Company registration number 07262834 (England and Wales)
FAUXDEGLA SHOOTING GROUND LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
FAUXDEGLA SHOOTING GROUND LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
FAUXDEGLA SHOOTING GROUND LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
113,126
44,319
Current assets
Stocks
25,808
20,775
Debtors
5
17,443
12,300
Cash at bank and in hand
34,572
18,034
77,823
51,109
Creditors: amounts falling due within one year
6
(95,483)
(55,655)
Net current liabilities
(17,660)
(4,546)
Total assets less current liabilities
95,466
39,773
Creditors: amounts falling due after more than one year
7
(86,128)
(31,870)
Provisions for liabilities
(9,201)
(7,727)
Net assets
137
176
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
37
76
Total equity
137
176

The notes on pages 3 to 7 form part of these financial statements.

FAUXDEGLA SHOOTING GROUND LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for:

 

 

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 May 2025 and are signed on its behalf by:
Mr M Faux
Director
Company registration number 07262834 (England and Wales)
FAUXDEGLA SHOOTING GROUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information

Fauxdegla Shooting Ground Limited is a private company limited by shares incorporated in England and Wales. The registered office is St Andrews House, Yale Business Village, Ellice Way, Wrexham, Wrexham CB, LL13 7YL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover for the year represents net sales of services provided, excluding value added tax.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% on reducing balance
Fixtures and fittings
20% on reducing balance
Office equipment
33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

FAUXDEGLA SHOOTING GROUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
FAUXDEGLA SHOOTING GROUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
14,000
Amortisation and impairment
At 1 September 2023 and 31 August 2024
14,000
Carrying amount
At 31 August 2024
-
0
At 31 August 2023
-
0
4
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Office equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2023
129,609
17,410
8,799
13,750
169,568
Additions
5,250
2,893
449
75,000
83,592
At 31 August 2024
134,859
20,303
9,248
88,750
253,160
Depreciation and impairment
At 1 September 2023
95,477
10,112
8,041
11,619
125,249
Depreciation charged in the year
7,071
1,563
931
5,220
14,785
At 31 August 2024
102,548
11,675
8,972
16,839
140,034
Carrying amount
At 31 August 2024
32,311
8,628
276
71,911
113,126
At 31 August 2023
34,132
7,298
758
2,131
44,319
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
9,840
-
0
Other debtors
4,893
9,391
Prepayments and accrued income
2,710
2,909
17,443
12,300
FAUXDEGLA SHOOTING GROUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,600
5,600
Trade creditors
41,156
34,414
Corporation tax
11,405
5,648
Other taxation and social security
9,528
6,449
Other creditors
27,794
3,544
95,483
55,655
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
26,345
31,870
Other creditors
59,783
-
0
86,128
31,870
8
Operating lease commitments
Lessee

Amounts recognised in profit or loss as an expense during the period in respect of operating lease arrangements are as follows:

2024
2023
£
£
21,800
21,800
FAUXDEGLA SHOOTING GROUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 7 -
9
Directors' transactions

The company operates a loan account with the directors. No interest is being charged on the loan and the balance is repayable on demand.

 

The company was under control of the director, Mr M Faux and his Spouse, Mrs D Faux, who each held 50% of the issued share capital for the whole of the period under review.

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr and Mrs Faux
-
9,391
74,629
(79,528)
4,492
9,391
74,629
(79,528)
4,492
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