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Company Registration No. 01446182 (England and Wales)
Falcon Low Loaders Limited Unaudited accounts for the year ended 31 May 2025
Falcon Low Loaders Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Falcon Low Loaders Limited Company Information for the year ended 31 May 2025
Director
Mr Frank Pesticcio
Company Number
01446182 (England and Wales)
Registered Office
Tolcarne, Began Road Old St. Mellons Cardiff South Glamorgan CF3 6XJ United Kingdom
Accountants
Nathan Evans Limited 16 Cambrian Way Marshfield Cardiff CF3 2WB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Falcon Low Loaders Limited for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Falcon Low Loaders Limited for the year ended 31 May 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited Chartered Accountants 16 Cambrian Way Marshfield Cardiff CF3 2WB 4 November 2025
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Falcon Low Loaders Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
149,097
195,345
Current assets
Debtors
5
43,620
44,428
Cash at bank and in hand
110,196
83,368
153,816
127,796
Creditors: amounts falling due within one year
6
(33,425)
(28,768)
Net current assets
120,391
99,028
Net assets
269,488
294,373
Capital and reserves
Called up share capital
100
100
Profit and loss account
269,388
294,273
Shareholders' funds
269,488
294,373
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 November 2025 and were signed on its behalf by
Mr Frank Pesticcio Director Company Registration No. 01446182
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Falcon Low Loaders Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Falcon Low Loaders Limited is a private company, limited by shares, registered in England and Wales, registration number 01446182. The registered office is Tolcarne, Began Road, Old St. Mellons, Cardiff, South Glamorgan, CF3 6XJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25 year straight line for buildings
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Falcon Low Loaders Limited Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
19,038
346,939
18,490
27,295
411,762
Disposals
-
(78,878)
(18,490)
-
(97,368)
At 31 May 2025
19,038
268,061
-
27,295
314,394
Depreciation
At 1 June 2024
2,729
185,492
10,165
18,031
216,417
Charge for the year
762
24,217
-
1,754
26,733
On disposals
-
(67,688)
(10,165)
-
(77,853)
At 31 May 2025
3,491
142,021
-
19,785
165,297
Net book value
At 31 May 2025
15,547
126,040
-
7,510
149,097
At 31 May 2024
16,309
161,447
8,325
9,264
195,345
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
43,620
44,428
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
8,116
636
Trade creditors
2,854
6,997
Taxes and social security
6,284
140
Other creditors
416
19,675
Loans from directors
14,435
-
Accruals
1,320
1,320
33,425
28,768
7
Controlling party
The company is under the control of Mr F Pesticcio being the sole director and shareholder. (2024: Mr F Pesticcio was a 20% shareholder. The 80% majority shareholder was Mrs J Pesticcio). During the year Mrs J Pesticcio's 80% shareholding was transferred to Mr F Pesticcio.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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