Registered Number:09433366 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
Sean Farrelly Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
115,715
89,196
3
115,715
89,196
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
1,000
1,000
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. |
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. |
263 Brentwood Road
Herongate
Brentwood
Essex
CM13 3LH
The presentation currency is £ sterling. |
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
Computer equipment
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
10,000
10,000
10,000
10,000
-
-
3. Property, plant and equipment |
Motor vehicles
280,597
1,939
98,650
180,008
59,500
-
-
59,500
-
-
(36,470)
(36,470)
203,038
98,650
1,939
303,627
Provision for depreciation and impairment |
191,401
1,406
78,581
111,414
Charge for year
25,211
107
4,014
21,090
(28,700)
-
-
(28,700)
187,912
1,513
82,595
103,804
99,234
16,055
426
115,715
68,594
20,069
533
89,196
4. Trade and other receivables |
2023
2024
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
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
-
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
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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