05011101falsethe breeding of fish and cultivation of water plants2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:MotorCars2022-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:MotorCars2023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05011101

Faulkers Fish Farm Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Faulkers Fish Farm Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
C H Mappin
S A Mappin
SECRETARY
C H Mappin
REGISTERED OFFICE
Faulkers Lane
Burgh le Marsh
Skegness
England
PE24 5HW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05011101
BANKERS
Lloyds Bank plc
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Faulkers Fish Farm Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Faulkers Fish Farm Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets240,11431,393
CURRENT ASSETS
Stock6,5006,500
Debtors473,30557,589
Cash at bank and in hand85,44068,092
165,245132,181
CREDITORS: Amounts falling due within one year550,76425,605
NET CURRENT ASSETS114,481106,576
TOTAL ASSETS LESS CURRENT LIABILITIES154,595137,969
PROVISIONS FOR LIABILITIES AND CHARGES77,6225,965
NET ASSETS146,973132,004
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account146,971132,002
SHAREHOLDERS' FUNDS146,973132,004
For the year ending 31/12/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/08/2024 and signed on their behalf by
.............................
S A Mappin
Director
.............................
C H Mappin
Director

Faulkers Fish Farm Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Faulkers Fish Farm Ltd

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsMotor CarsTotal
££££
Cost
At 01/01/202356936,97660,01097,555
Additions-1,35220,75022,102
At 31/12/202356938,32880,760119,657
Depreciation
At 01/01/202356328,09437,50566,162
For the year22,56310,81613,381
At 31/12/202356530,65748,32179,543
Net Book Amounts
At 31/12/202347,67132,43940,114
At 31/12/202268,88222,50531,393
3. STOCK 20232022
££
Stock comprises:
Stock6,5006,500
6,5006,500
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors65,79755,653
VAT4,581430
Prepayments2,9271,506
73,30557,589
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax8,896171
PAYE control8131,696
Directors current account39,12121,834
Accruals1,9341,904
50,76425,605

Faulkers Fish Farm Ltd

6. EMPLOYEES
20232022
No.No.
Average number of employees109
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation7,6225,965
7,6225,965
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22