2023-04-01 09433366 2024-03-31 09433366 2023-04-01 2024-03-31 09433366 2023-03-31 09433366 2022-04-01 2023-03-31 09433366 uk-core:WithinOneYear 2023-03-31 09433366 uk-core:WithinOneYear 2024-03-31 09433366 uk-core:AfterOneYear 2023-03-31 09433366 uk-core:AfterOneYear 2024-03-31 09433366 uk-core:ShareCapital 2024-03-31 09433366 uk-core:ShareCapital 2023-03-31 09433366 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 09433366 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 09433366 uk-bus:Director1 2023-04-01 2024-03-31 09433366 uk-core:NetGoodwill 2023-04-01 2024-03-31 09433366 uk-core:PlantMachinery 2023-04-01 2024-03-31 09433366 uk-core:ToolsEquipment 2023-04-01 2024-03-31 09433366 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 09433366 uk-core:Goodwill 2023-03-31 09433366 uk-core:Goodwill 2024-03-31 09433366 uk-core:ToolsEquipment 2023-03-31 09433366 uk-core:CommercialMotorVehicles 2023-03-31 09433366 uk-core:PlantMachinery 2023-03-31 09433366 uk-core:PlantMachinery 2024-03-31 09433366 uk-core:CommercialMotorVehicles 2024-03-31 09433366 uk-core:ToolsEquipment 2024-03-31 iso4217:GBP xbrli:pure 09433366 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09433366 uk-bus:FRS102 2023-04-01 2024-03-31 09433366 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 09433366 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Sean Farrelly Limited
Registered Number:09433366
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
09433366
As at 31 March 2024
Sean Farrelly Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
115,715
89,196
3
115,715
89,196
Current assets
Trade and other receivables
23,626
22,743
4
115,652
Cash and cash equivalents
71,096
93,839
139,278
Trade and other payables: amounts falling due within one
year
(46,019)
(38,037)
5
93,259
55,802
Net current assets
Total assets less current liabilities
171,517
182,455
Trade and other payables: amounts falling due after more
than one year
(92,966)
(25,399)
6
146,118
Net assets
89,489
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
145,118
88,489
146,118
89,489
Shareholders' funds
For the year ended 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 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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Sean Farrelly Director
These financial statements were approved and authorised for issue by the Board on 04 September 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2024
Sean Farrelly Limited
Notes to the Financial Statements
Statutory Information
Sean Farrelly Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09433366.
Registered address:
263 Brentwood Road
Herongate
Brentwood
Essex
CM13 3LH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 4 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
20% Reducing balance
Computer equipment
20% Reducing balance
Motor vehicles
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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For the year ended 31 March 2024
Sean Farrelly Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
10,000
At 31 March 2024
10,000
Amortisation
At 01 April 2023
10,000
At 31 March 2024
10,000
Net book value
At 31 March 2024
-
At 31 March 2023
-
3. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
280,597
1,939
98,650
180,008
59,500
-
-
59,500
Additions
-
-
(36,470)
Disposals
(36,470)
At 31 March 2024
203,038
98,650
1,939
303,627
Provision for depreciation and impairment
At 01 April 2023
191,401
1,406
78,581
111,414
Charge for year
25,211
107
4,014
21,090
(28,700)
-
-
(28,700)
On disposal
At 31 March 2024
187,912
1,513
82,595
103,804
At 31 March 2024
Net book value
99,234
16,055
426
115,715
At 31 March 2023
68,594
20,069
533
89,196
4. Trade and other receivables
2023
2024
£
£
Trade debtors
22,470
23,626
Prepayments and accrued income
273
-
23,626
22,743
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For the year ended 31 March 2024
Sean Farrelly Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
5,943
2,419
Taxation and social security
27,196
26,061
Accruals and deferred income
1,025
975
Obligations under HP/Financial leases
3,873
15,547
Other creditors
-
1,017
38,037
46,019
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
89,150
25,399
Directors' loan accounts
3,816
-
Obligations under HP/Financial leases
25,399
92,966
7. Related party transactions
The company is controlled by the Director Sean Farrelly who holds 100% of the voting rights of the company.
During the period the Director Sean Farrelly received interim Ordinary Dividends in the sum of £24,000 (2023:
£27,000) in respoect of his equity shareholding held in the company.
8. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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