REGISTERED NUMBER: 01698912 (England and Wales)

Field Centres Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L E Derry

Miss M M Derry

Mrs T Jacobs

Miss L R Derry

REGISTERED OFFICE:

9 Market Place

Hedon

East Yorkshire

HU12 8JA

REGISTERED NUMBER:

01698912 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

9 Market Place

Hedon

East Yorkshire

HU12 8JA

FIXED ASSETS

Tangible assets

4

30,029

39,787

CURRENT ASSETS

Debtors

5

782

743

Cash at bank

49,339

60,324

50,121

61,067

CREDITORS

Amounts falling due within one year

6

66,012

86,738

NET CURRENT LIABILITIES

(15,891

)

(25,671

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,138

14,116

PROVISIONS FOR LIABILITIES

-

756

NET ASSETS

14,138

13,360

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

14,038

13,260

SHAREHOLDERS' FUNDS

14,138

13,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mrs L E Derry - Director

1.	STATUTORY INFORMATION

Field Centres Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

Straight line over 25 years

Plant and machinery

-

Straight line over 10 years

Motor vehicles

-

Straight line over 8 years

Classic cars

-

Straight line over 10 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Classic

property

machinery

vehicles

cars

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

58,430

8,728

25,762

69,559

162,479

DEPRECIATION

At 1 April 2024

44,758

7,838

25,137

44,959

122,692

Charge for year

2,337

152

313

6,956

9,758

At 31 March 2025

47,095

7,990

25,450

51,915

132,450

NET BOOK VALUE

At 31 March 2025

11,335

738

312

17,644

30,029

At 31 March 2024

13,672

890

625

24,600

39,787

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

782

743

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

1,449

67

VAT

-

2,845

Other creditors

102

-

Directors' current accounts

59,177

79,351

Accruals

5,284

4,475

66,012

86,738