REGISTERED NUMBER: 05961224 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Fields of Anlaby Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Fields

Mrs J L Fields

REGISTERED OFFICE:

7 Hull Road

Anlaby

Hull

East Yorkshire

HU10 6SP

REGISTERED NUMBER:

05961224 (England and Wales)

ACCOUNTANTS:

Harris Lacey and Swain

Suite 1

The Riverside Building

Hessle

East Yorkshire

HU13 0DZ

FIXED ASSETS

Tangible assets

4

60,008

78,359

CURRENT ASSETS

Stocks

24,128

23,590

Debtors

5

79,356

75,111

Cash at bank and in hand

159,131

113,215

262,615

211,916

CREDITORS

Amounts falling due within one year

6

195,015

147,823

NET CURRENT ASSETS

67,600

64,093

TOTAL ASSETS LESS CURRENT LIABILITIES

127,608

142,452

CREDITORS

Amounts falling due after more than one year

7

(16,071

)

(34,751

)

PROVISIONS FOR LIABILITIES

(13,288

)

(15,633

)

NET ASSETS

98,249

92,068

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

98,247

92,066

SHAREHOLDERS' FUNDS

98,249

92,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:

B Fields - Director

Mrs J L Fields - Director

1.	STATUTORY INFORMATION

Fields of Anlaby Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Estimates and judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the group and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

Sale of goods - retail

The company operates a retail shop, café and food vans for the sale of butchery, bakery and deli products. Sales of goods are recognised on sale to the customer, which is considered the point of delivery. Retail sales are usually by cash, credit or payment card.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2023

298,213

119,569

-

417,782

Additions

2,164

-

2,359

4,523

Disposals

-

(42,581

)

-

(42,581

)

At 31 October 2024

300,377

76,988

2,359

379,724

DEPRECIATION

At 1 November 2023

237,384

102,039

-

339,423

Charge for year

12,599

9,686

590

22,875

Eliminated on disposal

-

(42,582

)

-

(42,582

)

At 31 October 2024

249,983

69,143

590

319,716

NET BOOK VALUE

At 31 October 2024

50,394

7,845

1,769

60,008

At 31 October 2023

60,829

17,530

-

78,359

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,909

2,738

Other debtors

77,447

72,373

79,356

75,111

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

8,680

12,713

Trade creditors

106,400

82,699

Taxation and social security

47,255

30,997

Other creditors

22,680

11,414

195,015

147,823

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,834

15,834

Hire purchase contracts

10,237

18,917

16,071

34,751

8.	RELATED PARTY DISCLOSURES