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REGISTERED NUMBER: 03470903 (England and Wales)















F & L LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






F & L LIMITED (REGISTERED NUMBER: 03470903)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F & L LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTOR: B J Deanus





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 03470903 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

F & L LIMITED (REGISTERED NUMBER: 03470903)

BALANCE SHEET
5 APRIL 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,430 15,035

CURRENT ASSETS
Stocks 100 100
Debtors 5 558 11,753
Prepayments and accrued income 985 317
Cash at bank and in hand 21,941 23,177
23,584 35,347
CREDITORS
Amounts falling due within one year 6 26,263 32,878
NET CURRENT (LIABILITIES)/ASSETS (2,679 ) 2,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,751

17,504

CREDITORS
Amounts falling due after more than one
year

7

(6,505

)

(11,491

)

PROVISIONS FOR LIABILITIES 8 (2,362 ) (2,964 )
NET ASSETS 884 3,049

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 684 2,849
SHAREHOLDERS' FUNDS 884 3,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

F & L LIMITED (REGISTERED NUMBER: 03470903)

BALANCE SHEET - continued
5 APRIL 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 15 December 2024 and were signed by:





B J Deanus - Director


F & L LIMITED (REGISTERED NUMBER: 03470903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

F & L 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.

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.
Plant and machinery - 33% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

F & L LIMITED (REGISTERED NUMBER: 03470903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 6 April 2023 5,053 26,873 31,926
Additions 1,802 - 1,802
At 5 April 2024 6,855 26,873 33,728
DEPRECIATION
At 6 April 2023 2,694 14,197 16,891
Charge for year 1,238 3,169 4,407
At 5 April 2024 3,932 17,366 21,298
NET BOOK VALUE
At 5 April 2024 2,923 9,507 12,430
At 5 April 2023 2,359 12,676 15,035

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 558 11,753

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 1,185 1,185
Hire purchase contracts 3,496 3,496
Trade creditors - 26
Corporation tax 4,593 5,550
Social security and other taxes 480 533
VAT 2,455 2,642
Directors' current accounts 9,049 15,710
Accrued expenses 5,005 3,736
26,263 32,878

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans - 1-2 years 1,456 1,456
Bank loans - 2-5 years 970 2,460
Hire purchase contracts 4,079 7,575
6,505 11,491

F & L LIMITED (REGISTERED NUMBER: 03470903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


8. PROVISIONS FOR LIABILITIES
5.4.24 5.4.23
£    £   
Deferred tax
Accelerated capital allowances 2,362 2,964

Deferred
tax
£   
Balance at 6 April 2023 2,964
Credit to Income Statement during year (602 )
Balance at 5 April 2024 2,362

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
200 Ordinary £1 200 200

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2024 and 5 April 2023:

5.4.24 5.4.23
£    £   
B J Deanus
Balance outstanding at start of year 15,710 5,206
Amounts advanced - 10,504
Amounts repaid (6,661 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,049 15,710