George Farmiloe & Sons Trading Limited 07532211 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is to be that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false true 07532211 2023-04-01 2024-03-31 07532211 2024-03-31 07532211 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07532211 bus:SmallEntities 2023-04-01 2024-03-31 07532211 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07532211 bus:FullAccounts 2023-04-01 2024-03-31 07532211 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07532211 bus:RegisteredOffice 2023-04-01 2024-03-31 07532211 bus:Director1 2023-04-01 2024-03-31 07532211 bus:Director2 2023-04-01 2024-03-31 07532211 bus:Director3 2023-04-01 2024-03-31 07532211 bus:Director4 2023-04-01 2024-03-31 07532211 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07532211 core:Subsidiary1 2023-04-01 2024-03-31 07532211 core:Subsidiary1 1 2023-04-01 2024-03-31 07532211 core:Subsidiary1 countries:England 2023-04-01 2024-03-31 07532211 countries:England 2023-04-01 2024-03-31 07532211 core:CostValuation 2023-03-31 07532211 2022-04-01 2023-03-31 07532211 2023-03-31 07532211 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07532211 core:Subsidiary1 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 07532211

George Farmiloe & Sons Trading Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

George Farmiloe & Sons Trading Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

George Farmiloe & Sons Trading Limited

Company Information

Directors

JW Horner

E Beardsmore

TLC Farmiloe

M Heining

Registered office

12A Fleet Business Park
Fleet
Hants
GU52 8BF

Accountants

CRK Accounting Limited
12a Fleet Business Park
Sandy Lane
Church Crookham
Fleet
Hampshire
GU52 8BF

 

George Farmiloe & Sons Trading Limited

(Registration number: 07532211)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

94,362

94,362

Creditors: Amounts falling due within one year

5

(5,780)

(4,817)

Net assets

 

88,582

89,545

Capital and reserves

 

Called up share capital

14,132

14,132

Share premium reserve

29,312

29,312

Retained earnings

45,138

46,101

Shareholders' funds

 

88,582

89,545

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 

.........................................
TLC Farmiloe
Director

 

George Farmiloe & Sons Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
12A Fleet Business Park
Fleet
Hants
GU52 8BF
England

These financial statements were authorised for issue by the Board on 13 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

George Farmiloe & Sons Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Investments

2024
£

2023
£

Investments in subsidiaries

94,362

94,362

Subsidiaries

£

Cost or valuation

At 1 April 2023

94,362

Provision

Carrying amount

At 31 March 2024

94,362

At 31 March 2023

94,362

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

George Farmiloe & Sons Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Farmiloe & Farmiloe (W.B.S) Limited

Elmbrook House, 28 Willow Lane,Mitcham, Surrey, CR4 4UH

England

Ordinary shares

100%

100%

Subsidiary undertakings

Farmiloe & Farmiloe (W.B.S) Limited

The principal activity of Farmiloe & Farmiloe (W.B.S) Limited is Distribution of sanitary ware.

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

950

925

Other creditors

4,830

3,892

5,780

4,817