IRIS Accounts Production v24.2.0.383 11941797 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119417972022-12-31119417972023-12-31119417972023-01-012023-12-31119417972021-12-31119417972022-01-012022-12-31119417972022-12-3111941797ns15:EnglandWales2023-01-012023-12-3111941797ns14:PoundSterling2023-01-012023-12-3111941797ns10:Director12023-01-012023-12-3111941797ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111941797ns10:SmallEntities2023-01-012023-12-3111941797ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111941797ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111941797ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111941797ns10:FullAccounts2023-01-012023-12-3111941797ns10:Director22023-01-012023-12-3111941797ns10:RegisteredOffice2023-01-012023-12-3111941797ns5:CurrentFinancialInstruments2023-12-3111941797ns5:CurrentFinancialInstruments2022-12-3111941797ns5:Non-currentFinancialInstruments2023-12-3111941797ns5:Non-currentFinancialInstruments2022-12-3111941797ns5:ShareCapital2023-12-3111941797ns5:ShareCapital2022-12-3111941797ns5:SharePremium2023-12-3111941797ns5:SharePremium2022-12-3111941797ns5:RetainedEarningsAccumulatedLosses2023-12-3111941797ns5:RetainedEarningsAccumulatedLosses2022-12-3111941797ns5:PlantMachinery2022-12-3111941797ns5:PlantMachinery2023-01-012023-12-3111941797ns5:PlantMachinery2023-12-3111941797ns5:PlantMachinery2022-12-3111941797ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111941797ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111941797ns5:WithinOneYear2023-12-3111941797ns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 11941797 (England and Wales)















FAERFIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






FAERFIELD LIMITED (REGISTERED NUMBER: 11941797)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAERFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R L Hannan
M A Tucker





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 11941797 (England and Wales)






FAERFIELD LIMITED (REGISTERED NUMBER: 11941797)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,276 3,054

CURRENT ASSETS
Debtors 5 861,958 533,035
Cash at bank 30,162 24,136
892,120 557,171
CREDITORS
Amounts falling due within one year 6 522,979 338,521
NET CURRENT ASSETS 369,141 218,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,417

221,704

CREDITORS
Amounts falling due after more than one
year

7

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (1,319 ) (764 )
NET ASSETS 355,598 193,440

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 99,920 99,920
Retained earnings 255,478 93,320
SHAREHOLDERS' FUNDS 355,598 193,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

FAERFIELD LIMITED (REGISTERED NUMBER: 11941797)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





M A Tucker - Director


FAERFIELD LIMITED (REGISTERED NUMBER: 11941797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Faerfield Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment 33% Straight Line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

FAERFIELD LIMITED (REGISTERED NUMBER: 11941797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 6,187
Additions 4,854
At 31 December 2023 11,041
DEPRECIATION
At 1 January 2023 3,133
Charge for year 2,632
At 31 December 2023 5,765
NET BOOK VALUE
At 31 December 2023 5,276
At 31 December 2022 3,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 833,824 354,579
Other debtors 28,134 178,456
861,958 533,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 230,812 159,711
Taxation and social security 121,032 57,868
Other creditors 161,135 110,942
522,979 338,521

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,500 27,500

FAERFIELD LIMITED (REGISTERED NUMBER: 11941797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,570 12,570