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Registration number: 08254099

Fincher Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

Fincher Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Balance Sheet | 4
Notes to the Unaudited Financial Statements | 5 to 12

Fincher Limited

Company Information

Directors | Mr Mark Philip Gudgeon Mrs Kate Gudgeon

Registered office | Fincher Place Caldecote Nuneaton Warwickshire CV10 0TN

Accountants | Pattinsons Business Services Ltd 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton CV10 7RJ

Fincher Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Mark Philip Gudgeon

Mrs Kate Gudgeon

Principal activity

The principal activity of the company is that of the sale of machinery and industrial equipment.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 15 September 2025 and signed on its behalf by:

.........................................
Mr Mark Philip Gudgeon
Director

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Fincher Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fincher Limited for the year ended 31 December 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Fincher Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Fincher Limited and state those matters that we have agreed to state to the Board of Directors of Fincher Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fincher Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Fincher Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fincher Limited. You consider that Fincher Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Fincher Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

15 September 2025

Fincher Limited

(Registration number: 08254099)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | 358,941 | 281,788
Investment property | 6 | 669,000 | 656,000
|  | 1,027,941 | 937,788
Current assets |  |  |
Stocks | 7 | 258,868 | 264,481
Debtors | 8 | 443,510 | 668,272
Cash at bank and in hand |  | 163,912 | 350,147
|  | 866,290 | 1,282,900
Creditors: Amounts falling due within one year | 9 | (939,515) | (1,355,853)
Net current liabilities |  | (73,225) | (72,953)
Total assets less current liabilities |  | 954,716 | 864,835
Creditors: Amounts falling due after more than one year | 9 | (9,037) | (18,934)
Provisions for liabilities |  | (36,311) | (35,756)
Net assets |  | 909,368 | 810,145
Capital and reserves |  |  |
Called up share capital | 10 | 10 | 10
Retained earnings |  | 909,358 | 810,135
Shareholders' funds |  | 909,368 | 810,145

For the financial 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 15 September 2025 and signed on its behalf by:

......................................... Mr Mark Philip Gudgeon Director

Fincher Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fincher Place
Caldecote
Nuneaton
Warwickshire
CV10 0TN

These financial statements were authorised for issue by the Board on 15 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Fincher Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold property | 10% straight line
Plant and machinery | 20% reducing balance
Motor vehicles | 20% reducing balance
Office equipment | 3 years straight line
Fixtures and fittings | 25% reducing balance

Investment property

Investment property is carried at fair value using a property estimate as no independent valuation had been carried out.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Fincher Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Fincher Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3 | Staff numbers

The average number of persons employed by the company during the year, was 9 (2023 - 9).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2024 £ | 2023 £
Depreciation expense | 31,550 | 35,000

Fincher Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2024 | 163,408 | 77,046 | 145,123 | 93,150 | 478,727
Additions | 76,888 | 6,106 | 15,995 | 13,575 | 112,564
Disposals | - | (8,067) | - | (4,758) | (12,825)
At 31 December 2024 | 240,296 | 75,085 | 161,118 | 101,967 | 578,466
Depreciation
At 1 January 2024 | 8,188 | 60,229 | 79,070 | 49,452 | 196,939
Charge for the year | 132 | 7,102 | 14,810 | 9,506 | 31,550
Eliminated on disposal | - | (6,789) | - | (2,175) | (8,964)
At 31 December 2024 | 8,320 | 60,542 | 93,880 | 56,783 | 219,525
Carrying amount
At 31 December 2024 | 231,976 | 14,543 | 67,238 | 45,184 | 358,941
At 31 December 2023 | 155,220 | 16,817 | 66,053 | 43,698 | 281,788

Included within the net book value of land and buildings above is £231,976 (2023 - £155,220) in respect of freehold land and buildings.

Fincher Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Investment properties

| 2024 £
At 1 January 2024 | 656,000
Fair value adjustments | 13,000
At 31 December 2024 | 669,000

The investment property has been revalued by the director with the assistance of online valuation tools.

7 | Stocks

| 2024 £ | 2023 £
Other inventories | 258,868 | 264,481

8 | Debtors

| Note | 2024 £ | 2023 £
Trade debtors |  | 301,603 | 457,571
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 14 | 57,029 | 48,246
Prepayments |  | 12,302 | 13,560
Other debtors |  | 72,576 | 148,895
|  | 443,510 | 668,272

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 12 | 46,141 | 36,371
Trade creditors |  | 472,895 | 818,803
Taxation and social security |  | 199,244 | 236,373
Other creditors |  | 221,235 | 264,306
|  | 939,515 | 1,355,853

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 12 | 9,037 | 18,934

Fincher Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £0.10 each | 100 | 10.00 | 100 | 10.00

11 | Reserves

| 2024 £ | 2023 £
Distributable reserves | 844,608 | 758,385
Non-distributable reserves | 64,750 | 51,750
| 909,358 | 810,135

The non-distributable reserves are used to record the increases in the fair value of investment properties and decreases to the extent that such decreases relates to an increase on the same assets.

12 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 4,167 | 14,167
Hire purchase contracts | 4,870 | 4,767
| 9,037 | 18,934

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 10,000 | 10,000
Bank overdrafts | 23,160 | 18,847
Hire purchase contracts | 12,981 | 7,524
| 46,141 | 36,371

Fincher Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

13 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £397,259 (2023 - £412,191). The borrowing, which is associated to the investment property and has not been recognised in the balance sheet, is secured by way of a charge registered on 18 August 2015 in favour of Lloyds Bank Plc over property Nursery House, Caldecote Lane, Nuneaton, Warwickshire, CV10 0TN. The charge consists of both a floating charge and fixed charged over the stated property.
The company's overdraft facility is secured by way of a fixed and floating charge registered 6 February 2018 over the company's assets in favour of Lloyds Bank Plc.

14 | Related party transactions

Transactions with director

2024 | At 1 January 2024 £ | Advances to director £ | Repayments by director £ | At 31 December 2024 £
Loan to director | 71,247 | 238,163 | (320,762) | (11,352)

2023 | At 1 January 2023 £ | Advances to director £ | Repayments by director £ | At 31 December 2023 £
Loan to director | 29,372 | 233,656 | (191,781) | 71,247

Interest has been charged at HMRC's beneficial loan interest rates on balances in excess of £10,000. The loan is repayable on demand.

Loans from related parties

Keg Contracts Limited
During the year the company was owed £56,735 (2023: £48,246) from Keg Contracts Limited, a company connected by virtue of common directorship. This loan is interest free and has no set repayment terms.
Fincha Holdings
During the year the company was owed £294 (2023: Nil) from Fincha Holdings, a company connected by virtue of common directorship. This loan is interest free and has no set repayment terms.