20 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 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 00833372 2024-01-01 2024-12-31 00833372 2024-12-31 00833372 2023-12-31 00833372 2023-01-01 2023-12-31 00833372 2023-12-31 00833372 2022-12-31 00833372 core:PlantMachinery 2024-01-01 2024-12-31 00833372 core:FurnitureFittings 2024-01-01 2024-12-31 00833372 core:MotorVehicles 2024-01-01 2024-12-31 00833372 bus:Director2 2024-01-01 2024-12-31 00833372 core:LandBuildings 2023-12-31 00833372 core:PlantMachinery 2023-12-31 00833372 core:FurnitureFittings 2023-12-31 00833372 core:MotorVehicles 2023-12-31 00833372 core:LandBuildings 2024-12-31 00833372 core:PlantMachinery 2024-12-31 00833372 core:FurnitureFittings 2024-12-31 00833372 core:MotorVehicles 2024-12-31 00833372 core:WithinOneYear 2024-12-31 00833372 core:WithinOneYear 2023-12-31 00833372 core:AfterOneYear 2024-12-31 00833372 core:AfterOneYear 2023-12-31 00833372 core:ShareCapital 2024-12-31 00833372 core:ShareCapital 2023-12-31 00833372 core:RevaluationReserve 2024-12-31 00833372 core:RevaluationReserve 2023-12-31 00833372 core:RetainedEarningsAccumulatedLosses 2024-12-31 00833372 core:RetainedEarningsAccumulatedLosses 2023-12-31 00833372 core:LandBuildings 2023-12-31 00833372 core:PlantMachinery 2023-12-31 00833372 core:FurnitureFittings 2023-12-31 00833372 core:MotorVehicles 2023-12-31 00833372 bus:Director1 2024-01-01 2024-12-31 00833372 bus:SmallEntities 2024-01-01 2024-12-31 00833372 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00833372 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00833372 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00833372 bus:FullAccounts 2024-01-01 2024-12-31 00833372 core:AfterOneYear 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 00833372

Fowlmere Engineering Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Fowlmere Engineering Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 415,739 |  | 361,608

Current assets

Stocks | 202,070 |  | 204,416 |
Debtors | 6 | 497,100 |  | 548,447 |
Cash at bank and in hand | 691,007 |  | 583,718 |
| ------------ |  | ------------ |
| 1,390,177 |  | 1,336,581 |

Creditors: amounts falling due within one year | 7 | 1,028,225 |  | 934,166 |
| ------------ |  | ------------ |
Net current assets |  | 361,952 |  | 402,415
|  | --------- |  | ---------
Total assets less current liabilities |  | 777,691 |  | 764,023

Creditors: amounts falling due after more than one year | 8 |  | 105,930 |  | 61,362

Provisions

Taxation including deferred tax |  | 44,473 |  | 49,549
|  | --------- |  | ---------
Net assets |  | 627,288 |  | 653,112
|  | --------- |  | ---------

Capital and reserves

Called up share capital |  | 200 |  | 200
Non-distributable reserves |  | 51,682 |  | 51,682
Profit and loss account |  | 575,406 |  | 601,230
|  | --------- |  | ---------
Shareholders funds |  | 627,288 |  | 653,112
|  | --------- |  | ---------

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 comprehensive income 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 .

Fowlmere Engineering Limited

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

Mr A J Nicoll
Director

Company registration number: 00833372

Fowlmere Engineering Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Garage, Rectory Lane, Fowlmere, Royston, Hertfordshire, SG8 7TJ.
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 measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the amounts receivable for goods and work done during the year exclusive of VAT.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. In the case of land and buildings these were revalued at the deemed cost in September 1991.
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:

| Plant & Machinery | - | 15% straight line
| Fixtures & Fittings | - | 15% straight line
| Motor Vehicles | - | 20% straight line

Freehold Land - not depreciated Freehold Buildings - 4% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase price.
Finance leases and hire purchase contracts
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2023: 19 ).
5. Tangible assets

| Land and buildings | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 January 2024 | 92,596 | 68,688 | 46,738 | 575,829 | 783,851
Additions | – | – | 1,771 | 142,633 | 144,404
Disposals | – | – | – | ( 95,619) | ( 95,619)
| -------- | -------- | -------- | --------- | ---------
At 31 December 2024 | 92,596 | 68,688 | 48,509 | 622,843 | 832,636
| -------- | -------- | -------- | --------- | ---------
Depreciation |  |  |  |  |
At 1 January 2024 | – | 40,010 | 42,019 | 340,214 | 422,243
Charge for the year | – | 6,070 | 1,528 | 82,674 | 90,272
Disposals | – | – | – | ( 95,618) | ( 95,618)
| -------- | -------- | -------- | --------- | ---------
At 31 December 2024 | – | 46,080 | 43,547 | 327,270 | 416,897
| -------- | -------- | -------- | --------- | ---------
Carrying amount |  |  |  |  |
At 31 December 2024 | 92,596 | 22,608 | 4,962 | 295,573 | 415,739
| -------- | -------- | -------- | --------- | ---------
At 31 December 2023 | 92,596 | 28,678 | 4,719 | 235,615 | 361,608
| -------- | -------- | -------- | --------- | ---------

The freehold property was revalued in September 1991 by Cheffins, Grain & Comins, Chartered Surveyors, at open market value. The surplus of £54,475 arising on the revaluation was taken to the revaluation reserve. Since this date, the directors have adopted a policy not to revalue fixed assets. In the opinion of the directors all of the value is attributable to the land and none to the building due to its age and condition.
6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 327,203 | 364,558
Other debtors | 169,897 | 183,889
| --------- | ---------
| 497,100 | 548,447
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 644,698 | 643,638
Social security and other taxes | 188,202 | 175,609
Other creditors | 195,325 | 114,919
| ------------ | ---------
| 1,028,225 | 934,166
| ------------ | ---------

Included in other creditors above are £18,664 (2023: £7,501) of obligations which are secured on the assets concerned.
8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Other creditors | 105,930 | 61,362
| --------- | --------

Included in other creditors above are £105,930 (2023: £61,362) of obligations which are secured on the assets concerned.
9. Other financial commitments
The total future minimum payments under non-cancellable obligations are £ 116,667 (2023: £ 9,228 ).