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Registered Number: 03314903
England and Wales
M J FARRINGTON LIMITED
Unaudited Financial Statements
Period of accounts Start date: 01 April 2024 End date: 31 March 2025

M J Farrington Limited Contents Page For the year ended 31 March 2025
Company information | 1
Statement of financial position | 2
Notes to the financial statements | 3

M J Farrington Limited Company Information For the year ended 31 March 2025
Director | Mr M J Farrington
Registered Number | 03314903
Registered Office | 91 Moorgreen Road West End Southampton Hampshire SO30 2HG
Accountants | Numeric Accounting Limited Chartered Certified Accountants Suite 1, The Portway Centre, Old Sarum Park, Old Sarum Salisbury SP4 6EB
Secretary | Mrs A J Farrington
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M J Farrington Limited Statement of Financial Position As at 31 March 2025
| Notes | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Fixed assets |  |  |
Tangible fixed assets | 3 | 43,396 |  | 23,707
|  | 43,396 |  | 23,707
Current assets |  |  |
Stocks | 4 | 15,000 |  | 15,000
Debtors: amounts falling due within one year | 5 | 68,087 |  | 74,070
Debtors: amounts falling due after one year | 6 | 0 |  | 2,337
Cash at bank and in hand |  | 5 |  | 5
|  | 83,092 |  | 91,412
Creditors: amount falling due within one year | 7 | (101,950) |  | (104,843)
Net current assets |  | (18,858) |  | (13,431)
Total assets less current liabilities |  | 24,538 |  | 10,276
Creditors: amount falling due after more than one year | 8 | (17,627) |  | (5,391)
Provisions for liabilities | 9 | (6,391) |  | (4,505)
Net assets |  | 520 |  | 380
Capital and reserves |  |  |
Called up share capital | 10 | 100 |  | 100
Profit and loss account |  | 420 |  | 280
Shareholders' funds |  | 520 |  | 380
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director's 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. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies. The financial statements were approved by the director on 13 November 2025 and were signed by:
------------------------------- Mr M J Farrington Director
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M J Farrington Limited Notes to the Financial Statements For the year ended 31 March 2025
General Information M J Farrington Limited is a private company, limited by shares, registered in England and Wales, registration number 03314903, registration address 91 Moorgreen Road , West End, Southampton, Hampshire, SO30 2HG. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard) Turnover Turnover represents the value of work done during the year, exclusive of Value Added Tax. Finance lease and hire purchase charges Assets obtained under hire purchase contracts or finance leases are capitalised on the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Taxation Taxation for the year comprises a 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 balance sheet date. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery | 20% Straight Line
Motor Vehicles | 20% Straight Line
Fixtures and Fittings | 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. Financial instruments A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
2. | Average number of employees Average number of employees during the year was 5 (2024 : 6).
3. | Tangible fixed assets
Cost or valuation | Plant and Machinery |  | Motor Vehicles |  | Fixtures and Fittings |  | Total
| £ |  | £ |  | £ |  | £
At 01 April 2024 | 30,234 |  | 101,773 |  | 12,075 |  | 144,082
Additions | - |  | 22,750 |  | - |  | 22,750
Disposals | - |  | - |  | - |  | -
At 31 March 2025 | 30,234 |  | 124,523 |  | 12,075 |  | 166,832
Depreciation
At 01 April 2024 | 28,838 |  | 79,631 |  | 11,906 |  | 120,375
Charge for year | 504 |  | 2,454 |  | 103 |  | 3,061
On disposals | - |  | - |  | - |  | -
At 31 March 2025 | 29,342 |  | 82,085 |  | 12,009 |  | 123,436
Net book values
Closing balance as at 31 March 2025 | 892 |  | 42,438 |  | 66 |  | 43,396
Opening balance as at 01 April 2024 | 1,396 |  | 22,142 |  | 169 |  | 23,707
The net book value of Motor Vehicles includes £20,854 (2024 £nil) in respect of assets leased under finance leases or hire purchase contracts.
4. | Stocks
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Stocks | 15,000 |  | 15,000
| 15,000 |  | 15,000
5. | Debtors: amounts falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Trade Debtors | 64,717 |  | 71,949
Provision for Doubtful Debts | 0 |  | (4,979)
Other Debtors | 3,370 |  | 0
Shareholders Loan Account | 0 |  | 7,100
| 68,087 |  | 74,070
6. | Debtors: amounts falling due after one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
S455 Tax | 0 |  | 2,337
| 0 |  | 2,337
7. | Creditors: amount falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Trade Creditors | 32,103 |  | 29,224
Bank current account | 18,822 |  | 16,844
RBS Factor account | 24,890 |  | 28,659
Corporation Tax | 0 |  | 8,106
PAYE & Social Security | 3,103 |  | 3,508
Accrued Expenses | 615 |  | 615
Loan - Less than 1 year | 4,259 |  | 4,259
Hire purchase | 4,550 |  | 0
Shareholders Loan Account | 250 |  | 0
VAT | 13,358 |  | 13,628
| 101,950 |  | 104,843
8. | Creditors: amount falling due after more than one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Loan - More than 1 year | 1,323 |  | 5,391
Hire purchase | 16,304 |  | 0
| 17,627 |  | 5,391
9. | Provisions for liabilities
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Deferred Tax | 6,391 |  | 4,505
| 6,391 |  | 4,505
10. | Share Capital
Allotted, called up and fully paid | 2025 £ |  | 2024 £
--- | --- | --- | ---
100 Ordinary shares of £1.00 each | 100 |  | 100
| 100 |  | 100
11. | Related parties During the year the company entered into the following transactions with related parties:
| Transaction value - income/(expenses) |  | Balance owed by/(owed to)
--- | --- | --- | ---
| 2025 £ |  | 2024 £ |  | 2025 £ |  | 2024 £
M J & A J Farrington | 0 |  | 0 |  | (250) |  | 7,100
The loan is interest free with no fixed date of repayment.
12. | Loan The loan is unsecured for a period of 72 months and attracts interest of 0% for the first 12 months and 2.5% per annum thereafter. Repayments are made monthly. No repayments are due for the first 12 months. Amounts due for repayment: Less than 1 year: £4,259 (2024 - £4,259) More than 1 year and less than 5 years: £1,323 (2024 - £5,391)
13. | Dividend During the year, total dividends of £3,500 (2024 - £1,600) were paid to the director.
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