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Company registration number: 13893673
Fisher Kirk Limited
Unaudited filleted financial statements
31 July 2024
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Fisher Kirk Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Fisher Kirk Limited
Directors and other information
Directors C R Kirk
S C Kirk
H A C Fisher
T L Fisher
Company number 13893673
Registered office Brinkburn House
Hovingham
York
North Yorkshire
YO62 4LG
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Fisher Kirk Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Fisher Kirk Limited
Year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fisher Kirk Limited for the year ended 31 July 2024 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Fisher Kirk Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Fisher Kirk Limited and state those matters that we have agreed to state to the board of directors of Fisher Kirk Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fisher Kirk Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Fisher Kirk Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fisher Kirk Limited. You consider that Fisher Kirk Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Fisher Kirk Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
15 November 2024
Fisher Kirk Limited
Balance sheet
31 July 2024
31/07/24 31/07/23
Note £ £ £ £
Current assets
Stocks 2,766,538 2,046,707
Debtors 5 30,000 -
Cash at bank and in hand 568 14,786
_______ _______
2,797,106 2,061,493
Creditors: amounts falling due
within one year 6 ( 2,839,140) ( 2,088,895)
_______ _______
Net current liabilities ( 42,034) ( 27,402)
_______ _______
Total assets less current liabilities ( 42,034) ( 27,402)
_______ _______
Net liabilities ( 42,034) ( 27,402)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 42,134) ( 27,502)
_______ _______
Shareholders deficit ( 42,034) ( 27,402)
_______ _______
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 November 2024 , and are signed on behalf of the board by:
C R Kirk
Director
Company registration number: 13893673
Fisher Kirk Limited
Notes to the financial statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Brinkburn House, Hovingham, York, North Yorkshire, YO62 4LG.
The principal activity of the company is that of property development.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Debtors
31/07/24 31/07/23
£ £
Other debtors 30,000 -
_______ _______
6. Creditors: amounts falling due within one year
31/07/24 31/07/23
£ £
Other creditors 2,839,140 2,088,895
_______ _______
7. Related party transactions
At the balance sheet date C & S Kirk, and individuals and companies connected to them, were owed £2,657,740 (2023: £1,901,740) in respect of loans made to the company.At the balance sheet date H & T Fisher were owed £179,950 (2023: £179,950) in respect of loans made to the company.