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REGISTERED NUMBER: 03205966 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FELCON LIMITED

FELCON LIMITED (REGISTERED NUMBER: 03205966)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FELCON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: I N Mutton





REGISTERED OFFICE: 5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
West Midlands
CV3 4GA





REGISTERED NUMBER: 03205966 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

FELCON LIMITED (REGISTERED NUMBER: 03205966)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 96,272 111,841
96,272 111,841

CURRENT ASSETS
Stocks 408,801 209,327
Debtors 5 875,634 1,076,424
Cash at bank and in hand 1,401,072 448,356
2,685,507 1,734,107
CREDITORS
Amounts falling due within one year 6 2,422,177 1,521,226
NET CURRENT ASSETS 263,330 212,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,602

324,722

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 359,502 324,622
SHAREHOLDERS' FUNDS 359,602 324,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

FELCON LIMITED (REGISTERED NUMBER: 03205966)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 14 October 2024 and were signed by:





I N Mutton - Director


FELCON LIMITED (REGISTERED NUMBER: 03205966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. 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.

Goodwill
Goodwill has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Alterations to premises - over remaining life of lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 31 ) .

FELCON LIMITED (REGISTERED NUMBER: 03205966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023
and 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

4. TANGIBLE FIXED ASSETS
Alterations Fixtures
to Plant and and Motor
premises machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 52,317 164,325 76,648 79,618 372,908
Additions - 2,709 14,640 - 17,349
Disposals - - - (23,684 ) (23,684 )
At 31 March 2024 52,317 167,034 91,288 55,934 366,573
DEPRECIATION
At 1 April 2023 52,317 105,471 72,571 30,708 261,067
Charge for year - 14,132 2,848 12,022 29,002
Eliminated on disposal - - - (19,768 ) (19,768 )
At 31 March 2024 52,317 119,603 75,419 22,962 270,301
NET BOOK VALUE
At 31 March 2024 - 47,431 15,869 32,972 96,272
At 31 March 2023 - 58,854 4,077 48,910 111,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 810,504 1,056,966
Other debtors 65,130 19,458
875,634 1,076,424

FELCON LIMITED (REGISTERED NUMBER: 03205966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 988,961 482,448
Trade creditors 246,742 145,033
Amounts owed to group undertakings 956,303 698,284
Taxation and social security 199,963 162,250
Other creditors 30,208 33,211
2,422,177 1,521,226

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE PARENT COMPANY

The ultimate parent company is HPM Products Limited, a company registered in England and Wales.