Company Registration No. 03703885 (England and Wales)
Folcrest Trading Limited
Unaudited accounts
for the year ended 31 March 2024
Folcrest Trading Limited
Unaudited accounts
Contents
Folcrest Trading Limited
Company Information
for the year ended 31 March 2024
Company Number
03703885 (England and Wales)
Registered Office
ASHBY HOUSE
GRANTLEY WAY
WAKEFIELD
WEST YORKSHIRE
WF1 4PY
ENGLAND
Accountants
Antony Wilson
12 Thirlmere Road
Flanshaw Estate
Wakefield
West Yorkshire
WF2 9EP
Folcrest Trading Limited
Statement of financial position
as at 31 March 2024
Tangible assets
6,296,184
6,284,932
Cash at bank and in hand
78,785
131,889
Creditors: amounts falling due within one year
(23,075)
(34,924)
Net current assets
433,383
492,214
Total assets less current liabilities
6,729,567
6,777,146
Creditors: amounts falling due after more than one year
(5,005,355)
(4,982,355)
Net assets
1,724,212
1,794,791
Revaluation reserve
1,664,179
1,664,179
Profit and loss account
60,031
130,610
Shareholders' funds
1,724,212
1,794,791
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 director acknowledges his 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 and authorised for issue on 5 July 2024 and were signed on its behalf by
Matthew Smith
Director
Company Registration No. 03703885
Folcrest Trading Limited
Notes to the Accounts
for the year ended 31 March 2024
Folcrest Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 03703885. The registered office is ASHBY HOUSE, GRANTLEY WAY, WAKEFIELD, WEST YORKSHIRE, WF1 4PY, ENGLAND.
2
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At 1 April 2023
6,271,138
25,484
6,296,622
Revaluations
25,046
-
25,046
At 31 March 2024
6,296,184
25,484
6,321,668
At 1 April 2023
-
11,690
11,690
Charge for the year
-
13,794
13,794
At 31 March 2024
-
25,484
25,484
At 31 March 2024
6,296,184
-
6,296,184
At 31 March 2023
6,271,138
13,794
6,284,932
Folcrest Trading Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Other debtors
377,673
395,249
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
2,394
8,832
Taxes and social security
244
2,707
Loans from directors
10,437
5,637
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
5,005,355
4,982,355
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Average number of employees
During the year the average number of employees was 1 (2023: 1).