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FAIRFIELDS CREATIONS LIMITED

Registered Number
05232006
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

FAIRFIELDS CREATIONS LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

MCGILLOWAY, Geoffrey Patrick

Registered Address

Unit 11 Broadgate House
Westlode Street
Spalding
PE11 2AF

Registered Number

05232006 (England and Wales)
FAIRFIELDS CREATIONS LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,76115,766
14,76115,766
Current assets
Debtors33,73329,102
Cash at bank and on hand178,059148,952
211,792178,054
Creditors amounts falling due within one year4(21,405)(11,524)
Net current assets (liabilities)190,387166,530
Total assets less current liabilities205,148182,296
Net assets205,148182,296
Capital and reserves
Called up share capital450450
Profit and loss account204,698181,846
Shareholders' funds205,148182,296
The financial statements were approved and authorised for issue by the Director on 5 December 2024, and are signed on its behalf by:
MCGILLOWAY, Geoffrey Patrick
Director
Registered Company No. 05232006
FAIRFIELDS CREATIONS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Vehicles20-
Office Equipment-3
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 October 2340,05744,1592,29286,508
Additions--442442
At 30 September 2440,05744,1592,73486,950
Depreciation and impairment
At 01 October 2337,28028,7064,75670,742
Charge for year6633,1017644,528
On disposals--(3,081)(3,081)
At 30 September 2437,94331,8072,43972,189
Net book value
At 30 September 242,11412,35229514,761
At 30 September 232,77715,453(2,464)15,766
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,8353,977
Taxation and social security12,3267,101
Other creditors1,244446
Total21,40511,524
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year