REGISTERED NUMBER: 03205966 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FELCON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I N Mutton

REGISTERED OFFICE:

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

West Midlands

CV3 4GA

REGISTERED NUMBER:

03205966 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

72,535

96,272

72,535

96,272

CURRENT ASSETS

Stocks

10,000

408,801

Debtors

6

694,521

875,634

Cash at bank and in hand

606,231

1,401,072

1,310,752

2,685,507

CREDITORS

Amounts falling due within one year

7

990,615

2,422,177

NET CURRENT ASSETS

320,137

263,330

TOTAL ASSETS LESS CURRENT LIABILITIES

392,672

359,602

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

392,572

359,502

SHAREHOLDERS' FUNDS

392,672

359,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2025 and were signed by:

I N Mutton - Director

1.	STATUTORY INFORMATION

Felcon 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.

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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill has now been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Alterations to premises

-

over remaining life of lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 31 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Alterations

Fixtures

to

Plant and

and

Motor

premises

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

52,317

167,034

91,288

55,934

366,573

Additions

-

2,880

-

-

2,880

Disposals

-

(96,494

)

-

(20

)

(96,514

)

At 31 March 2025

52,317

73,420

91,288

55,914

272,939

DEPRECIATION

At 1 April 2024

52,317

119,603

75,419

22,962

270,301

Charge for year

-

14,287

4,068

8,242

26,597

Eliminated on disposal

-

(96,494

)

-

-

(96,494

)

At 31 March 2025

52,317

37,396

79,487

31,204

200,404

NET BOOK VALUE

At 31 March 2025

-

36,024

11,801

24,710

72,535

At 31 March 2024

-

47,431

15,869

32,972

96,272

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

495,772

810,504

Other debtors

198,749

65,130

694,521

875,634

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

318,155

988,961

Trade creditors

158,387

246,742

Amounts owed to group undertakings

373,350

956,303

Taxation and social security

38,755

199,963

Other creditors

101,968

30,208

990,615

2,422,177

8.	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.

9.	ULTIMATE PARENT COMPANY

The ultimate parent company is HPM Products Limited, a company registered in England and Wales.