IRIS Accounts Production v25.4.0.155 03526893 director 1.6.24 31.5.25 31.5.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03526893 2024-05-31 03526893 2025-05-31 03526893 2024-06-01 2025-05-31 03526893 2023-05-31 03526893 2023-06-01 2024-05-31 03526893 2024-05-31 03526893 ns15:EnglandWales 2024-06-01 2025-05-31 03526893 ns14:PoundSterling 2024-06-01 2025-05-31 03526893 ns10:Director1 2024-06-01 2025-05-31 03526893 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03526893 ns10:SmallEntities 2024-06-01 2025-05-31 03526893 ns10:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 03526893 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 03526893 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 03526893 ns10:FullAccounts 2024-06-01 2025-05-31 03526893 1 2024-06-01 2025-05-31 03526893 ns10:RegisteredOffice 2024-06-01 2025-05-31 03526893 ns5:CurrentFinancialInstruments 2025-05-31 03526893 ns5:CurrentFinancialInstruments 2024-05-31 03526893 ns5:Non-currentFinancialInstruments 2025-05-31 03526893 ns5:Non-currentFinancialInstruments 2024-05-31 03526893 ns5:ShareCapital 2025-05-31 03526893 ns5:ShareCapital 2024-05-31 03526893 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 03526893 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 03526893 ns5:NetGoodwill 2024-06-01 2025-05-31 03526893 ns5:LeaseholdImprovements 2024-06-01 2025-05-31 03526893 ns5:PlantMachinery 2024-06-01 2025-05-31 03526893 ns5:FurnitureFittings 2024-06-01 2025-05-31 03526893 ns5:MotorVehicles 2024-06-01 2025-05-31 03526893 ns5:ComputerEquipment 2024-06-01 2025-05-31 03526893 ns5:NetGoodwill 2024-05-31 03526893 ns5:NetGoodwill 2025-05-31 03526893 ns5:NetGoodwill 2024-05-31 03526893 ns5:LeaseholdImprovements 2024-05-31 03526893 ns5:PlantMachinery 2024-05-31 03526893 ns5:FurnitureFittings 2024-05-31 03526893 ns5:LeaseholdImprovements 2025-05-31 03526893 ns5:PlantMachinery 2025-05-31 03526893 ns5:FurnitureFittings 2025-05-31 03526893 ns5:LeaseholdImprovements 2024-05-31 03526893 ns5:PlantMachinery 2024-05-31 03526893 ns5:FurnitureFittings 2024-05-31 03526893 ns5:MotorVehicles 2024-05-31 03526893 ns5:ComputerEquipment 2024-05-31 03526893 ns5:MotorVehicles 2025-05-31 03526893 ns5:ComputerEquipment 2025-05-31 03526893 ns5:MotorVehicles 2024-05-31 03526893 ns5:ComputerEquipment 2024-05-31 03526893 ns5:CostValuation 2024-05-31 03526893 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 03526893 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 03526893 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-05-31 03526893 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-05-31 03526893 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-05-31 03526893 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-05-31 03526893 ns5:WithinOneYear 2025-05-31 03526893 ns5:WithinOneYear 2024-05-31 03526893 ns5:BetweenOneFiveYears 2025-05-31 03526893 ns5:BetweenOneFiveYears 2024-05-31 03526893 ns5:MoreThanFiveYears 2025-05-31 03526893 ns5:MoreThanFiveYears 2024-05-31 03526893 ns5:AllPeriods 2025-05-31 03526893 ns5:AllPeriods 2024-05-31

REGISTERED NUMBER: 03526893 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

FELLOWS LTD.

| FELLOWS LTD. (REGISTERED NUMBER: 03526893) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 9 |

| FELLOWS LTD. |

COMPANY INFORMATION

for the year ended 31 May 2025

| DIRECTOR: | D J Bunn

| REGISTERED OFFICE: | Linden House

| Linden Close

| Tunbridge Wells

| Kent

| TN4 8HH

| REGISTERED NUMBER: | 03526893 (England and Wales)

| ACCOUNTANTS: | BSR Bespoke Chartered Accountants

| Linden House

| Linden Close

| Tunbridge Wells

| Kent

| TN4 8HH

| FELLOWS LTD. (REGISTERED NUMBER: 03526893) |

BALANCE SHEET

31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 43,859 |  | 59,598 |  |

Investments | 6 | 40 |  | 40 |  |

43,899 |  | 59,638 |  |

CURRENT ASSETS

Stocks | 6,997 |  | 8,162 |  |

Debtors | 7 | 42,618 |  | 35,819 |  |

Cash at bank and in hand | 38,814 |  | 37,896 |  |

88,429 |  | 81,877 |  |

CREDITORS

Amounts falling due within one year | 8 | 55,209 |  | 67,905 |  |

NET CURRENT ASSETS | 33,220 |  | 13,972 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 77,119 |  | 73,610 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (863 | ) | (11,340 | ) |

PROVISIONS FOR LIABILITIES | (8,020 | ) | (8,704 | ) |

NET ASSETS | 68,236 |  | 53,566 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 68,234 |  | 53,564 |  |

68,236 |  | 53,566 |  |

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

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

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.

| FELLOWS LTD. (REGISTERED NUMBER: 03526893) |

BALANCE SHEET - continued

31 May 2025

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2026 and were signed by:

D J Bunn - Director

| FELLOWS LTD. (REGISTERED NUMBER: 03526893) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

1. | STATUTORY INFORMATION

| Fellows Ltd. 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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

| Revenue is recognised when it is probable that future economic benefits will flow to the company from the sale of goods and services and is measured as the fair value of consideration which the company expects to receive from those transactions. Sales of goods are recognised at the point of sale or on delivery of the goods and when the risks and rewards of ownership have passed to the customer.

| Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is initially measured at cost. Goodwill is now fully amortised.

| Tangible fixed assets

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

| Improvements to property | - | Straight line over 10 years

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | Straight line over 5 years

| Computer equipment | - | 20% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Stocks are valued on a first-in-first-out basis.

| Financial instruments

| Basic financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| FELLOWS LTD. (REGISTERED NUMBER: 03526893) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 28 (2024 - 30 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 56,979 |  |

| AMORTISATION

| At 1 June 2024

| and 31 May 2025 | 56,979 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

| FELLOWS LTD. (REGISTERED NUMBER: 03526893) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 June 2024 | 11,945 |  | 176,237 |  | 77,366 |  |

| Additions | - |  | 4,092 |  | 164 |  |

| Impairments | - |  | - |  | - |  |

| At 31 May 2025 | 11,945 |  | 180,329 |  | 77,530 |  |

| DEPRECIATION

| At 1 June 2024 | 2,013 |  | 146,244 |  | 70,837 |  |

| Charge for year | 1,194 |  | 8,530 |  | 1,675 |  |

| Impairments | - |  | - |  | - |  |

| At 31 May 2025 | 3,207 |  | 154,774 |  | 72,512 |  |

| NET BOOK VALUE

| At 31 May 2025 | 8,738 |  | 25,555 |  | 5,018 |  |

| At 31 May 2024 | 9,932 |  | 29,993 |  | 6,529 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 24,395 |  | 13,260 |  | 303,203 |  |

| Additions | - |  | 600 |  | 4,856 |  |

| Impairments | (15,785 | ) | - |  | (15,785 | ) |

| At 31 May 2025 | 8,610 |  | 13,860 |  | 292,274 |  |

| DEPRECIATION

| At 1 June 2024 | 13,290 |  | 11,221 |  | 243,605 |  |

| Charge for year | 1,280 |  | 529 |  | 13,208 |  |

| Impairments | (8,398 | ) | - |  | (8,398 | ) |

| At 31 May 2025 | 6,172 |  | 11,750 |  | 248,415 |  |

| NET BOOK VALUE

| At 31 May 2025 | 2,438 |  | 2,110 |  | 43,859 |  |

| At 31 May 2024 | 11,105 |  | 2,039 |  | 59,598 |  |

| FELLOWS LTD. (REGISTERED NUMBER: 03526893) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 40 |  |

| NET BOOK VALUE

| At 31 May 2025 | 40 |  |

| At 31 May 2024 | 40 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade debtors | 34,013 |  | 29,113 |  |

| Other debtors | 1,200 |  | 1,200 |  |

| VAT | 1,225 |  | 1,355 |  |

| Prepayments and accrued income | 6,180 |  | 4,151 |  |

42,618 |  | 35,819 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts | 10,484 |  | 10,226 |  |

| Trade creditors | 21,467 |  | 22,377 |  |

| Tax | 5,964 |  | - |  |

| Social security and other taxes | 4,640 |  | 3,192 |  |

| Other creditors | 910 |  | 7,608 |  |

| Directors' loan accounts | 382 |  | 13,272 |  |

| Accruals and deferred income | 11,362 |  | 11,230 |  |

55,209 |  | 67,905 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans - 1-2 years | 863 |  | 10,485 |  |

| Bank loans - 2-5 years | - |  | 855 |  |

863 |  | 11,340 |  |

| FELLOWS LTD. (REGISTERED NUMBER: 03526893) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.5.25 |  | 31.5.24

£ | £ |

| Within one year | 22,800 |  | 22,800 |  |

| Between one and five years | 70,300 |  | 91,200 |  |

| In more than five years | - |  | 1,900 |  |

93,100 |  | 115,900 |  |

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

FELLOWS LTD.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fellows Ltd. for the year ended 31 May 2025 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Fellows Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fellows Ltd. and state those matters that we have agreed to state to the director of Fellows Ltd. in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fellows Ltd. and its director for our work or for this report.

It is your duty to ensure that Fellows Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fellows Ltd.. You consider that Fellows Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fellows Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BSR Bespoke Chartered Accountants

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

8 January 2026