| REGISTERED NUMBER: 06537499 (England and Wales) |
| GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| FLETCHER BICKERTON HOLDINGS LIMITED |
| REGISTERED NUMBER: 06537499 (England and Wales) |
| GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| FLETCHER BICKERTON HOLDINGS LIMITED |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Group Strategic Report | 2 | to | 5 |
| Report of the Directors | 6 | to | 7 |
| Report of the Independent Auditors | 8 | to | 11 |
| Consolidated Statement of Comprehensive Income | 12 |
| Consolidated Statement of Financial Position | 13 |
| Company Statement of Financial Position | 14 |
| Consolidated Statement of Changes in Equity | 15 |
| Company Statement of Changes in Equity | 16 |
| Consolidated Statement of Cash Flows | 17 |
| Notes to the Consolidated Statement of Cash Flows | 18 |
| Notes to the Consolidated Financial Statements | 19 | to | 31 |
| FLETCHER BICKERTON HOLDINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditors |
| Stone House |
| Stone Road Business Park |
| Stoke-on-Trent |
| ST4 6SR |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The directors present their strategic report for the year ended 30 September 2024. |
| Group Overview and Review Of The Business |
| Founded in 1946, our group continues to evolve in line with the demands of modern engineering. With a proven track record in electro-mechanical repair, reliability services, and now advanced manufacturing, we are entering our next financial year with confidence, backed by a year of expansion, innovation, and significant capital investment. |
| During the financial year ending 30 September 2024, the group achieved a turnover of £12,629,170, representing a 18.37% increase from the prior year. Gross profit reached £6,016,723 (47.6% margin), while net profit was £2,358,997 (18.7% margin). These results reflect effective strategic execution, successful diversification, and continued investment in people and technology. |
| Key Performance Indicators (KPIs) |
| KPI | FY 2023 | FY 2024 | Change |
| Turnover | £10,670,614 | £12,629,170 | + 18.37% |
| Gross profit | £4,566,671 (42.8%) | £6,016,723 (47.6%) | + 4.8 pts |
| Net profit | £1,264,614 (11.9%) | £2,358,997 (18.7%) | + 6.8 pts |
| Solar energy offset | 0% | 25% | + 25 pts |
| Customer retention | 93% | 94% | + 1 pt |
| Staff trained in leadership |
N/A |
100% |
New KPI |
| Investment in equipment |
£450,000 |
£750,000+ |
£350,00+ |
| Principal Risks and Uncertainties |
| Economic Pressures |
| Inflation and rising logistics costs may continue to impact profitability. |
| Mitigation: Supplier negotiations, improved energy efficiency, and operational productivity gains. |
| Skills Gap |
| Ongoing difficulty in recruiting skilled technical staff. |
| Mitigation: Apprentice schemes, CPD investment, partnerships with colleges, and internal mentoring programs. |
| Capacity Constraints |
| Workshop capacity may not keep pace with demand. |
| Mitigation: Expansion of premises through new leases; investment in VPI tank and extended shift patterns. |
| ESG & Regulation |
| Growing demand for sustainable practices from clients and regulators. |
| Mitigation: Solar energy expansion, ESG visibility in marketing, and participation in sustainability initiatives. |
| Customer Concentration |
| Exposure to a small number of large customers or sectors could increase risk. |
| Mitigation: Market diversification into healthcare, prisons, advanced manufacturing, and new products like Meerkat. |
| Outlook |
| The group is well-positioned for further growth in FY 2026. Our strategic focus includes scaling the Advanced Manufacturing department, expanding our digital marketing footprint, enhancing our leadership training programmes, and progressing negotiations to secure additional premises. |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| We expect to continue delivering year-on-year revenue growth while maintaining strong gross and net profit margins. Sustained investment in people, innovation, and customer experience will remain at the core of our long-term success strategy. |
| Our strategic direction over the next 12 months is built around capacity growth, capability enhancement, and customer responsiveness - underpinned by a leadership-led approach to people development. |
| Strategic Priorities for 2025-2026 |
| 1. Advanced Manufacturing Growth |
| Objective: Establish Advanced Manufacturing as a core revenue stream alongside our traditional service lines. |
| Key Actions: |
| - Maximise ROI from £750,000 investment in equipment by building production capacity for flexible batch sizes (1 to full production runs). |
| - Establish 24/7 operations for advanced manufacturing, integrating rapid response for urgent component needs. |
| - Expand technical teams with new hires in programming, CNC operations, and support roles. |
| - Continue investment in CPD for machinists and recruit trainees into structured development pathways. |
| - Drive commercial success through a dedicated sales team and enhanced digital marketing presence. |
| Expected Outcomes: |
| - Penetration into new sectors seeking bespoke, just-in-time component supply. |
| - Increased responsiveness and customer loyalty due to 24/7 manufacturing availability. |
| - Enhanced internal capability through continuous skill development. |
| 2. Marketing and Digital Visibility |
| Objective: Strengthen brand recognition, increase inbound enquiries, and drive SEO-led lead generation. |
| Key Actions: |
| - Leverage our new Marketing Manager to build engagement across LinkedIn, TikTok, WhatsApp, and other platforms. |
| - Expand visibility of products like Meerkat - especially as we secure the largest order to date. |
| - Improve SEO performance and digital footprint with content targeting industry-specific keywords. |
| - Develop case studies and media around key services, innovation stories, and sustainability milestones. |
| Expected Outcomes: |
| - Increased qualified lead generation through organic channels. |
| - Measurable growth in website traffic and customer conversions. |
| - Better alignment between marketing content and sales team outreach. |
| 3. Workforce Expansion and Leadership Development |
| Objective: Manage a 10% headcount growth while reinforcing our unique leadership-driven people strategy. |
| Key Actions: |
| - Continue our commitment to leadership-driven HR by delivering bespoke management training for all people managers. |
| - Mentor junior team members (e.g. junior salesperson) to grow internal leadership pipelines. |
| - Reward performance with above-inflation pay increases to reflect another strong year. |
| - Expand trainee programs and internal mentoring to ensure skill retention and cultural continuity. |
| Expected Outcomes: |
| - High levels of employee engagement and retention. |
| - Improved leadership consistency across shifts, departments, and new recruits. |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| - Smooth onboarding of new hires into our inclusive culture without diluting values. |
| 4. Infrastructure and Capacity Expansion |
| Objective: Secure additional workshop space to meet rising demand and prepare for future scaling. |
| Key Actions: |
| - Progress lease negotiations with Dog & Bone for neighbouring units. |
| - Install the UK's largest VPI tank within 3 months to increase specialist repair capability. |
| - Complete setup of a training area for apprentices and customer engineers. |
| Expected Outcomes: |
| - Expanded footprint enabling greater throughput and reduced bottlenecks. |
| - Enhanced reputation as a centre of excellence in both service and learning. |
| - Customer trust deepened by visible investment in future-proofing. |
| 5. Sustainability and Energy Efficiency |
| Objective: Build on our solar energy gains to reduce operational costs and meet sustainability goals. |
| Key Actions: |
| - Monitor energy data to increase solar panel efficiency (currently offsetting ~25% usage). |
| - Explore additional sustainable practices (e.g. waste reduction, energy recovery). |
| - Engage with customers looking for sustainable engineering suppliers. |
| Expected Outcomes: |
| - Lower energy costs and reduced environmental impact. |
| - Improved ESG positioning in client procurement processes. |
| - Potential eligibility for green business certifications or partnerships. |
| Financial Outlook |
| We are forecasting a 10% growth in turnover, primarily driven by increased market share in: |
| - Renewable Energy |
| - Rail |
| - Healthcare & Medical (for hospitals) |
| - Government & Institutions or Secure Services (for prisons) |
| - Advanced manufacturing |
| - Meerkat product line |
| Our growth strategy anticipates: |
| - Gross profit: 41% |
| - Net profit: 11% |
| These projections are underpinned by increased operational efficiency, expanded capabilities, and a consistent approach to value-based leadership. |
| Conclusion |
| This coming year marks a pivotal shift: from growth through adaptability to growth through strategic focus. With new departments, enhanced digital presence, and a people-first culture that defies traditional HR models, we are not simply responding to market needs - we are helping to shape them. |
| Our ongoing challenge will be maintaining our inclusive, leadership-led approach while navigating expansion. But with continued investment in our people, technology, and infrastructure, we are well-positioned for sustainable success. |
| ON BEHALF OF THE BOARD: |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024. |
| DIVIDENDS |
| Particulars of recommended dividends are detailed in the notes to the financial statements. |
| EVENTS SINCE THE END OF THE YEAR |
| Information relating to events since the end of the year is given in the notes to the financial statements. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report. |
| DISCLOSURE IN THE STRATEGIC REPORT |
| The company has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out in the company's strategic report information required byschedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations2008, including the future developments of the company. |
| The strategic report can be found on page 2 of these financial statements. |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information. |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| AUDITORS |
| The auditors are deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. |
| ON BEHALF OF THE BOARD: |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| FLETCHER BICKERTON HOLDINGS LIMITED |
| Opinion |
| We have audited the financial statements of Fletcher Bickerton Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| FLETCHER BICKERTON HOLDINGS LIMITED |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the parent company financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| FLETCHER BICKERTON HOLDINGS LIMITED |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit |
| evidence that is sufficient and appropriate to provide a basis for our opinion. |
| Identifying and assessing potential risks related to irregularities |
| In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: |
| • | the nature of the industry and sector, control environment and business performance including the design of the company remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets; |
| • | results of our enquiries of management about their own identification and assessment of the risks of irregularities; |
| • | any matters we identified having obtained and reviewed the company documentation of their policies and procedures relating to: |
| - | identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; |
| - | detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |
| - | the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; |
| • | the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. |
| Based on this approach, we were able to assess the company risks and ensure the risks were considered throughout all areas of audit testing. The audit team was professionally sceptical throughout the audit and remained alert for inaccurate or misleading information. |
| Audit response to risks identified |
| As a result of performing the above, we did not identify any key audit matters related to the potential risk of |
| fraud or irregularities. Our procedures to respond to risks identified included the following: |
| • reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; |
| • enquiring of management concerning actual and potential litigation and claims; |
| • performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |
| • obtaining an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and |
| • in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| FLETCHER BICKERTON HOLDINGS LIMITED |
| Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations. |
| As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: |
| - | Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
| - | Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. |
| - | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. |
| - | Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. |
| - | Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. |
| - | Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express and opinion on the consolidated financial statements. |
| We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. |
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Chartered Accountants & Statutory Auditors |
| Stone House |
| Stone Road Business Park |
| Stoke-on-Trent |
| ST4 6SR |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| TURNOVER | 12,629,170 | 10,670,614 |
| Cost of sales | (6,612,447 | ) | (6,103,943 | ) |
| GROSS PROFIT | 6,016,723 | 4,566,671 |
| Administrative expenses | (3,654,758 | ) | (3,294,177 | ) |
| 2,361,965 | 1,272,494 |
| Other operating income | - | 4 |
| OPERATING PROFIT | 4 | 2,361,965 | 1,272,498 |
| Interest receivable and similar income | 2,367 | 1,523 |
| 2,364,332 | 1,274,021 |
| Interest payable and similar expenses | 5 | (5,335 | ) | (9,407 | ) |
| PROFIT BEFORE TAXATION | 2,358,997 | 1,264,614 |
| Tax on profit | 6 | (421,613 | ) | (183,818 | ) |
| PROFIT FOR THE FINANCIAL YEAR |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
1,937,384 |
1,080,796 |
| Profit attributable to: |
| Owners of the parent | 1,937,384 | 1,080,796 |
| Total comprehensive income attributable to: |
| Owners of the parent | 1,937,384 | 1,080,796 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| CONSOLIDATED STATEMENT OF FINANCIAL POSITION |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 9 | 2,545,966 | 1,998,861 |
| Investments | 10 | 503 | 503 |
| 2,546,469 | 1,999,364 |
| CURRENT ASSETS |
| Stocks | 11 | 1,375,341 | 1,011,049 |
| Debtors | 12 | 3,330,210 | 2,912,599 |
| Cash at bank and in hand | 1,526,730 | 1,376,781 |
| 6,232,281 | 5,300,429 |
| CREDITORS |
| Amounts falling due within one year | 13 | (2,111,443 | ) | (1,973,121 | ) |
| NET CURRENT ASSETS | 4,120,838 | 3,327,308 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
6,667,307 |
5,326,672 |
| CREDITORS |
| Amounts falling due after more than one year |
14 |
(50,389 |
) |
(68,173 |
) |
| PROVISIONS FOR LIABILITIES | 18 | (383,266 | ) | (282,894 | ) |
| NET ASSETS | 6,233,652 | 4,975,605 |
| CAPITAL AND RESERVES |
| Called up share capital | 19 | 8,650 | 8,650 |
| Revaluation reserve | 20 | 99,000 | 99,000 |
| Retained earnings | 20 | 6,126,002 | 4,867,955 |
| SHAREHOLDERS' FUNDS | 6,233,652 | 4,975,605 |
| The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by: |
| M K Fletcher - Director |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| COMPANY STATEMENT OF FINANCIAL POSITION |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 9 |
| Investments | 10 |
| CURRENT ASSETS |
| Debtors | 12 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 13 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
14 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 18 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 19 |
| Retained earnings | 20 |
| SHAREHOLDERS' FUNDS |
| Company's profit for the financial year | 847,822 | 621,625 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Called up |
| share | Retained | Revaluation | Total |
| capital | earnings | reserve | equity |
| £ | £ | £ | £ |
| Balance at 1 October 2022 | 8,650 | 4,230,414 | 99,000 | 4,338,064 |
| Changes in equity |
| Dividends | - | (443,255 | ) | - | (443,255 | ) |
| Total comprehensive income | - | 1,080,796 | - | 1,080,796 |
| Balance at 30 September 2023 | 8,650 | 4,867,955 | 99,000 | 4,975,605 |
| Changes in equity |
| Dividends | - | (679,337 | ) | - | (679,337 | ) |
| Total comprehensive income | - | 1,937,384 | - | 1,937,384 |
| Balance at 30 September 2024 | 8,650 | 6,126,002 | 99,000 | 6,233,652 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| COMPANY STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 October 2022 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 30 September 2023 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 30 September 2024 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| CONSOLIDATED STATEMENT OF CASH FLOWS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 | 1,743,931 | 1,791,767 |
| Interest paid | (5,335 | ) | (9,407 | ) |
| Tax paid | (133,203 | ) | (118,787 | ) |
| Net cash from operating activities | 1,605,393 | 1,663,573 |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | (753,912 | ) | (750,249 | ) |
| Sale of tangible fixed assets | 3,255 | - |
| Interest received | 2,367 | 1,523 |
| Net cash from investing activities | (748,290 | ) | (748,726 | ) |
| Cash flows from financing activities |
| Loan repayments in year | (17,784 | ) | (17,784 | ) |
| Amount introduced by directors | 721,737 | 449,718 |
| Amount withdrawn by directors | (731,770 | ) | (728,200 | ) |
| Equity dividends paid | (679,337 | ) | (443,255 | ) |
| Net cash from financing activities | (707,154 | ) | (739,521 | ) |
| Increase in cash and cash equivalents | 149,949 | 175,326 |
| Cash and cash equivalents at beginning of year |
2 |
1,376,781 |
1,201,455 |
| Cash and cash equivalents at end of year |
2 |
1,526,730 |
1,376,781 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Profit before taxation | 2,358,997 | 1,264,614 |
| Depreciation charges | 193,737 | 135,996 |
| Loss on disposal of fixed assets | 9,497 | - |
| Finance costs | 5,335 | 9,407 |
| Finance income | (2,367 | ) | (1,523 | ) |
| 2,565,199 | 1,408,494 |
| Increase in stocks | (364,292 | ) | (141,760 | ) |
| Increase in trade and other debtors | (407,446 | ) | (105,105 | ) |
| (Decrease)/increase in trade and other creditors | (49,530 | ) | 630,138 |
| Cash generated from operations | 1,743,931 | 1,791,767 |
| 2. | CASH AND CASH EQUIVALENTS |
| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts: |
| Year ended 30 September 2024 |
| 30.9.24 | 1.10.23 |
| £ | £ |
| Cash and cash equivalents | 1,526,730 | 1,376,781 |
| Year ended 30 September 2023 |
| 30.9.23 | 1.10.22 |
| £ | £ |
| Cash and cash equivalents | 1,376,781 | 1,201,455 |
| 3. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.10.23 | Cash flow | At 30.9.24 |
| £ | £ | £ |
| Net cash |
| Cash at bank and in hand | 1,376,781 | 149,949 | 1,526,730 |
| 1,376,781 | 149,949 | 1,526,730 |
| Debt |
| Debts falling due within 1 year | (17,784 | ) | - | (17,784 | ) |
| Debts falling due after 1 year | (68,173 | ) | 17,784 | (50,389 | ) |
| (85,957 | ) | 17,784 | (68,173 | ) |
| Total | 1,290,824 | 167,733 | 1,458,557 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Fletcher Bickerton Holdings Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The principal activity of the company during the year was that of a holding company and the company owns the business premises for the group. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS |
| The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102: |
| (a) Disclosures in respect of each class of share capital have not been presented. |
| (b) No cash flow statement has been presented for the company. |
| (c) No disclosure has been given for the aggregate remuneration of key management personnel. |
| BASIS OF CONSOLIDATION |
| The consolidated financial statements incorporate the financial statements of the company and all group undertakings. These are adjusted, where appropriate, to conform to group accounting policies. Acquisitions are accounted for under the acquisition method. The results of companies acquired or disposed of are included in the profit and loss account after or up to the date that control passes respectively. As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006. |
| SIGNIFICANT JUDGEMENTS AND ESTIMATES |
| 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. |
| Key sources of estimation uncertainty |
| Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: |
| As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods. |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| REVENUE RECOGNITION |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| TANGIBLE FIXED ASSETS |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| INVESTMENTS IN SUBSIDIARIES |
| Investments in subsidiary undertakings are recognised at cost. |
| STOCKS |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| FINANCIAL INSTRUMENTS |
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| Debt instruments are subsequently measured at amortised cost. |
| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. |
| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. |
| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. |
| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. |
| TAXATION |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate. |
| EMPLOYEE BENEFITS |
| The group provides a range of benefits to employees. |
| Short term benefits, including holiday pay, are recognised as an expenses in the profit and loss account in the period in which they are incurred. |
| 3. | EMPLOYEES AND DIRECTORS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Wages and salaries | 4,445,443 | 3,976,177 |
| Social security costs | 497,950 | 383,383 |
| Other pension costs | 132,397 | 91,250 |
| 5,075,790 | 4,450,810 |
| The average number of employees during the year was as follows: |
| 30.9.24 | 30.9.23 |
| Total Staff |
| The average number of employees by undertakings that were proportionately consolidated during the year was 111 (2023 - 95 ) . |
| The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2023: 2). |
| 30.9.2024 | 30.9.2023 |
| £ | £ |
| Directors' remuneration | 451,835 | 299,500 |
| Social security costs | 65,382 | 43,789 |
| Other pension costs | 21,082 | 21,390 |
| Benefits in kind | 1,859 | 1,859 |
| 540,158 | 366,538 |
| Information regarding the highest paid director is as follows: |
| 30.9.2024 | 30.9.2023 |
| £ | £ |
| Emoluments etc. | 442,735 | 290,400 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Other operating leases | 46,100 | 26,665 |
| Depreciation - owned assets | 194,055 | 135,996 |
| Loss on disposal of fixed assets | 9,497 | - |
| Auditors' remuneration | 13,020 | 15,000 |
| 5. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Bank loan interest | 5,335 | 5,396 |
| Corporation tax interest paid | - | 4,011 |
| 5,335 | 9,407 |
| 6. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Current tax: |
| UK corporation tax | 335,708 | 37,033 |
| Under provision of prior year | (14,464 | ) | 25,464 |
| Total current tax | 321,244 | 62,497 |
| Deferred tax | 100,369 | 121,321 |
| Tax on profit | 421,613 | 183,818 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 6. | TAXATION - continued |
| RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS |
| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Profit before tax | 2,358,997 | 1,264,614 |
| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 - 22.010 %) |
589,749 |
278,342 |
| Effects of: |
| Expenses not deductible for tax purposes | 10,902 | 6,714 |
| Capital allowances in excess of depreciation | (72,911 | ) | - |
| Adjustments to tax charge in respect of previous periods | (14,464 | ) | 25,464 |
| Future changes in tax rates | - | 20,750 |
| Research and development enhanced deductions | (177,752 | ) | (147,452 | ) |
| Deferred tax adjustment | 86,089 | - |
| Total tax charge | 421,613 | 183,818 |
| 7. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME |
| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
| 8. | DIVIDENDS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Ordinary A shares of 1p each |
| Interim | 530,273 | 239,098 |
| Ordinary B shares of 1p each |
| Interim | 74,531 | 114,157 |
| Ordinary C shares of 1p each |
| Interim | 74,533 | 90,000 |
| 679,337 | 443,255 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 9. | TANGIBLE FIXED ASSETS |
| Group |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 October 2023 | 815,925 | 2,144,854 | 1,267,797 |
| Additions | 230,118 | 396,210 | 84,705 |
| Disposals | (12,752 | ) | - | - |
| At 30 September 2024 | 1,033,291 | 2,541,064 | 1,352,502 |
| DEPRECIATION |
| At 1 October 2023 | - | 1,255,307 | 1,039,842 |
| Charge for year | - | 135,391 | 32,324 |
| At 30 September 2024 | - | 1,390,698 | 1,072,166 |
| NET BOOK VALUE |
| At 30 September 2024 | 1,033,291 | 1,150,366 | 280,336 |
| At 30 September 2023 | 815,925 | 889,547 | 227,955 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 | 54,982 | 143,689 | 4,427,247 |
| Additions | 34,555 | 8,324 | 753,912 |
| Disposals | - | - | (12,752 | ) |
| At 30 September 2024 | 89,537 | 152,013 | 5,168,407 |
| DEPRECIATION |
| At 1 October 2023 | 5,789 | 127,448 | 2,428,386 |
| Charge for year | 15,751 | 10,589 | 194,055 |
| At 30 September 2024 | 21,540 | 138,037 | 2,622,441 |
| NET BOOK VALUE |
| At 30 September 2024 | 67,997 | 13,976 | 2,545,966 |
| At 30 September 2023 | 49,193 | 16,241 | 1,998,861 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 9. | TANGIBLE FIXED ASSETS - continued |
| Company |
| Freehold |
| property |
| £ |
| COST |
| At 1 October 2023 |
| Additions |
| Disposals | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 10. | FIXED ASSET INVESTMENTS |
| Group |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 | 503 |
| NET BOOK VALUE |
| At 30 September 2024 | 503 |
| At 30 September 2023 | 503 |
| Company |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 10. | FIXED ASSET INVESTMENTS - continued |
| The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
| SUBSIDIARIES |
| Registered office: Elenora Street, Stoke-On-Trent, Staffordshire, ST4 1QG |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Elenora Street, Stoke-On-Trent, Staffordshire, ST4 1QG |
| Nature of business: |
| % |
| Class of shares: | holding |
| 11. | STOCKS |
| Group |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Raw materials | 883,547 | 750,587 |
| Work in progress | 491,794 | 260,462 |
| 1,375,341 | 1,011,049 |
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 30.9.24 | 30.9.23 | 30.9.24 | 30.9.23 |
| £ | £ | £ | £ |
| Trade debtors | 2,421,493 | 1,871,178 |
| Amounts owed by group undertakings | - | - |
| Other debtors | 29,384 | 27,181 |
| Directors' loan accounts | 731,773 | 721,740 | - | - |
| Prepayments | 147,560 | 292,500 |
| 3,330,210 | 2,912,599 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 30.9.24 | 30.9.23 | 30.9.24 | 30.9.23 |
| £ | £ | £ | £ |
| Bank loans and overdrafts (see note 15) | 17,784 | 17,784 |
| Trade creditors | 1,282,776 | 1,262,607 |
| Amounts owed to group undertakings | - | - |
| Tax | 335,708 | 147,856 |
| Social security and other taxes | 180,742 | 99,267 |
| VAT | 198,103 | 155,840 | - | - |
| Other creditors | 9,891 | 38,950 |
| Accruals and deferred income | 86,439 | 250,817 |
| 2,111,443 | 1,973,121 |
| 14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| Group | Company |
| 30.9.24 | 30.9.23 | 30.9.24 | 30.9.23 |
| £ | £ | £ | £ |
| Bank loans (see note 15) | 50,389 | 68,173 |
| 15. | LOANS |
| An analysis of the maturity of loans is given below: |
| Group | Company |
| 30.9.24 | 30.9.23 | 30.9.24 | 30.9.23 |
| £ | £ | £ | £ |
| Amounts falling due within one year or | on demand: |
| Bank loans | 17,784 | 17,784 |
| Amounts falling due between one and | two years: |
| Bank loans - 1-2 years | 50,389 | 68,173 |
| 16. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Group |
| Non-cancellable | operating leases |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Within one year | 173,225 | 154,632 |
| Between one and five years | 340,056 | 322,053 |
| In more than five years | 322,630 | 327,681 |
| 835,911 | 804,366 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 17. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| Group | Company |
| 30.9.24 | 30.9.23 | 30.9.24 | 30.9.23 |
| £ | £ | £ | £ |
| Bank loans | 68,173 | 85,957 |
| The group has guarantees, debentures and legal charges. All monies due or to become due from the company and/or all or any of the companies named therein to the charged on any account whatsoever. |
| A guarantee and debenture was created on 18 March 2008 between the company and Barclays Bank Plc. |
| A guarantee and debenture was created on 4 July 2008 between the company and Barclays Bank Plc. |
| A legal charge was created on 4 July 2008 between the company and Barclays Bank Plc over the freehold land. |
| A guarantee and debenture was created on 1 March 2011 between the company and Barclays Bank Plc. |
| The group overdraft facility is secured by a debenture dated 25th July 1996. |
| 18. | PROVISIONS FOR LIABILITIES |
| Group | Company |
| 30.9.24 | 30.9.23 | 30.9.24 | 30.9.23 |
| £ | £ | £ | £ |
| Deferred tax |
| Accelerated capital allowances | 383,266 | 282,894 |
| Group |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2023 | 282,894 |
| Provided during year | 100,372 |
| Balance at 30 September 2024 | 383,266 |
| Company |
| Deferred |
| tax |
| £ |
| Provided during year |
| Balance at 30 September 2024 |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 19. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
| value: | £ | £ |
| Ordinary A | 1p | 5,190 | 5,190 |
| Ordinary B | 1p | 2,824 | 2,824 |
| Ordinary C | 1p | 636 | 636 |
| 8,650 | 8,650 |
| 20. | RESERVES |
| Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. |
| Profit and loss account - This reserve records retained earnings and accumulated losses. |
| 21. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| M K Fletcher |
| Balance outstanding at start of year | 530,274 | 239,100 |
| Amounts advanced | 572,489 | 530,274 |
| Amounts repaid | (530,274 | ) | (239,100 | ) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | 572,489 | 530,274 |
| M P Fletcher |
| Balance outstanding at start of year | 149,066 | 204,158 |
| Amounts advanced | 159,284 | 155,528 |
| Amounts repaid | (149,066 | ) | (210,620 | ) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | 159,284 | 149,066 |
| 22. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements. |
| The directors are deemed to be the key management personnel of the group. The key management personnel is disclosed in the notes of the financial statements. |
| FLETCHER BICKERTON HOLDINGS LIMITED (REGISTERED NUMBER: 06537499) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 23. | EVENTS AFTER THE END OF THE REPORTING PERIOD |
| There were no material events up to the date of approval of the financial statements by the Board. |
| 24. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Mr M K Fletcher by virtue of his voting rights held. |