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Registration number: 05715058

Farrington Worldwide (UK) Ltd

Unaudited Filleted Abridged Financial Statements

for the Period from 29 February 2024 to 28 February 2025

 

Farrington Worldwide (UK) Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Farrington Worldwide (UK) Ltd

(Registration number: 05715058)
Abridged Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

459

1,014

Current assets

 

Stocks

1,200

1,200

Debtors

106,917

193,261

Cash at bank and in hand

 

187,411

126,633

 

295,528

321,094

Prepayments and accrued income

 

169

189

Creditors: Amounts falling due within one year

(29,478)

(32,336)

Net current assets

 

266,219

288,947

Total assets less current liabilities

 

266,678

289,961

Provisions for liabilities

(103)

(234)

Accruals and deferred income

 

(600)

(4,767)

Net assets

 

265,975

284,960

Capital and reserves

 

Called up share capital

5

1,000

1,000

Retained earnings

264,975

283,960

Shareholders' funds

 

265,975

284,960

 

Farrington Worldwide (UK) Ltd

(Registration number: 05715058)
Abridged Balance Sheet as at 28 February 2025

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 6 June 2025
 

.........................................
Mr A J Stowell
Director

 

Farrington Worldwide (UK) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 29 February 2024 to 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 11a Farrington Road
Off Rossendale Industrial Estate
Burnley
Lancashire
BB11 5SW

These financial statements were authorised for issue by the director on 6 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Farrington Worldwide (UK) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 29 February 2024 to 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Farrington Worldwide (UK) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 29 February 2024 to 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

 

Farrington Worldwide (UK) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 29 February 2024 to 28 February 2025

4

Tangible assets

Total
£

Cost

At 29 February 2024

7,211

At 28 February 2025

7,211

Depreciation

At 29 February 2024

6,197

Charge for the period

555

At 28 February 2025

6,752

Net book value

At 28 February 2025

459

At 28 February 2024

1,014

5

Share capital

Allotted, called up and fully paid shares

2021

2020

No.

£

No.

£

Ordinary A shares of £1 each

235

235

120

120

Ordinary B shares of £1 each

235

235

30

30

Ordinary C shares of £1 each

30

30

20

30

Ordinary D shares of £1 each

30

30

-

-

Ordinary E shares of £1 each

235

235

-

-

Ordinary F shares of £1 each

235

235

-

-

1,000

1,000

170

170