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Company registration number: 00841538







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2024


FITZMAURICE CARRIERS LIMITED






































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FITZMAURICE CARRIERS LIMITED
 


 
COMPANY INFORMATION


Directors
A.M. Burgess 
K.N. Abrehart 




Company secretary
A.M. Burgess



Registered number
00841538



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


FITZMAURICE CARRIERS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 


FITZMAURICE CARRIERS LIMITED
REGISTERED NUMBER:00841538



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
211,981
232,566

  
211,981
232,566

Current assets
  

Stocks
 6 
23,202
35,519

Debtors: amounts falling due within one year
 7 
1,030,908
1,021,757

Cash at bank and in hand
  
343,331
212,240

  
1,397,441
1,269,516

Creditors: amounts falling due within one year
 8 
(424,670)
(488,689)

Net current assets
  
 
 
972,771
 
 
780,827

Total assets less current liabilities
  
1,184,752
1,013,393

Creditors: amounts falling due after more than one year
 9 
-
(26,679)

Provisions for liabilities
  

Deferred tax
  
(38,543)
(39,422)

  
 
 
(38,543)
 
 
(39,422)

Net assets
  
1,146,209
947,292


Capital and reserves
  

Allotted, called up and fully paid share capital
  
90,024
90,024

Profit and loss account
  
1,056,185
857,268

  
1,146,209
947,292


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A.M. Burgess
................................................
K.N. Abrehart
Director
Director


Page 1

 


FITZMAURICE CARRIERS LIMITED
REGISTERED NUMBER:00841538


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

Date: 14 February 2025
Date:14 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


FITZMAURICE CARRIERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Fitzmaurice Carriers Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The principal place of business is Avian Way, Salhouse Road, Norwich, Norfolk, NR7 9AJ.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised from the haulage, storage and handling facilities provided to retail customers. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue derived from haulage, storage and handling facilities to retail customers is recognised in the period in which the services are provided when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


FITZMAURICE CARRIERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
40%
Fixtures and fittings
-
15%
Other fixed assets
-
5%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


FITZMAURICE CARRIERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete stock.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimate. 

Due to the simplicity of the Company's financial operations, the directors consider there to be no critical judgements, estimates and assumptions used in the preparation of these financial statements.


4.


Employees

The average monthly number of employees, including directors (who were unpaid), during the year was 55 (2023 -59).

Page 5

 


FITZMAURICE CARRIERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 December 2023
138,073
1,137,167
249,446
12,500
1,537,186


Additions
7,822
53,200
-
-
61,022


Disposals
(19,857)
(10,500)
-
-
(30,357)



At 30 November 2024

126,038
1,179,867
249,446
12,500
1,567,851



Depreciation


At 1 December 2023
128,043
958,169
217,997
411
1,304,620


Charge for the year on owned assets
2,199
67,831
4,406
591
75,027


Disposals
(18,936)
(4,841)
-
-
(23,777)



At 30 November 2024

111,306
1,021,159
222,403
1,002
1,355,870



Net book value



At 30 November 2024
14,732
158,708
27,043
11,498
211,981



At 30 November 2023
10,030
178,998
31,449
12,089
232,566


6.


Stocks

2024
2023
£
£

Fuel and vehicle parts
23,202
35,519

23,202
35,519


7.


Debtors

2024
2023
£
£


Trade debtors
338,412
358,858

Amounts owed by group undertakings
230,000
193,437

Amounts owed by related undertakings
264,798
245,019

Other debtors
-
1,361

Prepayments and accrued income
197,698
223,082

1,030,908
1,021,757


Page 6

 


FITZMAURICE CARRIERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
128,158
124,909

Amounts owed to group undertakings
19,900
20,353

Amounts owed to related undertakings
2,343
2,277

Corporation tax
48,224
16,945

Other taxation and social security
136,973
108,256

Obligations under finance lease and hire purchase contracts
27,696
112,795

Other creditors
6,311
28

Accruals and deferred income
55,065
103,126

424,670
488,689



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
26,679

-
26,679



10.


Contingent liabilities

A contingent liability exists at the accounting date in respect of an unlimited cross-guarantee and a debenture, secured on all of the company's assets, given to/by specific other companies with common shareholders, being Lenham Garages Limited, Lenham Storage (Midlands) Limited, Lenham Storage (Southern) Limited and Lenham Storage Company Limited in order to secure their banking facilities.


11.


Related party transactions

During the year there were transactions with companies in which the parent company's shareholders K. N. Abrehart  and D. J. Abrehart, have controlling interests. The company involved is Lenham Storage Company Limited.
Total sales in the year to Lenham Storage Company amounted to £1,445,988 (
2023 - £1,288,278). Total purchases in the year amounted to £250,033 (2023 - £56,773).
Included within amounts owed by related parties is Lenham Storage Company of £264,798 (
2023 - £245,019)
Included in amounts owed to related parties is Lenham Storage Company of £2,343 (
2023 - £2,277)
The Company has taken advantage of the provisions in FRS 102 not to disclose transactions with its parent company on the grounds that Fitzmaurice Carriers Limited is a 100% subsidiary of Lenham Storage (Midlands) Limited.

Page 7

 


FITZMAURICE CARRIERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

12.


Auditors' information

The auditors' report on the financial statements for the year ended 30 November 2024 was unqualified.

The audit report was signed on 25 February 2025 by Andrew Hookway FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 8