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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
Page
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Folcrest Trading Limited Company Information for the year ended 31 March 2024
Director
Matthew Smith
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
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Folcrest Trading Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,296,184 
6,284,932 
Current assets
Debtors
377,673 
395,249 
Cash at bank and in hand
78,785 
131,889 
456,458 
527,138 
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 
Capital and reserves
Share premium
2 
2 
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
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Folcrest Trading Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
15
4
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 
Depreciation
At 1 April 2023
- 
11,690 
11,690 
Charge for the year
- 
13,794 
13,794 
At 31 March 2024
- 
25,484 
25,484 
Net book value
At 31 March 2024
6,296,184 
- 
6,296,184 
At 31 March 2023
6,271,138 
13,794 
6,284,932 
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Folcrest Trading Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
377,673 
395,249 
6
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 
Other creditors
- 
7,748 
Loans from directors
10,437 
5,637 
23,075 
34,924 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,005,355 
4,982,355 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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