M J Farrell & Sons Limited - Filleted accounts

Registered number

06801394

M J Farrell & Sons Limited

Filleted Accounts

30 April 2025

M J Farrell & Sons Limited
Registered number:		06801394
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		25,000			25,000
Tangible assets	4		31,879			42,624
			56,879			67,624

Current assets
Debtors	5	30,086			35,408
Cash at bank and in hand		48,669			95,903
		78,755			131,311

Creditors: amounts falling due within one year	6	(127,253)			(197,746)

Net current liabilities			(48,498)			(66,435)

Net assets			8,381			1,189

Capital and reserves
Called up share capital			1			1
Profit and loss account			8,380			1,188

Shareholder's funds			8,381			1,189

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M J Farrell
Director
Approved by the board on 16 January 2026

M J Farrell & Sons Limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 May 2024					25,000
	At 30 April 2025					25,000

	Amortisation
	At 30 April 2025					-

	Net book value
	At 30 April 2025					25,000
	At 30 April 2024					25,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2024	2,042		126,228		128,270
	At 30 April 2025	2,042		126,228		128,270

	Depreciation
	At 1 May 2024	1,820		83,826		85,646
	Charge for the year	145		10,600		10,745
	At 30 April 2025	1,965		94,426		96,391

	Net book value
	At 30 April 2025	77		31,802		31,879
	At 30 April 2024	222		42,402		42,624


5	Debtors			2025		2024
£					£

	Trade debtors			30,086		35,408


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			7,144		15,662
	Obligations under finance lease and hire purchase contracts			37,906		43,354
	Trade creditors			37,041		50,614
	Corporation tax			37,032		37,343
	Other taxes and social security costs			7,672		49,673
	Other creditors			458		1,100
				127,253		197,746


7	Other information

	M J Farrell & Sons Limited is a private company limited by shares and incorporated in England. Its registered office is:
	8 Silver Street
	Whitwick
	Coalville
	Leicestershire
	LE67 5ET