Registration number: NI642386

Feisfayre Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Feisfayre Limited

Company Information

Directors

Mrs Kerry Peacock Niamh Letitia Peacock Shannen Maria Jackson

Registered office

12 Clonevin Park LISBURN BT28 3BL

Accountants

McKeague Morgan & Company 27 College Gardens Belfast BT9 6BS

Feisfayre Limited

(Registration number: NI642386)
Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	58,799	67,199
Tangible assets	5	112,400	138,838
		171,199	206,037
Current assets
Stocks	6	175,068	187,477
Debtors	7	16,873	17,951
Cash at bank and in hand		124,815	52,826
		316,756	258,254
Creditors: Amounts falling due within one year	8	(477,379)	(482,830)
Net current liabilities		(160,623)	(224,576)
Net assets/(liabilities)		10,576	(18,539)
Capital and reserves
Called up share capital		100	100
Profit and loss account		10,476	(18,639)
Total equity		10,576	(18,539)

For the financial year ending 30 November 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Feisfayre Limited

(Registration number: NI642386)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 13 October 2025 and signed on its behalf by:
 

.........................................

Mrs Kerry Peacock
Director

Feisfayre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
12 Clonevin Park
LISBURN
BT28 3BL

These financial statements were authorised for issue by the Board on 13 October 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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Going concern

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.

Feisfayre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2	Accounting policies (continued)

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.

Tax

The tax expense for the period comprises current 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.

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
Plant & Equipment	10% Reducing Balance
Motor Vehicles	20% Straight Line
Furniture, Fittings and Equipment	20% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Feisfayre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2	Accounting policies (continued)

Asset class	Amortisation method and rate
Goodwill	10 years

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.

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

Feisfayre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2	Accounting policies (continued)

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

3	Staff numbers

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

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 December 2023	83,999	83,999
At 30 November 2024	83,999	83,999
Amortisation
At 1 December 2023	16,800	16,800
Amortisation charge	8,400	8,400
At 30 November 2024	25,200	25,200
Carrying amount
At 30 November 2024	58,799	58,799
At 30 November 2023	67,199	67,199

Feisfayre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Stocks

	2024 £	2023 £
Finished goods and goods for resale	175,068	187,477

7

Debtors

	2024 £	2023 £
Trade debtors	4,211	7,674
Prepayments	6,989	-
Other debtors	5,673	10,277
	16,873	17,951

Feisfayre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Creditors

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	10	4,814	1,710
Trade creditors		8,260	5,456
Corporation tax liability		20,373	3,001
Taxation and social security		2,358	2,304
Other creditors		395,614	419,814
Loans from directors		42,960	45,595
Accruals and deferred income		3,000	4,950
		477,379	482,830

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

10	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Bank overdrafts	4,814	1,710