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Company Registration No. 10758102 (England and Wales)
Fellpack Limited Unaudited accounts for the year ended 31 May 2024
Fellpack Limited Unaudited accounts Contents
Page
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Fellpack Limited Company Information for the year ended 31 May 2024
Directors
John Butterfield Christopher Gill
Company Number
10758102 (England and Wales)
Registered Office
21 Main Street Keswick CA12 5BL England
Accountants
Goodbooks (Skipton) Ltd Duke House Duke Street Skipton North Yorkshire BD23 2HQ
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Fellpack Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
49,106 
55,234 
Tangible assets
1,705,379 
1,655,017 
1,754,485 
1,710,251 
Current assets
Inventories
29,500 
27,800 
Debtors
21,624 
8,157 
Cash at bank and in hand
182,680 
105,973 
233,804 
141,930 
Creditors: amounts falling due within one year
(611,118)
(467,712)
Net current liabilities
(377,314)
(325,782)
Total assets less current liabilities
1,377,171 
1,384,469 
Creditors: amounts falling due after more than one year
(871,758)
(939,182)
Net assets
505,413 
445,287 
Capital and reserves
Called up share capital
24 
24 
Share premium
99,996 
99,996 
Profit and loss account
405,393 
345,267 
Shareholders' funds
505,413 
445,287 
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
John Butterfield Director Company Registration No. 10758102
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Fellpack Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Fellpack Limited is a private company, limited by shares, registered in England and Wales, registration number 10758102. The registered office is 21 Main Street, Keswick, CA12 5BL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Leasehold improvements over the remaining term of the lease. Freehold buildings 1% straight line.
Fixtures & fittings
25% straight line.
Computer equipment
33.3% straight line.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Fellpack Limited Notes to the Accounts for the year ended 31 May 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 June 2023
62,001 
8,000 
70,001 
Additions
- 
2,210 
2,210 
At 31 May 2024
62,001 
10,210 
72,211 
Amortisation
At 1 June 2023
13,433 
1,334 
14,767 
Charge for the year
6,200 
2,138 
8,338 
At 31 May 2024
19,633 
3,472 
23,105 
Net book value
At 31 May 2024
42,368 
6,738 
49,106 
At 31 May 2023
48,568 
6,666 
55,234 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
1,696,304 
342,813 
3,294 
2,042,411 
Additions
54,096 
150,464 
1,913 
206,473 
At 31 May 2024
1,750,400 
493,277 
5,207 
2,248,884 
Depreciation
At 1 June 2023
232,352 
152,793 
2,249 
387,394 
Charge for the year
68,309 
86,798 
1,004 
156,111 
At 31 May 2024
300,661 
239,591 
3,253 
543,505 
Net book value
At 31 May 2024
1,449,739 
253,686 
1,954 
1,705,379 
At 31 May 2023
1,463,952 
190,020 
1,045 
1,655,017 
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Fellpack Limited Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
891 
2,451 
Accrued income and prepayments
12,513 
5,106 
Other debtors
8,220 
600 
21,624 
8,157 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,333 
18,824 
VAT
149,474 
84,088 
Trade creditors
90,939 
74,196 
Taxes and social security
71,427 
88,710 
Other creditors
182,138 
162,118 
Loans from directors
72,325 
22,825 
Accruals
2,923 
- 
Deferred income
23,559 
16,951 
611,118 
467,712 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
806,967 
824,183 
Other creditors
64,791 
114,999 
871,758 
939,182 
9
Transactions with related parties
At the reporting date the following amounts were owed to directors: Mr J C Butterfield £31,992 (2023 - £22,825) and Mr C Gill £40,333 (2023 - £nil). A further amount of £64,625 (2023 - £61,625) was owed to JX Consulting Limited, a company controlled by Mr Butterfield. These amounts are included within creditors and are unsecured, repayable on demand and accruing interest at 5% per annum. At the reporting date the following amounts were owed to shareholders: Mr P Sanchez £8,067 (2023 - £10,375), Mr J Appleton £8,067 (2023 - £10,375) and Ms J Brand £1,542 (2023 - £1,542). These amounts are included within creditors and are unsecured, repayable on demand and accruing interest at 5% per annum. At the reporting date the following amount was owed to shareholders: Mr T & Mrs P Parsons £64,791 (2023 - £114,999). A further £88,333 was payable to Think Design Deliver Limited, a company controlled by Mr T Parsons. These amounts are included in creditors and are unsecured, interest is payable at 5% and repayment is due within five years.
10
Average number of employees
During the year the average number of employees was 65 (2023: 51).
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