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Registered number:
For the Year Ended
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Farrat Isolevel Limited
Company Information
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Farrat Isolevel Limited
Contents
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Farrat Isolevel Limited
Strategic Report
For the Year Ended 31 December 2024
The directors present their strategic report for the year ended 31 December 2024.
Revenues for the 2024 financial year were £10.3 million, versus prior year of £14.8 million, a reduction in revenue of £4.5 million. This is a 30% reduction compared with prior year.
In 2023 the Company derived revenue from a large number of construction projects. A number of client projects, including one very significant project that began in 2023 and continued into 2024, included significant levels of technical uncertainty and challenge which consumed a substantial amount of both design and engineering input and this prevented the Company from taking on additional Project based revenue. Furthermore, additional costs have been incurred to enable progress on this project. No recovery of these costs has been recognised within these financial statements however all projects have, or will soon be, completed on time in full. In addition, some Projects in the construction sector were delayed following the outcome of the Grenfell report and the resulting Building Safety Act changes that are still being clarified and absorbed by the Company’s clients. This situation is expected to improve in the second half of 2025 & into 2026 with increased revenues expected in the Company's major projects division. The group within which the company resides incorporated a German subsidiary which began operating during the year. A number of sales orders that would have otherwise been taken by the company have instead been taken by this new subsidiary. Whilst the company has replaced this transferred revenue with other European sales (it should be noted that European sales have risen), this represents revenue and material margin that has been taken out of the company's profit and loss account. As a result, gross profit in the year was £4.6 million, at a gross margin percentage of 44.5%, a decrease of 19.9% percentage points compared with prior year. This reduction in gross margin reflects the impact of reduced revenue, for the reasons given above, together with the aforementioned issues with some major projects where the technical requirements necessitated additional design, manufacturing & engineering costs. Operating loss was £1.4 million, down £5.3 million (2023: £3.9 million profit). The Company focused on its leadership structure during 2024 with investment made to develop its Executive Leadership Team. This has been through external recruitment of experienced, senior leaders including a Managing Director and additional resources at all levels within Sales and Engineering. Furthermore, additional headcount was added, which is reflected in the increase in average employees from 59 to 75. Staff costs are static due to movements in bonus accruals offsetting the increase in salary costs. These investments increased Overhead Costs during 2024 and therefore reduced the Company’s Operating Margin. These essential investments support the Company’s ability to evolve the business, implementing professionalism across all business functions, and enable it to increase its focus on growing the core business to reduce the reliance on major construction projects. In respect of the balance sheet, the company's net assets are £6.7m (2023: £7.9m), the reduction being down to the losses made as noted above. Net current assets remain positive at £6.0m (2023: £7.1m). Excluding debtors due within more than one year, net current assets are £1.05m (2023: £3.65m). As noted above, the outlook for the remainder of 2025 and 2026 is positive with numerous long term projects expected to materialise, and a return to profitability is predicted based on the forecasts prepared by management.
Page 1
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Farrat Isolevel Limited
Strategic Report (continued)
For the Year Ended 31 December 2024
Risk management is one of our key foundations of our governance and we actively identify and manage our risk across all areas of our business and operations. Successful delivery of our complex engineered construction projects that demonstrates excellence in design and construction and involves working with our key suppliers to mitigate risk within our supply chain and procure quality components. We ensure high quality standards through our audit and application of lessons learnt and have a multi-disciplinary team’s knowledge and experience in mechanical, structural acoustic and construction engineering, delivered with over seven decades’ experience.
The Company understands the need to grow the core sales, rather than being dependent on the Major Projects, and careful consideration has been taken to ensure that the business manages to maintain customer experience to the high standards and quality expected. Investment has been made across the business within our UK operations and the expansion into Continental Europe with our new German manufacturing facility, which sits within another group entity. The investment covers all areas including Engineering, Sales and Executive Leadership. The investments in both internal and external sales support the ability to grow our existing and new customer business, providing the sales stability to counteract the fluctuating time-scales of Major Projects. External market outlook Weaker economic momentum has helped ease supply chain pressures and reduce broader cost pressures. The impact of the Building Safety Act has seen delays in construction projects within the UK, this could result in delays in forecasted sales and additional engineering workload to provide relevant information to clients which aid submissions to the Building Safety Regulator. Slower economic growth across the EU risks the forecasting ramp-up of sales direct from the new German manufacturing facility. However, with this facility the company is well-placed to increase direct sales across mainland Europe. Competitive environment Competitive pressure in the UK and worldwide is a continued risk for the Company which could result in loss of sales to key competitors. The Company manages this risk by its focus on delighting customers and providing added value of unrivalled technical expertise and passion to provide the best advice and develop the highest standard of technical solutions with fast response times and maintaining strong relationships with clients. Health & safety The Company operates in an industry where health and safety risks are inherently prominent. Further, the Company is subject to stringent regulations from a health and safety perspective. A serious health and safety incident could have a significant impact on the Company’s operational and financial performance, as well as its reputation. This is managed through ensuring that a robust health and safety framework is implemented throughout the Company’s operations, requiring employees to complete formal health and safety training on a regular basis. The Company monitors the performance of its health and safety framework, and takes immediate and decisive action if non-adherence is identified. The development of a strong safety culture is driven by management and employees at every level and is a core part of doing business with integrity. Price Risk The Company is exposed to commodity price risk as a result of its operations. However, given the size of the Company’s operations, the cost of managing exposure to commodity price fluctuation exceeds any potential benefits.. We build strong relationships with our suppliers to develop mutually beneficial and lasting partnerships. Supplier engagement is primarily through a series of interactions and formal reviews. Key areas of focus include sustainability, innovation, value for money and quality. The Board recognises the relationships with suppliers are important to the Company’s long-term success and is briefed on supplier feedback and issues on a regular basis. Liquidity Risk As the business expands there is a risk that it could encounter difficulty in funding expanding working capital and investment needs. The Company aims to mitigate this risk by managing cash generation from its operations and ensuring debtor collection targets are met and by ensuring financing facilities are available if required. The Company’s overall cash position has remained strong which will further help mitigate future liquidity risk.
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Farrat Isolevel Limited
Strategic Report (continued)
For the Year Ended 31 December 2024
Financial risk
The Company’s principal financial assets are cash and bank balances, trade and other receivables. The Company’s credit risk is primarily attributable to its trade receivables, customers are set terms, and appropriate credit checks are undertaken prior to this. The Company runs a formal credit control process which is executed effectively where necessary. Bad debts are £556 (2023: £10,348) in the period. The Group has no significant concentration of credit risk.
The directors consider the financial key performance indicators to be the revenue, gross profit, operating profit and net assets, all of which are analysed in the report above.
The company has made a loss of £1,105,474 during the year, and has net current assets of £1,052,663, after removing the effect of debtors due in more than one year.
The directors have prepared profit and cash flow forecasts, and these demonstrate that the company will continue to be able to pay its debts as they fall due for a period of not less than 12 months from the date of signing the financial statements. The company also has access to facilities where necessary. As a result, it is appropriate to prepare these financial statements on a going concern basis.
This report was approved by the board and signed on its behalf.
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Farrat Isolevel 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.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements 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 transactions and disclose with reasonable accuracy at any time the financial position of the Company and to 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The loss for the year, after taxation, amounted to £1,105,474 (2023 - profit £2,884,884).
Dividends totalling £Nil (2023: £Nil) were paid during the year. The directors do not recommend the payment of a final dividend.
The directors who served during the year were:
The Company continues to invest in research and development and the directors regard research and development investment as necessary for continuing success in the medium and long-term future.
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Farrat Isolevel Limited
Directors' Report (continued)
For the Year Ended 31 December 2024
There have been no significant events affecting the Company since the year end.
The auditors, Hurst Accountants Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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Farrat Isolevel Limited
Independent Auditors' Report to the Members of Farrat Isolevel Limited
We have audited the financial statements of Farrat Isolevel Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes, 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).
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 Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.
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 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.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.
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Farrat Isolevel Limited
Independent Auditors' Report to the Members of Farrat Isolevel Limited (continued)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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Farrat Isolevel Limited
Independent Auditors' Report to the Members of Farrat Isolevel Limited (continued)
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 an Auditors' Report 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Identifying and assessing potential risks related to irregularities In identifying and assessing the 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 in which the Company operates; the control environment and business performance including key drivers for directors' remuneration, bonus levels and performance targets. • The outcome of enquiries of management, including whether management was aware of any instances of non- compliance with laws and regulations, and whether management had knowledge of any actual, suspected, or alleged fraud. • Supporting documentation relating to the Company's policies and procedures for: - Identifying, evaluating, and complying with laws and regulations - Detecting and responding to the risks of fraud • The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. • The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. • The legal and regulatory framework in which the Company operates, particularly those laws and regulations which have a direct effect on the financial statements, such as the Companies Act 2006, pensions and tax legislation, or which had a fundamental effect on the operations of the Company, including General Data Protection requirements, and Anti-bribery and Corruption. Audit response to risks identified Our procedures to respond to the risks identified included the following: • Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the provisions of those relevant laws and regulations which have a direct effect on the financial statements. • Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud. • Evaluation of the operating effectiveness of management’s controls designed to prevent and detect irregularities. • Enquiring of management about any actual and potential litigation and claims. • Performing analytical procedures to identify any unusual or unexpected relationships which may indicate risks of material misstatement due to fraud. We have also considered the risk of fraud through management override of controls by: • Testing the appropriateness of journal entries and other adjustments. We have used data analytics software to identify accounting transactions which may pose a heightened risk of material misstatement, whether due to fraud or error. • Challenging assumptions made by management in their significant accounting estimates, and assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and • Evaluating the business rationale of significant transactions that are unusual or outside the normal course of business.
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Farrat Isolevel Limited
Independent Auditors' Report to the Members of Farrat Isolevel Limited (continued)
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of them. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' 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 an Auditors' Report 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
3 Stockport Exchange
Cheshire
SK1 3GG
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Farrat Isolevel Limited
Statement of Income and Retained Earnings
For the Year Ended 31 December 2024
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Farrat Isolevel Limited
Registered number: 00635283
Balance Sheet
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 12 to 29 form part of these financial statements.
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
Farrat Isolevel Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00635283 and registered office address and principal place of business is Balmoral Road, Altrincham, Cheshire, WA15 8HJ.
The principal activity of the company is the design and manufacture of special purpose products for use in the construction industry.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of EOM Group Holdings Limited as at 31 December 2024 and these financial statements may be obtained from the Registrar.
The company has made a loss of £1,105,474 during the year, and has net current assets of £6,039,138.
The directors have prepared profit and cash flow forecasts, and these demonstrate that the company will continue to be able to pay its debts as they fall due for a period of not less than 12 months from the date of signing the financial statements. The company also has access to facilities where necessary. As a result, it is appropriate to prepare these financial statements on a going concern basis.
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
2.Accounting policies (continued)
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
2.Accounting policies (continued)
Goodwill
Other intangible assets
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
2.Accounting policies (continued)
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported revenues and expenses during the year. However, the nature of estimation means that the actual outcomes could differ from those estimates. The following judgement has had the most significant effect on amounts recognised in the financial statements: Measurement of provision for obsolete stock The stock provision is determined by ageing the stock in conjunction with management's knowledge and experience of stock movements. The provision applied reduces the carrying value to its selling price less costs to sell. Accordingly, provision for impairment is made where the net realisable value is less than the cost based on best estimates by management. The value of stock held at the year end totalled £615,362 (2023: £1,000,278), which included impairments of £85,582 (2023: £78,965). Recovery of external and intercompany debtor balances Management review the position regarding the recoverability of debtors and make appropriate provision where recovery is deemed doubtful. At the year end, the company held impairments against external and intercompany debtors of £899,468 (2023: £880,557). Amounts of £40,637 (2023: £174,781) were charged to the Statement of Comprehensive Income during the year, these are charged through administrative expenses and amounts written off investments. An amount of £692,275 was charged to the profit and loss reserve by way of a prior year adjustment in respect of similar impairments, and these were disclosed as such in the prior year financial statements.
Analysis of turnover by country of destination:
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
12.Taxation (continued)
There were no factors that may affect future tax charges.
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
Profit and loss account
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
The company's bank holds a debenture which grants the company's assets as security over all loans, overdrafts, other facilities and guarantees, amongst other products it may grant the company at any time. This extends to similar liabilities granted other companies within the group the company resides.
At the year end, the company's parent company held a loan of £328,001 (2023: £1,288,788) which was covered by this debenture. The loan was repaid in full after the year end.
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Farrat Isolevel Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £195,286 (2023: £124,791). Contributions totalling £34,306 (2023: £22,577) were payable to the scheme at the balance sheet date and are included in creditors.
The ultimate parent of the smallest and largest group for which consolidated financial statements are drawn
up, is EOM Group Holdings Limited, a company registered in the United Kingdom, no.12882639. The registered office of EOM Group Holdings Limited is Balmoral Road, Altrincham, Cheshire, United Kingdom, WA15 8HJ. The controlling party is deemed to be O R Farrell by virtue of his controlling stake in the voting share capital of the company.
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