REGISTERED NUMBER: 07872324 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Fairhurst Menuhin & Co Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Fairhurst

Mr A Menuhin

Mr P F Herriott

REGISTERED OFFICE:

Thorn House

11a Hill Street

Saffron Walden

Essex

CB10 1EH

REGISTERED NUMBER:

07872324 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Intangible assets

4

6,400

9,600

Property, plant and equipment

5

7,991

6,138

14,391

15,738

CURRENT ASSETS

Inventories

40,500

40,500

Debtors

6

90,942

43,674

Cash at bank and in hand

21,049

4,530,204

152,491

4,614,378

CREDITORS

Amounts falling due within one year

7

(130,193

)

(4,566,951

)

NET CURRENT ASSETS

22,298

47,427

TOTAL ASSETS LESS CURRENT LIABILITIES

36,689

63,165

CREDITORS

Amounts falling due after more than one year

8

(10,000

)

(34,000

)

NET ASSETS

26,689

29,165

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

25,689

28,165

SHAREHOLDERS' FUNDS

26,689

29,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr A Menuhin - Director

Mr P Fairhurst - Director

1.	STATUTORY INFORMATION

Fairhurst Menuhin & Co Ltd 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.

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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

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.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful economic life of that asset as follows:

Trademarks - 5 years straight line

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Work in progress

Work in progress is valued on the basis of chargeable time unbilled at the balance sheet date, including an element of overheads and profit.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

53,000

720

53,720

AMORTISATION

At 1 January 2024

43,400

720

44,120

Amortisation for year

3,200

-

3,200

At 31 December 2024

46,600

720

47,320

NET BOOK VALUE

At 31 December 2024

6,400

-

6,400

At 31 December 2023

9,600

-

9,600

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

7,740

3,000

20,276

31,016

Additions

44

-

4,056

4,100

At 31 December 2024

7,784

3,000

24,332

35,116

DEPRECIATION

At 1 January 2024

4,654

2,852

17,372

24,878

Charge for year

470

37

1,740

2,247

At 31 December 2024

5,124

2,889

19,112

27,125

NET BOOK VALUE

At 31 December 2024

2,660

111

5,220

7,991

At 31 December 2023

3,086

148

2,904

6,138

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

90,942

43,674

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

24,000

24,000

Clients ledger balances

-

4,164,810

Trade creditors

136

4,972

Taxation and social security

51,164

57,144

Other creditors

54,893

316,025

130,193

4,566,951

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

10,000

34,000

9.	RELATED PARTY DISCLOSURES

The Director, Mr A Menuhin is considered to be key management personnel.