2025-03-01 2026-02-28 04583352 N &amp; N J Farriers Ltd false 04583352 2025-03-01 2026-02-28 04583352 uk-bus:Director1 2025-03-01 2026-02-28 04583352 uk-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 04583352 uk-bus:SmallEntities 2025-03-01 2026-02-28 04583352 uk-bus:FullAccounts 2025-03-01 2026-02-28 04583352 uk-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 04583352 2025-03-01 04583352 2026-02-28 04583352 2025-02-28 xbrli:pure iso4217:GBP 04583352 2024-03-01 2025-02-28

Company Registration Number : 04583352 (England and Wales)
04583352
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2026-02-28
false
N &amp; N J Farriers Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2025-03-01
N & N J Farriers Ltd Unaudited filleted financial statements For the year ended 28 February 2026
Chalmers & Co (SW) Limited Chartered Accountants The Old Emporium Bow Street, Langport, Somerset TA10 9PQ

N & N J Farriers Ltd Contents For the year ended 28 February 2026

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 7

N & N J Farriers Ltd Company Information For the year ended 28 February 2026

Company registration number |  | 04583352 (England and Wales)
Directors |  | Mrs N Phillips
|  | Mr N Phillips
Company secretary |  | Mrs N Philips
Registered office address |  | The Old Emporium
|  | Bow Street
|  | Langport
|  | TA10 9PQ
Accountant |  | Chalmers & Co (SW) Limited
|  | Chartered Accountants
|  | The Old Emporium
|  | Bow Street, Langport, Somerset
|  | TA10 9PQ

N & N J Farriers Ltd Statement of Financial Position For the year ended 28 February 2026

|  |  | 2026 |  | 2025
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Property, plant and equipment |  |  | 1,446 |  | 1,689
|  |  | 1,446 |  | 1,689
Current assets |  |  |  |  |
Inventories |  |  | 395 |  | 450
Debtors | 6 |  | 913 |  | 878
Cash and cash equivalents |  |  | 4,866 |  | 5,297
|  |  | 6,175 |  | 6,625
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year | 7 |  | (2,736) |  | (2,298)
Corporation tax payable |  |  | (2,260) |  | (2,780)
|  |  | (4,996) |  | (5,078)
Net current assets/(liabilities) |  |  | 1,179 |  | 1,547
Total assets less current liabilities |  |  | 2,625 |  | 3,236
Non-current liabilities |  |  |  |  |
Provisions for liabilities |  |  | (275) |  | (321)
Net assets/(liabilities) |  |  | 2,350 |  | 2,915
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 100 |  | 100
Retained earnings |  |  | 2,250 |  | 2,815
Shareholder's funds |  |  | 2,350 |  | 2,915
For the year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 08 June 2026
.............................
Mr N Phillips (Director)
Company registration number: 04583352

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2026-02-28 28 February 2026
|  |  |  | 2026 |  | 2025
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 1,446 |  | 1,689
Current Assets |  |  |  | 5,261 |  | 5,842
Cash in Hand/Bank |  |  |  | 4,866 |  | 5,297
Prepayments and accrued income |  |  |  | 913 |  | 783
Creditors: amounts falling due within one year |  |  |  | (4,996) |  | (5,078)
Net current assets/(liabilities) |  |  |  | 1,179 |  | 1,547
Total assets less current liabilities |  |  |  | 2,625 |  | 3,236
Provisions for liabilities |  |  |  | (275) |  | (321)
Net Assets/(liabilities) |  |  |  | 2,350 |  | 2,915
Capital and Reserves |  |  |  | 2,350 |  | 2,915
Called up share capital |  |  |  | 100 |  | 100
Profit and loss account |  |  |  | 2,250 |  | 2,815
SHAREHOLDER'S FUND |  |  |  | 2,350 |  | 2,915
For the year ending 28/02/2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 28-02-2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year 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 accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 08 June 2026 2026-06-08 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Mr N Phillips |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 04583352 |  |  |  |  |  |  |  |  |  |

N & N J Farriers Ltd Notes to the Financial Statements For the year ended 28 February 2026

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is The Old Emporium, Bow Street, Langport, TA10 9PQ.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
Land and Buildings |
Plant and Machinery | 10% reducing balance
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings |
Equipment |
Motor Cars | 25% reducing balance
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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 as a finance cost in profit or loss in the period it arises
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Going concern
The directors have reviewed the company's current trading position and believe that it has sufficient resources and is well placed to manage its business risks successfully despite the current economic outlook. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the accounts.
(4) Employees
During the year, the average number of employees including director was 2 (2025 : 2).
(5) Tangible fixed assets
| Equipment | Motor Vehicles | Totals
| £ | £ | £
Cost |  |  |
As at 01 March 2025 | 3,044 | 21,139 | 24,183
As at 28 February 2026 | 3,044 | 21,139 | 24,183
Depreciation |  |  |
As at 01 March 2025 | 1,847 | 20,648 | 22,495
For the year | 120 | 123 | 243
As at 28 February 2026 | 1,967 | 20,771 | 22,738
Net book value |  |  |
As at 28 February 2026 | 1,078 | 368 | 1,445
As at 28 February 2025 | 1,197 | 491 | 1,688
(6) Debtors
Amounts falling due within one year
| 2026 |  | 2025
| £ |  | £
Other debtors | - |  | 95
Prepayments and accrued income | 913 |  | 783
| 913 |  | 878
(7) Creditors: Amounts falling due within one year
Included in creditors, amount falling due within one year, is an amount of £225 (2025: £122) owed to the director's of the company. This amount is interest free and repayable on demand.
| 2026 |  | 2025
| £ |  | £
Trade creditors | 97 |  | -
Other taxes and social security | 125 |  | 76
Other creditors | 225 |  | 122
Accruals and deferred income | 2,290 |  | 2,100
| 2,737 |  | 2,298
(8) Called up share capital
Alloted, called up and fully paid: | 2026 |  | 2025
| £ |  | £
100 (2025 : 100) Ordinary Shares of £ 1 each | 100 |  | 100
| 100 |  | 100
Retained earnings |  |  | 2026
|  |  | £
At 1 March 2025 |  |  | 2,815
Profit of the year |  |  | 9,435
Dividends paid |  |  | (10,000)
At 28 February 2026 |  |  | 2,250