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Fairweigh Limited

Financial Statements for the Year Ended 31 March 2024






Fairweigh Limited (Registered number: 04313814)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fairweigh Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr J D Sage





SECRETARY: Mrs K A Sage





REGISTERED OFFICE: Units 4 & 5 Kimpton Enterprise Park
Claggy Road
Kimpton
Hertfordshire
SG4 8HP





REGISTERED NUMBER: 04313814 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

Fairweigh Limited (Registered number: 04313814)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,643 43,524

CURRENT ASSETS
Debtors 5 42,834 54,948
Cash at bank 50,787 92,037
93,621 146,985
CREDITORS
Amounts falling due within one year 6 51,628 92,708
NET CURRENT ASSETS 41,993 54,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,636

97,801

PROVISIONS FOR LIABILITIES 8,269 8,269
NET ASSETS 66,367 89,532

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 66,365 89,530
SHAREHOLDERS' FUNDS 66,367 89,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 28 August 2024 and were signed by:




Mr J D Sage - Director


Fairweigh Limited (Registered number: 04313814)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Fairweigh 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 37,108 10,695 7,539 55,342
DEPRECIATION
At 1 April 2023 773 4,011 7,034 11,818
Charge for year 9,084 1,671 126 10,881
At 31 March 2024 9,857 5,682 7,160 22,699
NET BOOK VALUE
At 31 March 2024 27,251 5,013 379 32,643
At 31 March 2023 36,335 6,684 505 43,524

Fairweigh Limited (Registered number: 04313814)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,543 52,737
Tax 291 291
Prepayments and accrued income - 1,920
42,834 54,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,607 4,638
Amounts owed to participating interests - 57,600
Corporation tax 17,642 -
PAYE 270 (160 )
VAT 18,620 5,230
Directors' current accounts 1,124 14,814
Accrued expenses 10,365 10,586
51,628 92,708