS: Amounts falling due after more than one year779,167147,717
PROVISIONS FOR LIABILITIES AND CHARGES872,92863,565
NET ASSETS769,144685,875
CAPITAL AND RESERVES
Called up share capital91,2001,200
Profit and loss account767,944684,675
SHAREHOLDERS' FUNDS769,144685,875
For the year ending 31/12/2023 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 16/04/2024 and signed on their behalf by
.............................
A Roper
Director

Fairway Engineering (Bristol) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees3535

Fairway Engineering (Bristol) Limited

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/01/20237,897683,091690,988
Additions17,98025,43143,411
At 31/12/202325,877708,522734,399
Depreciation
At 01/01/20236,258339,881346,139
For the year3,51367,22970,742
At 31/12/20239,771407,110416,881
Net Book Amounts
At 31/12/202316,106301,412317,518
At 31/12/20221,639343,210344,849
4. STOCK 20232022
££
Stock comprises:
Work in progress18,25021,500
18,25021,500
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors469,584779,659
Prepayments18,60616,562
488,190796,221

Fairway Engineering (Bristol) Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax82,63470,666
VAT81,133128,107
PAYE control29,27542,606
Bank Loan50,00050,000
Credit card-510
Finance leases2,1172,117
Trade creditors108,672235,130
Accruals7,0007,000
360,831536,136
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr79,167129,167
Finance Leases >1yr-18,550
79,167147,717
8. PROVISIONS FOR LIABILITIES 20232022
££
Pensions295-
Deferred taxation72,63363,565
72,92863,565

Fairway Engineering (Bristol) Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
720 Ordinary shares of £1 each720720
240 Class B shares of £1 each240240
240 Class C,D,E,F shares of £1 each240240
1,2001,200