| FOLGLADE (PIPES AND FITTINGS) LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| FOLGLADE (PIPES AND FITTINGS) LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| FOLGLADE (PIPES AND FITTINGS) LIMITED (REGISTERED NUMBER: 01481388) |
| Contents of the Financial Statements |
| for the year ended 31st March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FOLGLADE (PIPES AND FITTINGS) LIMITED |
| Company Information |
| for the year ended 31st March 2025 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| FOLGLADE (PIPES AND FITTINGS) LIMITED (REGISTERED NUMBER: 01481388) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| FOLGLADE (PIPES AND FITTINGS) LIMITED (REGISTERED NUMBER: 01481388) |
| Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the director and authorised for issue on |
| FOLGLADE (PIPES AND FITTINGS) LIMITED (REGISTERED NUMBER: 01481388) |
| Notes to the Financial Statements |
| for the year ended 31st March 2025 |
| 1. | STATUTORY INFORMATION |
| Folglade (Pipes and Fittings) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| FOLGLADE (PIPES AND FITTINGS) LIMITED (REGISTERED NUMBER: 01481388) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Debtors |
| Short term debtors are measured at transition price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
| Creditors |
| Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to/from related parties. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2024 |
| Additions |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| Included in cost of land and buildings is freehold land of £ 20,000 (2024 - £ 20,000 ) which is not depreciated. |
| FOLGLADE (PIPES AND FITTINGS) LIMITED (REGISTERED NUMBER: 01481388) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 8. | RELATED PARTY DISCLOSURES |
| Included in other debtors is the sum of £45,014 (2024 - £28,657) owing from Mrs J Speakman, company shareholder. |
| Further included in other debtors is the sum of £878,577 (2024 - £613,577) owing from R L Homes, a company in which R Little, a shareholder of Folglade (Pipes and Fittings) Limited is director and shareholder. |
| Further included in other debtors is the sum of £288,800 (2024 - £288,800) owing from Highbury Bloom Limited, a company in which R Little, a shareholder of Folglade (Pipes and Fittings) Limited is director and shareholder. |
| Further included in other debtors is the sum of £10,583 (2024 - £5,592) owing from R Little, company shareholder. |
| Lastly included in other debtors is the sum of £557,716 (2024 - £557,716) owing from Little Chisnall Limited, a company in which Mrs J Speakman and R Little, shareholders of Folglade (Fittings and Pipes) Limited, are also shareholders. |
| FOLGLADE (PIPES AND FITTINGS) LIMITED (REGISTERED NUMBER: 01481388) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of the director. |