Flintham & Scoley Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00881292

Flintham & Scoley Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Flintham & Scoley Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6	63,162	42,575
Investments	7	23	23
		---------	---------
		63,185	42,598

Current assets

Stocks		365,739	253,025
Debtors	8	46,269	43,318
Cash at bank and in hand		447	9,079
		----------	----------
		412,455	305,422

Creditors: amounts falling due within one year	9	508,003		355,980
		----------		----------
Net current liabilities			95,548	50,558
			---------	---------
Total assets less current liabilities			( 32,363)	( 7,960)

Creditors: amounts falling due after more than one year	10	7,500	17,500
		---------	---------
Net liabilities		( 39,863)	( 25,460)
		---------	---------

Capital and reserves

Called up share capital	50	50
Capital redemption reserve	50	50
Profit and loss account	( 39,963)	( 25,560)
	---------	---------
Shareholders deficit	( 39,863)	( 25,460)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Flintham & Scoley Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

A W Scoley
Director

Company registration number: 00881292

Flintham & Scoley Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Manor House, Bracebridge Heath, Lincoln, LN4 2HW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared under the going concern basis, which is only appropriate if the company is able to continue trading. The company had net current liabilities at the year end but the directors believe that with their continuing support the company will be able to continue trading. Should the company be unable to continue trading , adjustments would have to be made to reduce the value of assets to their recoverable amount and to provide for any further liabilities which might arise.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: (i) Depreciation charges The annual depreciation charge for tangible assets is sensitive to changes in the useful economic lives and residual values of the assets. These are reviewed periodically by the director to ensure that they reflect both external and internal factors.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Amortisation

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

	Sugar Beet Quota	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Implements and Machinery	-	15%-25% straight line
Improvements to Land & Property	-	15% Straight Line
Tenants Fixtures	-	10% straight line
Office Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Intangible assets

	Sugar beet quota
	£
Cost
At 1 April 2024 and 31 March 2025	14,535
	---------
Amortisation
At 1 April 2024 and 31 March 2025	14,535
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

6. Tangible assets

	Implements and Machinery	Improvements to Land and Property	Tenants Fixtures	Office Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	356,401	52,568	11,806	14,352	435,127
Additions	30,520	–	–	–	30,520
	----------	---------	---------	---------	----------
At 31 March 2025	386,921	52,568	11,806	14,352	465,647
	----------	---------	---------	---------	----------
Depreciation
At 1 April 2024	347,156	19,841	11,763	13,792	392,552
Charge for the year	4,029	5,752	22	130	9,933
	----------	---------	---------	---------	----------
At 31 March 2025	351,185	25,593	11,785	13,922	402,485
	----------	---------	---------	---------	----------
Carrying amount
At 31 March 2025	35,736	26,975	21	430	63,162
	----------	---------	---------	---------	----------
At 31 March 2024	9,245	32,727	43	560	42,575
	----------	---------	---------	---------	----------

7. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024 and 31 March 2025	23
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	23
	----
At 31 March 2024	23
	----

8. Debtors

	2025	2024
	£	£
Trade debtors	7,475	11,171
Other debtors	38,794	32,147
	---------	---------
	46,269	43,318
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	93,020	10,000
Trade creditors	162,119	84,431
Corporation tax	–	1
Other creditors	252,864	261,548
	----------	----------
	508,003	355,980
	----------	----------

The bank overdraft is secured by a fixed and floating charge over the company's assets.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	7,500	17,500
	-------	---------