REGISTERED NUMBER: |
Featherston Limited |
Unaudited Financial Statements for the Year Ended 31st October 2024 |
REGISTERED NUMBER: |
Featherston Limited |
Unaudited Financial Statements for the Year Ended 31st October 2024 |
Featherston Limited (Registered number: 02092165) |
Contents of the Financial Statements |
for the year ended 31st October 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Featherston Limited |
Company Information |
for the year ended 31st October 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Regent's Court |
Princess Street |
Hull |
East Yorkshire HU2 8BA |
Featherston Limited (Registered number: 02092165) |
Balance Sheet |
31st October 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Featherston Limited (Registered number: 02092165) |
Balance Sheet - continued |
31st October 2024 |
The financial statements were approved by the director and authorised for issue on |
Featherston Limited (Registered number: 02092165) |
Notes to the Financial Statements |
for the year ended 31st October 2024 |
1. | STATUTORY INFORMATION |
Featherston Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is the amount, excluding value added tax, receivable in the ordinary course of business for services provided, adjusted for amounts recoverable on contracts. |
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 cost |
Fixtures and fittings - 20% on cost |
Motor vehicles - 15% on cost |
Computer equipment - 33% on cost |
Stocks |
Stock is stated at the lower of cost and net realisable value. Cost means purchase price including transport and handling costs, less trade discounts, calculated on a first in first out basis. Net realisable value means estimated selling price less all further costs to be incurred in marketing, selling and distribution. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Featherston Limited (Registered number: 02092165) |
Notes to the Financial Statements - continued |
for the year ended 31st October 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. |
Amounts recoverable on contracts |
Contracts which have been completed but remain unbilled at the year end are included, at sales value, as a debtor under the heading of amounts recoverable on contracts. |
Incomplete contracts are accounted for on a long term contract basis. Where the outcome of a contract can be assessed with reasonable certainty before its conclusion, the prudently calculated attributable profit is recognised as the difference between the reported turnover and the related costs for that contract. If it is expected that a contract is to ultimately realise a loss, the whole of that loss is provided in the period in which the loss is first foreseen. |
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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st November 2023 |
Disposals | ( |
) | ( |
) |
At 31st October 2024 |
DEPRECIATION |
At 1st November 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
At 31st October 2023 |
Featherston Limited (Registered number: 02092165) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts recoverable on contracts |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | PENSION COMMITMENTS |
Within other creditors is an amount of £478 relating to pension contributions yet to be paid at the year end (2023 - £501). |
8. | ULTIMATE PARENT COMPANY |
The company's ultimate parent company is Richard Featherston (Holdings) Limited. The registered office of Richard Featherston (Holdings) Limited is Kelleythorpe Industrial Estate, Driffield, North Humberside, YO25 9DJ. |