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REGISTERED NUMBER: 01630706 (England and Wales)















Unaudited Financial Statements for the Year Ended 5th May 2024

for

Faversham Plant Limited

Faversham Plant Limited (Registered number: 01630706)






Contents of the Financial Statements
for the Year Ended 5th May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Faversham Plant Limited

Company Information
for the Year Ended 5th May 2024







DIRECTORS: Mr K W Fuller
Mrs D A Fuller
Miss D L Fuller





SECRETARY: Mr K W Fuller





REGISTERED OFFICE: 39 Abbeyfields
Faversham
Kent
ME13 8HS





REGISTERED NUMBER: 01630706 (England and Wales)





ACCOUNTANTS: CWW Accountants
153 Mortimer Street
Herne Bay
Kent
CT6 5HA

Faversham Plant Limited (Registered number: 01630706)

Balance Sheet
5th May 2024

5.5.24 5.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,150,285 1,183,425

CURRENT ASSETS
Stocks 30,000 32,000
Debtors 5 65,548 12,397
Cash at bank and in hand 43,335 35,145
138,883 79,542
CREDITORS
Amounts falling due within one year 6 908,578 774,870
NET CURRENT LIABILITIES (769,695 ) (695,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,590

488,097

CREDITORS
Amounts falling due after more than one year 7 19,061 31,949
NET ASSETS 361,529 456,148

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 8 585,000 585,000
Retained earnings (233,471 ) (138,852 )
SHAREHOLDERS' FUNDS 361,529 456,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th May 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 30th April 2025 and were signed on its behalf by:




Miss D L Fuller - Director


Faversham Plant Limited (Registered number: 01630706)

Notes to the Financial Statements
for the Year Ended 5th May 2024

1. STATUTORY INFORMATION

Faversham Plant 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.

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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% 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.

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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Faversham Plant Limited (Registered number: 01630706)

Notes to the Financial Statements - continued
for the Year Ended 5th May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 6th May 2023 850,000 696,124 1,546,124
Additions - 21,793 21,793
At 5th May 2024 850,000 717,917 1,567,917
DEPRECIATION
At 6th May 2023 - 362,699 362,699
Charge for year - 54,933 54,933
At 5th May 2024 - 417,632 417,632
NET BOOK VALUE
At 5th May 2024 850,000 300,285 1,150,285
At 5th May 2023 850,000 333,425 1,183,425

Faversham Plant Limited (Registered number: 01630706)

Notes to the Financial Statements - continued
for the Year Ended 5th May 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 5th May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 850,000 696,124 1,546,124

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 850,000
850,000

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
IMPROVEMENTS TO PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 414,212
Additions 21,793
436,005

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
PLANT AND MACHINERY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 279,567
279,567

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 2,071
2,071

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
COMPUTER EQUIPMENT

Faversham Plant Limited (Registered number: 01630706)

Notes to the Financial Statements - continued
for the Year Ended 5th May 2024

4. TANGIBLE FIXED ASSETS - continued

'COST' ACCOUNT TOTAL
Cost/valuation b/f 274
274

CLIENT SCREEN TOTAL = -


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.5.24 5.5.23
£    £   
Trade debtors 65,548 12,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.5.24 5.5.23
£    £   
** Suspense account ** 81,247 -
Bank loans and overdrafts 38,426 20,174
Hire purchase contracts 4,082 9,397
Trade creditors 121,318 86,181
Taxation and social security 35,235 30,150
Other creditors 628,270 628,968
908,578 774,870

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.5.24 5.5.23
£    £   
Bank loans 14,258 24,368
Hire purchase contracts 4,803 7,581
19,061 31,949

8. RESERVES
Revaluation
reserve
£   
At 6th May 2023
and 5th May 2024 585,000