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REGISTERED NUMBER: 10830454















THE FALCON BRIDGNORTH LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






THE FALCON BRIDGNORTH LIMITED (REGISTERED NUMBER: 10830454)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

THE FALCON BRIDGNORTH LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M A Owen
K A Owen





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 10830454





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

THE FALCON BRIDGNORTH LIMITED (REGISTERED NUMBER: 10830454)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,143 217,900

CURRENT ASSETS
Stocks 6,295 6,230
Debtors 5 6,123 4,232
Cash at bank and in hand 191,813 121,284
204,231 131,746
CREDITORS
Amounts falling due within one year 6 485,714 521,217
NET CURRENT LIABILITIES (281,483 ) (389,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(114,340

)

(171,571

)

CREDITORS
Amounts falling due after more than one year 7 15,735 25,740
NET LIABILITIES (130,075 ) (197,311 )

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings (130,165 ) (197,401 )
(130,075 ) (197,311 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

THE FALCON BRIDGNORTH LIMITED (REGISTERED NUMBER: 10830454)

Balance Sheet - continued
30 June 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 20 March 2025 and were signed on its behalf by:





M A Owen - Director


THE FALCON BRIDGNORTH LIMITED (REGISTERED NUMBER: 10830454)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

The Falcon Bridgnorth Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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.
Leasehold property - 15% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Equipment - 10% on cost
Website - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


THE FALCON BRIDGNORTH LIMITED (REGISTERED NUMBER: 10830454)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 127,567 8,600 180,125
Additions - - 823
At 30 June 2024 127,567 8,600 180,948
DEPRECIATION
At 1 July 2023 85,360 4,300 78,410
Charge for year 19,135 860 18,019
At 30 June 2024 104,495 5,160 96,429
NET BOOK VALUE
At 30 June 2024 23,072 3,440 84,519
At 30 June 2023 42,207 4,300 101,715

THE FALCON BRIDGNORTH LIMITED (REGISTERED NUMBER: 10830454)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS - continued

Equipment Website Totals
£    £    £   
COST
At 1 July 2023 134,958 4,450 455,700
Additions 378 - 1,201
At 30 June 2024 135,336 4,450 456,901
DEPRECIATION
At 1 July 2023 67,297 2,433 237,800
Charge for year 13,499 445 51,958
At 30 June 2024 80,796 2,878 289,758
NET BOOK VALUE
At 30 June 2024 54,540 1,572 167,143
At 30 June 2023 67,661 2,017 217,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,200 -
Prepayments 4,923 4,232
6,123 4,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,005 9,863
Trade creditors 25,111 21,492
Social security and other taxes 24,462 21,397
Other creditors - 3,089
Amounts owed to shareholders 102,594 102,594
Directors' current accounts 300,422 300,422
Accrued expenses 23,120 62,360
485,714 521,217

THE FALCON BRIDGNORTH LIMITED (REGISTERED NUMBER: 10830454)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 10,398 10,005
Bank loans - 2-5 years 5,337 15,735
15,735 25,740

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Falcon Bridgnorth 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 The Falcon Bridgnorth Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 The Falcon Bridgnorth 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 The Falcon Bridgnorth Limited and state those matters that we have agreed to state to the Board of Directors of The Falcon Bridgnorth 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 The Falcon Bridgnorth Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Falcon Bridgnorth 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 The Falcon Bridgnorth Limited. You consider that The Falcon Bridgnorth 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 The Falcon Bridgnorth 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


20 March 2025