05422685falsethe provision of tilt and tarpaulin repairs.2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/cd:Director22023-06-012024-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-05-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-05-31http://www.companieshouse.gov.uk/cd:Director32023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-05-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05422685

Falcon Repairs Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2024

Prepared By:
Willow Accounting & Consultancy
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU

Falcon Repairs Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2024
DIRECTORS
George David Ellis
Patricia Ruth Ellis
Russell George Ellis
REGISTERED OFFICE
48 Goliath Road
Hamworthy
Poole
Dorset
BH15 4NS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05422685
ACCOUNTANTS
Willow Accounting & Consultancy
47a Commercial Road
Ashley Cross
Poole
Dorset
BH14 0HU

Falcon Repairs Limited

ACCOUNTS
FOR THEYEARENDED31 MAY 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Falcon Repairs Limited

BALANCE SHEET AT 31 May 2024
20242023
Notes££
FIXED ASSETS
Intangible assets240,80047,600
Tangible assets32,6293,444
43,42951,044
CURRENT ASSETS
Stock13,25112,724
Debtors519,38617,222
Cash at bank and in hand14,15520,415
46,79250,361
CREDITORS: Amounts falling due within one year674,64773,588
NET CURRENT LIABILITIES(27,855)(23,227)
TOTAL ASSETS LESS CURRENT LIABILITIES15,57427,817
PROVISIONS FOR LIABILITIES AND CHARGES8500654
NET ASSETS15,07427,163
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account14,97427,063
SHAREHOLDERS' FUNDS15,07427,163
For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18 February 2025 and signed on their behalf by
.............................
Patricia Ruth Ellis
Director

Falcon Repairs Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 50%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill is stated at cost of acquisition. The directors consider the useful economic life of the asset to be 10 years and as such amortisation is provided on that basis.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 June 202368,00068,000
At 31 May 202468,00068,000
Depreciation
At 1 June 202320,40020,400
For the year6,8006,800
At 31 May 202427,20027,200
Net Book Amounts
At 31 May 202440,80040,800
At 31 May 202347,60047,600

Falcon Repairs Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 1 June 202321,68925,4756,0463,99557,205
At 31 May 202421,68925,4756,0463,99557,205
Depreciation
At 1 June 202320,86123,1145,8493,93753,761
For the year1665903029815
At 31 May 202421,02723,7045,8793,96654,576
Net Book Amounts
At 31 May 20246621,771167292,629
At 31 May 20238282,361197583,444
4. STOCK 20242023
££
Stock comprises:
Stock13,25112,724
13,25112,724
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors10,51716,711
Prepayments547511
Directors current account - G&P Ellis8,322-
19,38617,222
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,1064,314
VAT5,8167,561
PAYE control9471,032
Directors current account - G&P Ellis-2,457
Directors current account - R Ellis62,18455,384
Trade creditors631-
Accruals2,9632,840
74,64773,588

Falcon Repairs Limited

7. EMPLOYEES
20242023
No.No.
Average number of employees33
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation500654
500654
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100