B.Fearn(Ollerton)Limited 00364942 false 2024-04-06 2025-04-05 2025-04-05 The principal activity of the company is vehicle servicing and repair department on a labour hour basis Digita Accounts Production Advanced 6.30.9574.0 true 00364942 2024-04-06 2025-04-05 00364942 2025-04-05 00364942 bus:OrdinaryShareClass1 2025-04-05 00364942 core:CurrentFinancialInstruments 2025-04-05 00364942 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-05 00364942 core:OtherPropertyPlantEquipment 2025-04-05 00364942 bus:SmallEntities 2024-04-06 2025-04-05 00364942 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 00364942 bus:FilletedAccounts 2024-04-06 2025-04-05 00364942 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 00364942 bus:RegisteredOffice 2024-04-06 2025-04-05 00364942 bus:Director1 2024-04-06 2025-04-05 00364942 bus:Director2 2024-04-06 2025-04-05 00364942 bus:OrdinaryShareClass1 2024-04-06 2025-04-05 00364942 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 00364942 core:PlantMachinery 2024-04-06 2025-04-05 00364942 countries:England 2024-04-06 2025-04-05 00364942 2024-04-05 00364942 core:OtherPropertyPlantEquipment 2024-04-05 00364942 2023-04-06 2024-04-05 00364942 2024-04-05 00364942 bus:OrdinaryShareClass1 2024-04-05 00364942 core:CurrentFinancialInstruments 2024-04-05 00364942 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-05 00364942 core:OtherPropertyPlantEquipment 2024-04-05 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00364942

B.Fearn(Ollerton)Limited

trading as B Fearn (Ollerton) Limited

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2025

 

B.Fearn(Ollerton)Limited

trading as B Fearn (Ollerton) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

B.Fearn(Ollerton)Limited

trading as B Fearn (Ollerton) Limited

Company Information

Directors

Mr RD Yeardley

Mrs P Yeardley

Registered office

Tuxford Road Garage
Boughton
Newark
Nottinghamshire.
NG22 9HT

 

B.Fearn(Ollerton)Limited

trading as B Fearn (Ollerton) Limited

(Registration number: 00364942)
Balance Sheet as at 5 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

25,148

25,230

Cash at bank and in hand

 

2,740

630

 

27,888

25,860

Creditors: Amounts falling due within one year

6

(2,015)

(2,246)

Net current assets

 

25,873

23,614

Net assets

 

25,874

23,615

Capital and reserves

 

Called up share capital

7

5,300

5,300

Retained earnings

20,574

18,315

Shareholders' funds

 

25,874

23,615

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 June 2025 and signed on its behalf by:
 

.........................................
Mr RD Yeardley
Director

.........................................
Mrs P Yeardley
Director

 

B.Fearn(Ollerton)Limited

trading as B Fearn (Ollerton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1

General information

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

The address of its registered office is:
Tuxford Road Garage
Boughton
Newark
Nottinghamshire.
NG22 9HT

The principal place of business is:
Tuxford Road Garage
Boughton
Newark
Nottinghamshire.
NG22 9HT

These financial statements were authorised for issue by the Board on 5 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 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 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 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.

 

B.Fearn(Ollerton)Limited

trading as B Fearn (Ollerton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

The current income 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.

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

Plant and machinery

20% straight line

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.

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.

 

B.Fearn(Ollerton)Limited

trading as B Fearn (Ollerton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

B.Fearn(Ollerton)Limited

trading as B Fearn (Ollerton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 6 April 2024

1,416

1,416

At 5 April 2025

1,416

1,416

Depreciation

At 6 April 2024

1,415

1,415

At 5 April 2025

1,415

1,415

Carrying amount

At 5 April 2025

1

1

At 5 April 2024

1

1

5

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

6,897

6,372

Amounts owed by related parties

18,251

18,858

   

25,148

25,230

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

888

1,216

Accruals and deferred income

1,129

1,029

Other creditors

(2)

1

2,015

2,246

7

Share capital

Allotted, called up and fully paid shares

 

B.Fearn(Ollerton)Limited

trading as B Fearn (Ollerton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

5,300

5,300

5,300

5,300