IRIS Accounts Production v24.2.0.383 07003162 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070031622022-12-31070031622023-12-31070031622023-01-012023-12-31070031622021-12-31070031622022-01-012022-12-31070031622022-12-3107003162ns15:EnglandWales2023-01-012023-12-3107003162ns14:PoundSterling2023-01-012023-12-3107003162ns10:Director12023-01-012023-12-3107003162ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107003162ns10:SmallEntities2023-01-012023-12-3107003162ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107003162ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107003162ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107003162ns10:FullAccounts2023-01-012023-12-3107003162ns10:OrdinaryShareClass12023-01-012023-12-3107003162ns10:RegisteredOffice2023-01-012023-12-3107003162ns5:CurrentFinancialInstruments2023-12-3107003162ns5:CurrentFinancialInstruments2022-12-3107003162ns5:Non-currentFinancialInstruments2023-12-3107003162ns5:Non-currentFinancialInstruments2022-12-3107003162ns5:ShareCapital2023-12-3107003162ns5:ShareCapital2022-12-3107003162ns5:RetainedEarningsAccumulatedLosses2023-12-3107003162ns5:RetainedEarningsAccumulatedLosses2022-12-3107003162ns5:LeaseholdImprovements2023-01-012023-12-3107003162ns5:PlantMachinery2023-01-012023-12-3107003162ns5:FurnitureFittings2023-01-012023-12-3107003162ns5:MotorVehicles2023-01-012023-12-3107003162ns5:ComputerEquipment2023-01-012023-12-3107003162ns5:LeaseholdImprovements2022-12-3107003162ns5:PlantMachinery2022-12-3107003162ns5:FurnitureFittings2022-12-3107003162ns5:LeaseholdImprovements2023-12-3107003162ns5:PlantMachinery2023-12-3107003162ns5:FurnitureFittings2023-12-3107003162ns5:LeaseholdImprovements2022-12-3107003162ns5:PlantMachinery2022-12-3107003162ns5:FurnitureFittings2022-12-3107003162ns5:MotorVehicles2022-12-3107003162ns5:ComputerEquipment2022-12-3107003162ns5:MotorVehicles2023-12-3107003162ns5:ComputerEquipment2023-12-3107003162ns5:MotorVehicles2022-12-3107003162ns5:ComputerEquipment2022-12-3107003162ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107003162ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107003162ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07003162 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Felixstowe Agencies Limited

Felixstowe Agencies Limited (Registered number: 07003162)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Felixstowe Agencies Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T H Meyer



REGISTERED OFFICE: Area B36 Cliff Quay
Ipswich Dock
Ipswich
Suffolk
IP3 0BS



REGISTERED NUMBER: 07003162 (England and Wales)



ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



BANKERS: Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB

Felixstowe Agencies Limited (Registered number: 07003162)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,783 236,153

CURRENT ASSETS
Stocks 14,150 5,442
Debtors 5 74,058 124,820
Cash at bank and in hand 12,314 5,089
100,522 135,351
CREDITORS
Amounts falling due within one year 6 91,470 264,122
NET CURRENT ASSETS/(LIABILITIES) 9,052 (128,771 )
TOTAL ASSETS LESS CURRENT LIABILITIES 119,835 107,382

CREDITORS
Amounts falling due after more than one
year

7

(59,203

)

(74,597

)

PROVISIONS FOR LIABILITIES - (15,092 )
NET ASSETS 60,632 17,693

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 60,630 17,691
SHAREHOLDERS' FUNDS 60,632 17,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Felixstowe Agencies Limited (Registered number: 07003162)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 12 August 2024 and were signed by:





T H Meyer - Director


Felixstowe Agencies Limited (Registered number: 07003162)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Felixstowe Agencies 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.
Haulage equipment - 5 years straight line
Lorries - 5 years straight line
Fixtures and fittings - 25% on reducing balance and 3 years straight line
Motor vehicles - 25% on reducing balance
Boat - 15% on cost

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

Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.


Felixstowe Agencies Limited (Registered number: 07003162)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
Although the company made a profit in the current year and the balance sheet shows net current assets and positive reserves, the 2022 balance sheet showed net current liabilities of £128,771. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future, and the company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 26 ) .

Felixstowe Agencies Limited (Registered number: 07003162)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Haulage and
equipment Lorries fittings
£    £    £   
COST
At 1 January 2023 55,474 341,420 26,225
Additions - - 1,180
Disposals - (152,074 ) (8,383 )
At 31 December 2023 55,474 189,346 19,022
DEPRECIATION
At 1 January 2023 27,212 147,767 19,462
Charge for year 11,046 68,284 1,476
Eliminated on disposal - (109,200 ) (7,019 )
At 31 December 2023 38,258 106,851 13,919
NET BOOK VALUE
At 31 December 2023 17,216 82,495 5,103
At 31 December 2022 28,262 193,653 6,763

Motor
vehicles Boat Totals
£    £    £   
COST
At 1 January 2023 38,693 1,647 463,459
Additions 3,875 - 5,055
Disposals (19,790 ) - (180,247 )
At 31 December 2023 22,778 1,647 288,267
DEPRECIATION
At 1 January 2023 31,652 1,213 227,306
Charge for year 850 245 81,901
Eliminated on disposal (15,504 ) - (131,723 )
At 31 December 2023 16,998 1,458 177,484
NET BOOK VALUE
At 31 December 2023 5,780 189 110,783
At 31 December 2022 7,041 434 236,153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,159 92,272
Other debtors 28,899 32,548
74,058 124,820

Felixstowe Agencies Limited (Registered number: 07003162)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,982 48,008
Trade creditors 12,479 41,242
Taxation and social security 37,841 32,697
Other creditors 8,168 142,175
91,470 264,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 59,203 74,597

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2