General Information
FENWICK AND TILBROOK LTD is a private company, limited by shares, registered in , registration number 10271851, registration address 13 THE CLOSE, NORWICH, NR1 4DS.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
20% Straight Line
|
| Computer Equipment |
33.33% Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 5 (2024 : 5).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
39,032 |
|
- |
|
39,032 |
| Additions |
209 |
|
1,471 |
|
1,680 |
| Disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
39,241 |
|
1,471 |
|
40,712 |
| Depreciation |
| At 01 April 2024 |
39,031 |
|
- |
|
39,031 |
| Charge for year |
4 |
|
41 |
|
45 |
| On disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
39,035 |
|
41 |
|
39,076 |
| Net book values |
| Closing balance as at 31 March 2025 |
206 |
|
1,430 |
|
1,636 |
| Opening balance as at 01 April 2024 |
1 |
|
- |
|
1 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
75,617 |
|
75,341 |
|
75,617 |
|
75,341 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
5,743 |
|
4,796 |
|
5,743 |
|
4,796 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
40,479 |
|
19,264 |
| Corporation Tax |
14,171 |
|
34,950 |
| Other Creditors |
23,760 |
|
- |
| Directors' Current Accounts |
1,000 |
|
10,000 |
| VAT |
9,286 |
|
11,855 |
|
88,696 |
|
76,069 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Other Creditors |
20,625 |
|
30,625 |
|
20,625 |
|
30,625 |
|
| 8. |
Share Capital
Authorised
278 Class A shares of £1.00 each
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
278
Class A shares of £1.00 each |
278 |
|
278 |
|
278 |
|
278 |
|
| 9. |
Capital Redemption Reserve
|
2025
£ |
|
2024
£ |
| Capital Redemption Reserve b/fwd |
(24,600) |
|
(24,600) |
|
(24,600) |
|
(24,600) |
|
2
|