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REGISTERED NUMBER: 02092165 (England and Wales)






















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: R Featherston





SECRETARY: Mrs P A Featherston





REGISTERED OFFICE: Unit 89
Kelleythorpe Industrial Estate
Driffield
East Yorkshire
YO25 9DJ





REGISTERED NUMBER: 02092165 (England and Wales)





ACCOUNTANTS: Smailes Goldie
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 4 145,625 174,207

CURRENT ASSETS
Stocks - 3,000
Debtors 5 646,795 822,569
Cash at bank and in hand 171,088 159,479
817,883 985,048
CREDITORS
Amounts falling due within one year 6 560,147 843,756
NET CURRENT ASSETS 257,736 141,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,361

315,499

PROVISIONS FOR LIABILITIES 35,854 42,860
NET ASSETS 367,507 272,639

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 367,407 272,539
SHAREHOLDERS' FUNDS 367,507 272,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Featherston Limited (Registered number: 02092165)

Balance Sheet - continued
31st October 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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th January 2025 and were signed by:





R Featherston - Director


Featherston Limited (Registered number: 02092165)

Notes to the Financial Statements
for the year ended 31st October 2024

1. STATUTORY INFORMATION

Featherston 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 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 12 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 191,882 9,787 261,716 12,504 475,889
Disposals - - (8,990 ) - (8,990 )
At 31st October 2024 191,882 9,787 252,726 12,504 466,899
DEPRECIATION
At 1st November 2023 170,966 8,796 110,466 11,454 301,682
Charge for year 10,647 421 17,032 482 28,582
Eliminated on disposal - - (8,990 ) - (8,990 )
At 31st October 2024 181,613 9,217 118,508 11,936 321,274
NET BOOK VALUE
At 31st October 2024 10,269 570 134,218 568 145,625
At 31st October 2023 20,916 991 151,250 1,050 174,207

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 255,786 706,711
Amounts recoverable on contracts 387,343 111,310
Other debtors 3,666 4,548
646,795 822,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 135,408 265,305
Amounts owed to group undertakings 181,728 398,109
Taxation and social security 119,538 45,678
Other creditors 123,473 134,664
560,147 843,756

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.