IRIS Accounts Production v24.3.0.553 04662643 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046626432023-03-31046626432024-03-31046626432023-04-012024-03-31046626432022-03-31046626432022-04-012023-03-31046626432023-03-3104662643ns15:EnglandWales2023-04-012024-03-3104662643ns14:PoundSterling2023-04-012024-03-3104662643ns10:Director12023-04-012024-03-3104662643ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104662643ns10:SmallEntities2023-04-012024-03-3104662643ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104662643ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104662643ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104662643ns10:FullAccounts2023-04-012024-03-310466264312023-04-012024-03-3104662643ns10:Director22023-04-012024-03-3104662643ns10:Director32023-04-012024-03-3104662643ns10:Director42023-04-012024-03-3104662643ns10:RegisteredOffice2023-04-012024-03-3104662643ns5:CurrentFinancialInstruments2024-03-3104662643ns5:CurrentFinancialInstruments2023-03-3104662643ns5:Non-currentFinancialInstruments2024-03-3104662643ns5:Non-currentFinancialInstruments2023-03-3104662643ns5:ShareCapital2024-03-3104662643ns5:ShareCapital2023-03-3104662643ns5:CapitalRedemptionReserve2024-03-3104662643ns5:CapitalRedemptionReserve2023-03-3104662643ns5:RetainedEarningsAccumulatedLosses2024-03-3104662643ns5:RetainedEarningsAccumulatedLosses2023-03-3104662643ns5:NetGoodwill2023-04-012024-03-3104662643ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104662643ns5:PlantMachinery2023-04-012024-03-3104662643ns5:FurnitureFittings2023-04-012024-03-3104662643ns5:ComputerEquipment2023-04-012024-03-3104662643ns5:NetGoodwill2023-03-3104662643ns5:NetGoodwill2024-03-3104662643ns5:NetGoodwill2023-03-3104662643ns5:PlantMachinery2023-03-3104662643ns5:FurnitureFittings2023-03-3104662643ns5:ComputerEquipment2023-03-3104662643ns5:PlantMachinery2024-03-3104662643ns5:FurnitureFittings2024-03-3104662643ns5:ComputerEquipment2024-03-3104662643ns5:PlantMachinery2023-03-3104662643ns5:FurnitureFittings2023-03-3104662643ns5:ComputerEquipment2023-03-3104662643ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104662643ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104662643ns5:DeferredTaxation2023-03-3104662643ns5:DeferredTaxation2024-03-31046626431ns10:Director12023-03-31046626431ns10:Director12022-03-31046626431ns10:Director12023-04-012024-03-31046626431ns10:Director12022-04-012023-03-31046626431ns10:Director12024-03-31046626431ns10:Director12023-03-31
REGISTERED NUMBER: 04662643 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

FEIST HEDGETHORNE LIMITED

FEIST HEDGETHORNE LIMITED (REGISTERED NUMBER: 04662643)






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


FEIST HEDGETHORNE LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: P R Feist FCA
L Thomas FCA
C J Morey FCA
J Standing ACA





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 04662643 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

FEIST HEDGETHORNE LIMITED (REGISTERED NUMBER: 04662643)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,945 31,425
21,945 31,425

CURRENT ASSETS
Debtors 6 1,557,262 1,245,117
Cash at bank and in hand 588,603 332,301
2,145,865 1,577,418
CREDITORS
Amounts falling due within one year 7 (1,210,934 ) (850,769 )
NET CURRENT ASSETS 934,931 726,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

956,876

758,074

CREDITORS
Amounts falling due after more than one
year

8

(11,752

)

(21,697

)

PROVISIONS FOR LIABILITIES 9 (5,297 ) (7,625 )
NET ASSETS 939,827 728,752

CAPITAL AND RESERVES
Called up share capital 10 800 800
Capital redemption reserve 200 200
Retained earnings 938,827 727,752
SHAREHOLDERS' FUNDS 939,827 728,752

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 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.

FEIST HEDGETHORNE LIMITED (REGISTERED NUMBER: 04662643)

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 Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





P R Feist FCA - Director


FEIST HEDGETHORNE LIMITED (REGISTERED NUMBER: 04662643)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Feist Hedgethorne 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates and these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include the useful economic life of tangible fixed assets, the depreciation of these assets, provisions and the recoverability of debtors.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT. Revenue is recognised as work is completed. Revenue not billed is included in debtors as work in progress and payments on account in excess of the relevant amount of revenue is included in creditors.

Goodwill
Goodwill is related to amounts paid in connection with the acquisition of business clients in 2022 and 2023.

The business acquired in 2023 was amortised in full in year of purchase.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.


FEIST HEDGETHORNE LIMITED (REGISTERED NUMBER: 04662643)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Government backed loans
Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme the government is paying the first year of interest on the loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 33 ) .

FEIST HEDGETHORNE LIMITED (REGISTERED NUMBER: 04662643)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,425
AMORTISATION
At 1 April 2023
and 31 March 2024 10,425
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,782 35,895 262,615 300,292
Additions 460 300 6,589 7,349
At 31 March 2024 2,242 36,195 269,204 307,641
DEPRECIATION
At 1 April 2023 1,422 26,519 240,926 268,867
Charge for year 205 1,928 14,696 16,829
At 31 March 2024 1,627 28,447 255,622 285,696
NET BOOK VALUE
At 31 March 2024 615 7,748 13,582 21,945
At 31 March 2023 360 9,376 21,689 31,425

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 529,805 455,420
Other debtors 1,027,457 789,697
1,557,262 1,245,117

FEIST HEDGETHORNE LIMITED (REGISTERED NUMBER: 04662643)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 69,536 64,564
Taxation and social security 378,300 265,587
Other creditors 752,450 509,970
1,210,934 850,769

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 11,752 21,697

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,297 7,625

Deferred
tax
£   
Balance at 1 April 2023 7,625
Movement in year (2,328 )
Balance at 31 March 2024 5,297

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid
Number: Class: Nominal 2024 2023
value £ £
500 Share capital - 'A' Shares £1 500 500
100 Share capital - 'C' Shares £1 100 100
50 Share capital - 'D' Shares £1 50 50
100 Share capital - 'E' Shares £1 100 100
50 Share capital - 'F' Shares £1 50 50
800 800

FEIST HEDGETHORNE LIMITED (REGISTERED NUMBER: 04662643)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P R Feist FCA
Balance outstanding at start of year (329 ) (329 )
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,671 (329 )