Company Registration No. 04056806 (England and Wales)
FALLOW MANAGEMENT LIMITED
Unaudited accounts
for the year ended 31 August 2024
FALLOW MANAGEMENT LIMITED
Unaudited accounts
Contents
FALLOW MANAGEMENT LIMITED
Company Information
for the year ended 31 August 2024
Directors
Ms. Tracey Scott-Fox
Mrs Sharon Mottram
Company Number
04056806 (England and Wales)
Registered Office
443A MAIDSTONE ROAD
GILLINGHAM
ME8 0HY
ENGLAND
Accountants
MCC Partners
1a Saddington Street
Gravesend
Kent
DA12 1ED
FALLOW MANAGEMENT LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
26,061
18,225
Cash at bank and in hand
326,851
255,899
Creditors: amounts falling due within one year
(633,777)
(597,083)
Net current assets
581,664
595,827
Total assets less current liabilities
607,725
614,052
Creditors: amounts falling due after more than one year
(39,137)
(33,072)
Provisions for liabilities
Deferred tax
(4,951)
(4,346)
Net assets
563,637
576,634
Called up share capital
115
115
Profit and loss account
563,522
576,519
Shareholders' funds
563,637
576,634
For the year ending 31 August 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 15 January 2025 and were signed on its behalf by
Mrs Sharon Mottram
Director
Company Registration No. 04056806
FALLOW MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 August 2024
FALLOW MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04056806. The registered office is 443A MAIDSTONE ROAD, GILLINGHAM, ME8 0HY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
-10% per Annum on cost
Plant & machinery
-25% per annum on cost
Motor vehicles
-25% reducing balance
Fixtures & fittings
-25% per annum on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2023
43,114
At 1 September 2023
43,114
FALLOW MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
338,342
39,222
62,522
440,086
Additions
17,400
-
635
18,035
At 31 August 2024
355,742
39,222
63,157
458,121
At 1 September 2023
338,341
22,949
60,571
421,861
Charge for the year
4,350
4,068
1,781
10,199
At 31 August 2024
342,691
27,017
62,352
432,060
At 31 August 2024
13,051
12,205
805
26,061
At 31 August 2023
1
16,273
1,951
18,225
Amounts falling due within one year
Trade debtors
980,987
783,364
Accrued income and prepayments
186,457
103,894
Other debtors
(327,594)
1,903
7
Investments held as current assets
2024
2023
Unlisted investments
42,000
42,000
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,500
8,500
Trade creditors
78,511
92,377
Taxes and social security
127,082
118,487
Other creditors
19,619
86,341
Loans from directors
7,077
6,907
FALLOW MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 August 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
14,465
-
10
Average number of employees
During the year the average number of employees was 220 (2023: 220).