M F Fennell and Company Limited 00267576 false 2024-04-05 2025-04-03 2025-04-03 The principal activity of the company is the wholesale of carrots, parsnips, swedes, coal and logs Digita Accounts Production Advanced 6.30.9574.0 true true 00267576 2024-04-05 2025-04-03 00267576 2025-04-03 00267576 core:OtherReservesSubtotal 2025-04-03 00267576 core:RetainedEarningsAccumulatedLosses 2025-04-03 00267576 core:ShareCapital 2025-04-03 00267576 core:CurrentFinancialInstruments 2025-04-03 00267576 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-03 00267576 core:FurnitureFittingsToolsEquipment 2025-04-03 00267576 bus:SmallEntities 2024-04-05 2025-04-03 00267576 bus:AuditExemptWithAccountantsReport 2024-04-05 2025-04-03 00267576 bus:FilletedAccounts 2024-04-05 2025-04-03 00267576 bus:SmallCompaniesRegimeForAccounts 2024-04-05 2025-04-03 00267576 bus:RegisteredOffice 2024-04-05 2025-04-03 00267576 bus:CompanySecretaryDirector2 2024-04-05 2025-04-03 00267576 bus:Director4 2024-04-05 2025-04-03 00267576 bus:PrivateLimitedCompanyLtd 2024-04-05 2025-04-03 00267576 core:FurnitureFittingsToolsEquipment 2024-04-05 2025-04-03 00267576 core:OfficeEquipment 2024-04-05 2025-04-03 00267576 core:AllAssociates 2024-04-05 2025-04-03 00267576 countries:EnglandWales 2024-04-05 2025-04-03 00267576 2024-04-04 00267576 core:FurnitureFittingsToolsEquipment 2024-04-04 00267576 2023-03-31 2024-04-04 00267576 2024-04-04 00267576 core:OtherReservesSubtotal 2024-04-04 00267576 core:RetainedEarningsAccumulatedLosses 2024-04-04 00267576 core:ShareCapital 2024-04-04 00267576 core:CurrentFinancialInstruments 2024-04-04 00267576 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-04 00267576 core:FurnitureFittingsToolsEquipment 2024-04-04 iso4217:GBP xbrli:pure

Registration number: 00267576

M F Fennell and Company Limited

Annual Report and Unaudited Filleted Financial Statements

for the Period from 5 April 2024 to 3 April 2025

 

M F Fennell and Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

M F Fennell and Company Limited

Company Information

Directors

J P Fountain

Mrs N J Fountain

Company secretary

J P Fountain

Registered office

46/48 Wellington Mews
Hastings
East Sussex
TN34 1QJ

Accountants

Manningtons
Chartered Accountants
39 High Street
Battle
East Sussex
TN33 0EE

 

M F Fennell and Company Limited

(Registration number: 00267576)
Balance Sheet as at 3 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

19

25

Current assets

 

Debtors

5

461,048

475,801

Cash at bank and in hand

 

1,406

79

 

462,454

475,880

Creditors: Amounts falling due within one year

6

(1,107)

(1,322)

Net current assets

 

461,347

474,558

Net assets

 

461,366

474,583

Capital and reserves

 

Called up share capital

1,500

1,500

Other reserves

1,828

1,828

Retained earnings

458,038

471,255

Shareholders' funds

 

461,366

474,583

For the financial period ending 3 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 period 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 3 June 2025 and signed on its behalf by:
 

.........................................
Mrs N J Fountain
Director

 

M F Fennell and Company Limited

Notes to the Unaudited Financial Statements for the Period from 5 April 2024 to 3 April 2025

1

General information

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

The address of its registered office is:
46/48 Wellington Mews
Hastings
East Sussex
TN34 1QJ

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of vegetables and coal 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

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 corporation 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.

 

M F Fennell and Company Limited

Notes to the Unaudited Financial Statements for the Period from 5 April 2024 to 3 April 2025

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

25% reducing balance basis

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. 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.

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 directors) during the period, was 2 (2024 - 4).

 

M F Fennell and Company Limited

Notes to the Unaudited Financial Statements for the Period from 5 April 2024 to 3 April 2025

4

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 5 April 2024

464

464

At 3 April 2025

464

464

Depreciation

At 5 April 2024

439

439

Charge for the period

6

6

At 3 April 2025

445

445

Carrying amount

At 3 April 2025

19

19

At 4 April 2024

25

25

5

Debtors

Note

2025
£

2024
£

Amount owed by associated company

7

460,986

475,801

Other debtors

 

62

-

Total current trade and other debtors

 

461,048

475,801

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

-

65

Accruals and deferred income

1,100

1,250

Other creditors

7

7

1,107

1,322

 

M F Fennell and Company Limited

Notes to the Unaudited Financial Statements for the Period from 5 April 2024 to 3 April 2025

7

Related party transactions

Summary of transactions with associates

The company sold goods amounting to £32,752 during the accounting period to its associated company J Fountain & Sons Limited. At the balance sheet date the amount due from J Fountain & Sons Limited was £460,986 (2024 - £475,801).