14 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,750 3,750 xbrli:pure xbrli:shares iso4217:GBP 04459941 2024-01-01 2024-12-31 04459941 2024-12-31 04459941 2023-12-31 04459941 2023-01-01 2023-12-31 04459941 2023-12-31 04459941 2022-12-31 04459941 core:NetGoodwill 2024-01-01 2024-12-31 04459941 core:LandBuildings core:ShortLeaseholdAssets 2024-01-01 2024-12-31 04459941 core:PlantMachinery 2024-01-01 2024-12-31 04459941 core:FurnitureFittings 2024-01-01 2024-12-31 04459941 bus:Director1 2024-01-01 2024-12-31 04459941 core:NetGoodwill 2024-12-31 04459941 core:LandBuildings 2023-12-31 04459941 core:PlantMachinery 2023-12-31 04459941 core:FurnitureFittings 2023-12-31 04459941 core:LandBuildings 2024-12-31 04459941 core:PlantMachinery 2024-12-31 04459941 core:FurnitureFittings 2024-12-31 04459941 core:LandBuildings 2024-01-01 2024-12-31 04459941 core:WithinOneYear 2024-12-31 04459941 core:WithinOneYear 2023-12-31 04459941 core:ShareCapital 2024-12-31 04459941 core:ShareCapital 2023-12-31 04459941 core:RetainedEarningsAccumulatedLosses 2024-12-31 04459941 core:RetainedEarningsAccumulatedLosses 2023-12-31 04459941 core:LandBuildings 2023-12-31 04459941 core:PlantMachinery 2023-12-31 04459941 core:FurnitureFittings 2023-12-31 04459941 bus:SmallEntities 2024-01-01 2024-12-31 04459941 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04459941 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04459941 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04459941 bus:FullAccounts 2024-01-01 2024-12-31 04459941 core:OfficeEquipment 2024-01-01 2024-12-31 04459941 core:OfficeEquipment 2023-12-31 04459941 core:OfficeEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 04459941
A Fletcher Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
A Fletcher Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
A Fletcher Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
163,716
171,039
Current assets
Stocks
52,076
54,431
Debtors
7
22,930
49,956
Cash at bank and in hand
291,575
151,402
---------
---------
366,581
255,789
Creditors: amounts falling due within one year
8
48,852
35,479
---------
---------
Net current assets
317,729
220,310
---------
---------
Total assets less current liabilities
481,445
391,349
Provisions
Taxation including deferred tax
30,371
28,130
---------
---------
Net assets
451,074
363,219
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
450,974
363,119
---------
---------
Shareholders funds
451,074
363,219
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
A Fletcher Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 9 May 2025 , and are signed on behalf of the board by:
Mr A Fletcher
Director
Company registration number: 04459941
A Fletcher Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
A Fletcher Limited is a private company limited by shares, registered in the United Kingdom number 04459941 . Its registered office is 1 Egerton Lodge, Egerton, Bolton, BL7 9SD. The principal activity of the company during the year was that of providing optician services.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
100% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property improvements
-
5% straight line
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Equipment
-
50% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2023: 13 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
3,750
-------
Amortisation
At 1 January 2024 and 31 December 2024
3,750
-------
Carrying amount
At 31 December 2024
-------
At 31 December 2023
-------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2024
64,910
217,857
196,332
114,770
593,869
Additions
14,995
3,500
1,273
19,768
Disposals
( 3,600)
( 3,600)
--------
---------
---------
---------
---------
At 31 December 2024
64,910
232,852
199,832
112,443
610,037
--------
---------
---------
---------
---------
Depreciation
At 1 January 2024
19,435
135,465
157,932
109,998
422,830
Charge for the year
3,245
14,233
5,891
1,921
25,290
Disposals
( 1,799)
( 1,799)
--------
---------
---------
---------
---------
At 31 December 2024
22,680
149,698
163,823
110,120
446,321
--------
---------
---------
---------
---------
Carrying amount
At 31 December 2024
42,230
83,154
36,009
2,323
163,716
--------
---------
---------
---------
---------
At 31 December 2023
45,475
82,392
38,400
4,772
171,039
--------
---------
---------
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
15,277
14,581
Other debtors
7,653
35,375
--------
--------
22,930
49,956
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
19,528
27,501
Social security and other taxes
24,483
2,672
Other creditors
4,841
5,306
--------
--------
48,852
35,479
--------
--------
9. Related party transactions
The company was under the control of Mr A Fletcher throughout the current and previous year. Mr A Fletcher is the managing director and majority shareholder.