IRIS Accounts Production v24.3.0.553 03148056 director 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031480562023-09-30031480562024-09-30031480562023-10-012024-09-30031480562022-09-30031480562022-10-012023-09-30031480562023-09-3003148056ns15:EnglandWales2023-10-012024-09-3003148056ns14:PoundSterling2023-10-012024-09-3003148056ns10:Director12023-10-012024-09-3003148056ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3003148056ns10:SmallEntities2023-10-012024-09-3003148056ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3003148056ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3003148056ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3003148056ns10:FullAccounts2023-10-012024-09-3003148056ns10:OrdinaryShareClass12023-10-012024-09-3003148056ns10:CompanySecretary12023-10-012024-09-3003148056ns10:RegisteredOffice2023-10-012024-09-3003148056ns5:CurrentFinancialInstruments2024-09-3003148056ns5:CurrentFinancialInstruments2023-09-3003148056ns5:Non-currentFinancialInstruments2024-09-3003148056ns5:Non-currentFinancialInstruments2023-09-3003148056ns5:ShareCapital2024-09-3003148056ns5:ShareCapital2023-09-3003148056ns5:CapitalRedemptionReserve2024-09-3003148056ns5:CapitalRedemptionReserve2023-09-3003148056ns5:RetainedEarningsAccumulatedLosses2024-09-3003148056ns5:RetainedEarningsAccumulatedLosses2023-09-3003148056ns5:PlantMachinery2023-10-012024-09-3003148056ns5:FurnitureFittings2023-10-012024-09-3003148056ns5:MotorVehicles2023-10-012024-09-3003148056ns5:PlantMachinery2023-09-3003148056ns5:FurnitureFittings2023-09-3003148056ns5:MotorVehicles2023-09-3003148056ns5:PlantMachinery2024-09-3003148056ns5:FurnitureFittings2024-09-3003148056ns5:MotorVehicles2024-09-3003148056ns5:PlantMachinery2023-09-3003148056ns5:FurnitureFittings2023-09-3003148056ns5:MotorVehicles2023-09-3003148056ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3003148056ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3003148056ns5:LeasedAssetsHeldAsLessee2023-09-3003148056ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3003148056ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3003148056ns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3003148056ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-09-3003148056ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-09-3003148056ns5:LeasedAssetsHeldAsLessee2024-09-3003148056ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3003148056ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3003148056ns5:LeasedAssetsHeldAsLessee2023-09-3003148056ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3003148056ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3003148056ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-09-3003148056ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-09-3003148056ns5:DeferredTaxation2023-09-3003148056ns5:DeferredTaxation2023-10-012024-09-3003148056ns5:DeferredTaxation2024-09-3003148056ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 03148056 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

FAIRBROTHER & GRIMSHAW ENGINEERING LTD

FAIRBROTHER & GRIMSHAW ENGINEERING LTD (REGISTERED NUMBER: 03148056)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAIRBROTHER & GRIMSHAW ENGINEERING LTD

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: Mrs L M E Fairbrother





SECRETARY: Mrs L M E Fairbrother





REGISTERED OFFICE: Cherry Tree Mill
Preston Old Road
Cherry Tree
Blackburn
Lancashire
BB2 5LX





REGISTERED NUMBER: 03148056 (England and Wales)





ACCOUNTANTS: Blaeford Gordon & Company Ltd
101 Galgate
Barnard Castle
Co. Durham
DL12 8ES

FAIRBROTHER & GRIMSHAW ENGINEERING LTD (REGISTERED NUMBER: 03148056)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 294,421 328,567

CURRENT ASSETS
Debtors 5 104,093 174,075
Cash at bank 140,754 99,267
244,847 273,342
CREDITORS
Amounts falling due within one year 6 108,732 113,414
NET CURRENT ASSETS 136,115 159,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,536

488,495

CREDITORS
Amounts falling due after more than one year 7 (139,161 ) (49,325 )

PROVISIONS FOR LIABILITIES 10 (73,605 ) (82,142 )
NET ASSETS 217,770 357,028

CAPITAL AND RESERVES
Called up share capital 11 60 100
Capital redemption reserve 40 -
Retained earnings 217,670 356,928
SHAREHOLDERS' FUNDS 217,770 357,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FAIRBROTHER & GRIMSHAW ENGINEERING LTD (REGISTERED NUMBER: 03148056)

BALANCE SHEET - continued
30 September 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 20 November 2024 and were signed by:





Mrs L M E Fairbrother - Director


FAIRBROTHER & GRIMSHAW ENGINEERING LTD (REGISTERED NUMBER: 03148056)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Fairbrother & Grimshaw Engineering Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

FAIRBROTHER & GRIMSHAW ENGINEERING LTD (REGISTERED NUMBER: 03148056)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 912,617 42,822 81,874 1,037,313
DEPRECIATION
At 1 October 2023 609,010 26,455 73,281 708,746
Charge for year 30,361 1,637 2,148 34,146
At 30 September 2024 639,371 28,092 75,429 742,892
NET BOOK VALUE
At 30 September 2024 273,246 14,730 6,445 294,421
At 30 September 2023 303,607 16,367 8,593 328,567

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 350,856 36,998 387,854
DEPRECIATION
At 1 October 2023 166,311 32,960 199,271
Charge for year 18,455 1,009 19,464
At 30 September 2024 184,766 33,969 218,735
NET BOOK VALUE
At 30 September 2024 166,090 3,029 169,119
At 30 September 2023 184,545 4,038 188,583

FAIRBROTHER & GRIMSHAW ENGINEERING LTD (REGISTERED NUMBER: 03148056)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 101,498 171,480
Prepayments 2,595 2,595
104,093 174,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 26,658 28,225
Trade creditors 19,467 23,805
Tax 4,686 11,760
Social security and other taxes 2,902 10,804
VAT 14,099 28,270
Accrued expenses 3,800 10,550
Pension scheme loan 37,120 -
108,732 113,414

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other loans (see note 8) 135,161 18,667
Hire purchase contracts 4,000 30,658
139,161 49,325

8. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due between one and two years:
Pension loan - 1-2 years 122,880 -
Bounce Back loan 12,281 18,667
135,161 18,667

FAIRBROTHER & GRIMSHAW ENGINEERING LTD (REGISTERED NUMBER: 03148056)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 30,658 58,883

Hire purchase creditors are secured by a charge over the asset to which the finance relates.

The loan from the pension scheme is secured by a personal security provided by Mrs L M E Fairbrother.

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 73,605 82,142

Deferred
tax
£   
Balance at 1 October 2023 82,142
Provided during year (8,537 )
Balance at 30 September 2024 73,605

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 60 100

12. RELATED PARTY DISCLOSURES

During the year the company bought back 40 Ordinary shares from Mr N Grimshaw on his retirement.

The company operates from premises owned by Fairbrother and Grimshaw Retirement Benefit Scheme and pays rent at open market value.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L M E Fairbrother.