Company Registration No. 06109932 (England and Wales)
Fendt and Sharp Limited
Unaudited accounts
for the year ended 31 March 2024
Fendt and Sharp Limited
Unaudited accounts
Contents
Fendt and Sharp Limited
Statement of financial position
as at 31 March 2024
Tangible assets
9,270
5,226
Cash at bank and in hand
26,858
18,699
Creditors: amounts falling due within one year
(32,885)
(28,688)
Net current assets
24,748
12,073
Called up share capital
100
100
Profit and loss account
33,918
17,199
Shareholders' funds
34,018
17,299
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by
Christopher Sharp
Director
Company Registration No. 06109932
Fendt and Sharp Limited
Notes to the Accounts
for the year ended 31 March 2024
Fendt and Sharp Limited is a private company, limited by shares, registered in England and Wales, registration number 06109932. The registered office is Copse Barn, 6 Woodbyne Way, Stillington, York, YO61 1AD.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Reducing Balance Basis
Computer equipment
33% Reducing Balance Basis
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
6,569
13,800
20,369
Additions
2,819
3,593
6,412
At 31 March 2024
9,388
17,393
26,781
At 1 April 2023
2,621
12,522
15,143
Charge for the year
479
1,889
2,368
At 31 March 2024
3,100
14,411
17,511
At 31 March 2024
6,288
2,982
9,270
At 31 March 2023
3,948
1,278
5,226
Fendt and Sharp Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
19,029
16,786
Other debtors
11,746
5,276
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,235
3,505
Taxes and social security
29,950
21,165
Other creditors
1,700
4,018
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Average number of employees
During the year the average number of employees was 3 (2023: 2).