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REGISTERED NUMBER: 00653965 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

FLETCHERS AUTOMATICS (REDNAL) LIMITED

FLETCHERS AUTOMATICS (REDNAL) LIMITED (REGISTERED NUMBER: 00653965)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

FLETCHERS AUTOMATICS (REDNAL) LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J Fletcher
Mrs K C J Seldon - Fletcher





SECRETARY: J Fletcher





REGISTERED OFFICE: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT





REGISTERED NUMBER: 00653965 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

FLETCHERS AUTOMATICS (REDNAL) LIMITED (REGISTERED NUMBER: 00653965)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 698,183 698,702

CURRENT ASSETS
Stocks 6 116,452 116,452
Debtors 7 43,926 47,749
Cash at bank 7,969 12,639
168,347 176,840
CREDITORS
Amounts falling due within one year 8 (223,925 ) (224,841 )
NET CURRENT LIABILITIES (55,578 ) (48,001 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,605

650,701

CREDITORS
Amounts falling due after more than
one year

9

(11,333

)

(19,834

)

PROVISIONS FOR LIABILITIES 11 (295 ) (394 )
NET ASSETS 630,977 630,473

CAPITAL AND RESERVES
Called up share capital 12 562 562
Revaluation reserve 13 149,000 149,000
Retained earnings 481,415 480,911
SHAREHOLDERS' FUNDS 630,977 630,473

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

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

The directors acknowledge their 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.

FLETCHERS AUTOMATICS (REDNAL) LIMITED (REGISTERED NUMBER: 00653965)

Balance Sheet - continued
30 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 Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





J Fletcher - Director


FLETCHERS AUTOMATICS (REDNAL) LIMITED (REGISTERED NUMBER: 00653965)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Fletchers Automatics (Rednal) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Freehold property - 5% on cost
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


FLETCHERS AUTOMATICS (REDNAL) LIMITED (REGISTERED NUMBER: 00653965)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 644,612 52,017 14,794
DEPRECIATION
At 1 May 2023 - - 13,822
Charge for year - - 243
At 30 April 2024 - - 14,065
NET BOOK VALUE
At 30 April 2024 644,612 52,017 729
At 30 April 2023 644,612 52,017 972

FLETCHERS AUTOMATICS (REDNAL) LIMITED (REGISTERED NUMBER: 00653965)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 76,380 10,431 798,234
DEPRECIATION
At 1 May 2023 75,449 10,261 99,532
Charge for year 233 43 519
At 30 April 2024 75,682 10,304 100,051
NET BOOK VALUE
At 30 April 2024 698 127 698,183
At 30 April 2023 931 170 698,702

The inclusion of Freehold property at a valuation does not constitute an adoption of a policy of revaluation as detailed in Financial Reporting Standard 15 "Tangible Fixed Assets".

Cost or valuation at 30 April 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 1998 149,000 - -
Cost 495,612 52,017 14,794
644,612 52,017 14,794

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Valuation in 1998 - - 149,000
Cost 76,380 10,431 649,234
76,380 10,431 798,234

FLETCHERS AUTOMATICS (REDNAL) LIMITED (REGISTERED NUMBER: 00653965)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

If the property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 495,612 495,612

Freehold land and buildings were valued on continuing business basis on 30 April 2008 by the directors .

6. STOCKS
2024 2023
£    £   
Work-in-progress 116,452 116,452

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 990 960
Other debtors 24,000 24,000
Amounts due from related
businesses

12,664

16,309
Prepayments 6,272 6,480
43,926 47,749

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,500 8,500
Trade creditors 6,892 10,391
Tax 3,271 3,569
Social security and other taxes 2,717 2,579
Other creditors - 17,438
Directors' current accounts 184,952 175,297
Accrued expenses 17,593 7,067
223,925 224,841

The directors current accounts are interest free and repayable on demand.


FLETCHERS AUTOMATICS (REDNAL) LIMITED (REGISTERED NUMBER: 00653965)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,500 8,500
Bank loans due 2 to 5 years 2,833 11,334
11,333 19,834

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,833 28,334

Lloyds Bank have 1st legal charge over Freehold property known as 444 &446 Lickey Road, Rednal, Birmingham dated 20th July 1999 and 1st charge over Freehold property known as 448 Lickey Road, Rednal, Birmingham dated 27 August 1999.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Excess allowances over depreciation 295 394

Deferred
tax
£   
Balance at 1 May 2023 394
Unused amounts reversed during year (99 )
Accelerated capital allowances
Balance at 30 April 2024 295

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
560 A ordinary £1 560 560
2 B - E ordinary £1 2 2
562 562

FLETCHERS AUTOMATICS (REDNAL) LIMITED (REGISTERED NUMBER: 00653965)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

13. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 149,000

14. RELATED PARTY DISCLOSURES

At 30 April 2024 an amount of £184,952 was due to the directors (2023 - £175,297), this amount is interest free and repayable on demand.

The directors are also directors of Joe Joe Jims Limited, and at 30 April 2024 an amount of £12,664 (2023- £16,309) was due from Joe Joe Jims Limited.

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Fletcher by virtue of holding 62.6% of the ordinary issued share capital of the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fletchers Automatics (Rednal) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fletchers Automatics (Rednal) Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fletchers Automatics (Rednal) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fletchers Automatics (Rednal) Limited and state those matters that we have agreed to state to the Board of Directors of Fletchers Automatics (Rednal) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fletchers Automatics (Rednal) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fletchers Automatics (Rednal) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fletchers Automatics (Rednal) Limited. You consider that Fletchers Automatics (Rednal) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fletchers Automatics (Rednal) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


25 January 2025