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REGISTERED NUMBER: 05348281 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Fisher & Wood (G.C.) Limited

Fisher & Wood (G.C.) Limited (Registered number: 05348281)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fisher & Wood (G.C.) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr O J A Roe
Mrs E M Roe





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 05348281 (England and Wales)

Fisher & Wood (G.C.) Limited (Registered number: 05348281)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 3,461 4,081
Tangible assets 6 617,825 548,317
621,286 552,398

CURRENT ASSETS
Stocks 152,327 134,282
Debtors 7 959,968 1,015,774
Cash at bank and in hand 451,572 302,909
1,563,867 1,452,965
CREDITORS
Amounts falling due within one year 8 1,030,292 919,681
NET CURRENT ASSETS 533,575 533,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,154,861

1,085,682

CREDITORS
Amounts falling due after more than one year 9 (139,068 ) (187,686 )

PROVISIONS FOR LIABILITIES (48,709 ) (29,380 )
NET ASSETS 967,084 868,616

CAPITAL AND RESERVES
Called up share capital 39 39
Revaluation reserve 12 198,916 199,159
Capital redemption reserve 21 21
Retained earnings 768,108 669,397
SHAREHOLDERS' FUNDS 967,084 868,616

Fisher & Wood (G.C.) Limited (Registered number: 05348281)

Balance Sheet - continued
30 September 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 30 April 2025 and were signed on its behalf by:




Mr O J A Roe - Director



Mrs E M Roe - Director


Fisher & Wood (G.C.) Limited (Registered number: 05348281)

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


1. STATUTORY INFORMATION

Fisher & Wood (G.C.) Limited is a private company, limited by shares , registered in England and Wales. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - over the remaining life of the lease
Plant and machinery etc - 25% on reducing balance

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

Fisher & Wood (G.C.) Limited (Registered number: 05348281)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

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.

Fisher & Wood (G.C.) Limited (Registered number: 05348281)

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


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Invoice discounting
The company undertakes sales invoice financing. The full amount of trade debtors is shown in the balance sheet, with amounts drawn down and due to the finance company shown in other creditors and amounts to be drawn down and due to the company shown within cash at bank.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 39 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 6,200
AMORTISATION
At 1 October 2023 2,119
Charge for year 620
At 30 September 2024 2,739
NET BOOK VALUE
At 30 September 2024 3,461
At 30 September 2023 4,081

Fisher & Wood (G.C.) Limited (Registered number: 05348281)

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


6. TANGIBLE FIXED ASSETS
Plant and
Long machinery
leasehold etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 476,771 247,364 724,135
Additions - 133,728 133,728
Disposals - (38,433 ) (38,433 )
At 30 September 2024 476,771 342,659 819,430
DEPRECIATION
At 1 October 2023 24,499 151,319 175,818
Charge for year 453 55,336 55,789
Eliminated on disposal - (30,002 ) (30,002 )
At 30 September 2024 24,952 176,653 201,605
NET BOOK VALUE
At 30 September 2024 451,819 166,006 617,825
At 30 September 2023 452,272 96,045 548,317

Cost or valuation at 30 September 2024 is represented by:

Plant and
Long machinery
leasehold etc Totals
£    £    £   
Valuation in 2015 25,000 - 25,000
Valuation in 2018 25,000 - 25,000
Valuation in 2019 38,921 - 38,921
Valuation in 2023 127,066 - 127,066
Cost 260,784 342,659 603,443
476,771 342,659 819,430

If the building had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 211,079 211,079
Aggregate depreciation 2,185 1,976

The property has been valued at open market value by the company directors.

Fisher & Wood (G.C.) Limited (Registered number: 05348281)

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


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 October 2023 45,995
Additions 127,951
At 30 September 2024 173,946
DEPRECIATION
At 1 October 2023 3,342
Charge for year 40,487
At 30 September 2024 43,829
NET BOOK VALUE
At 30 September 2024 130,117
At 30 September 2023 42,653

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 889,032 949,717
Other debtors 70,936 66,057
959,968 1,015,774

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 74,721 77,507
Hire purchase contracts (see note 10) 25,598 9,135
Trade creditors 707,266 458,941
Taxation and social security 155,571 98,417
Other creditors 67,136 275,681
1,030,292 919,681

Fisher & Wood (G.C.) Limited (Registered number: 05348281)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 91,105 165,826
Hire purchase contracts (see note 10) 47,963 21,860
139,068 187,686

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,150 14,862

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 25,598 9,135
Between one and five years 47,963 21,860
73,561 30,995

Non-cancellable operating leases
2024 2023
£    £   
Within one year 223,488 208,247
Between one and five years 295,446 430,264
518,934 638,511

11. SECURED DEBTS

On 22 October 2010, Lloyds TSB Commercial Finance Limited secured a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

On 10 October 2014, Barclays Bank PLC secured a legal charge over the property held by the company.

On 16 October 2014, Barclays Bank PLC secured a fixed and floating charge, including a negative pledge, over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

Fisher & Wood (G.C.) Limited (Registered number: 05348281)

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


12. RESERVES
Revaluation
reserve
£   
At 1 October 2023 199,159
Transfer between revaluation reserve and
profit and loss

(243

)


At 30 September 2024 198,916