Fowlers Storrington Limited 30/04/2025 iXBRL

Company registration number: 04820729

Fowlers Storrington Limited

Unaudited filleted financial statements

30 April 2025

Fowlers Storrington Limited

Contents

Statement of financial position

Notes to the financial statements

Fowlers Storrington Limited

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	292		1,115
		_______		_______
			292		1,115

Current assets
Debtors	7	1,053,130		909,765
Cash at bank and in hand		915		348
		_______		_______
		1,054,045		910,113
Creditors: amounts falling due
within one year	8	( 1,345,239)		( 1,184,458)
		_______		_______
Net current liabilities			( 291,194)		( 274,345)
			_______		_______
Total assets less current liabilities			( 290,902)		( 273,230)

Creditors: amounts falling due
after more than one year	9		( 1,667)		( 11,667)

Provisions for liabilities			( 56)		( 279)

			_______		_______
Net liabilities			( 292,625)		( 285,176)
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			( 292,626)		( 285,177)
			_______		_______
Shareholders deficit			( 292,625)		( 285,176)
			_______		_______

For the year ending 30 April 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.

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.

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

Mr M L Hoad

Director

Company registration number: 04820729

Fowlers Storrington Limited

Notes to the financial statements

Year ended 30 April 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 Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.

2. Statement of compliance

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

At 30 April 2025, the company had an excess of liabilities over assets totalling £292,625. The company is dependent upon the future financial support of the director and other group companies under the same control, and on the basis that this sipport is forthcoming, the director also considers it appropriate for the financial statements to be prepared on the going concern basis.

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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:


Goodwill	-	20 %	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 are subsequently stated at cost less any accumulated depreciation and impairment losses.

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:


Long leasehold property	-	20 %	straight line
Plant and machinery	-	33.33 %	straight line
Fittings fixtures and equipment	-	33.33 %	straight line

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

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 May 2024 and 30 April 2025	85,705	85,705
	_______	_______
Amortisation
At 1 May 2024 and 30 April 2025	85,705	85,705
	_______	_______
Carrying amount
At 30 April 2025	-	-
	_______	_______
At 30 April 2024	-	-
	_______	_______

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 May 2024 and 30 April 2025	23,111	16,592	62,975	102,678
	_______	_______	_______	_______
Depreciation
At 1 May 2024	23,111	16,592	61,860	101,563
Charge for the year	-	-	823	823
	_______	_______	_______	_______
At 30 April 2025	23,111	16,592	62,683	102,386
	_______	_______	_______	_______
Carrying amount
At 30 April 2025	-	-	292	292
	_______	_______	_______	_______
At 30 April 2024	-	-	1,115	1,115
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	27,028	50,656
Amounts owed by group undertakings	1,023,205	855,520
Other debtors	2,897	3,589
	_______	_______
	1,053,130	909,765
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	16,152
Trade creditors	7,541	8,261
Amounts owed to group undertakings	1,299,306	1,126,876
Social security and other taxes	24,176	31,701
Other creditors	4,216	1,468
	_______	_______
	1,345,239	1,184,458
	_______	_______

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

	2025	2024
	£	£
Bank loans and overdrafts	1,667	11,667
	_______	_______

10. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	23,000	23,000
Later than 1 year and not later than 5 years	92,000	92,000
Later than 5 years	218,500	241,500
	_______	_______
	333,500	356,500
	_______	_______

11. Controlling party

The director regards Emanem Group Limited, a company registered in England and Wales, as the company's ultimate parent undertaking. The company is under the control of Mr M L Hoad , the director, by virtue of his shareholding in the parent undertaking.