Fowlmere Engineering Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00833372

Fowlmere Engineering Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

Fowlmere Engineering Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		344,009		415,739

Current assets

Stocks		202,666	202,070
Debtors	6	485,857	497,100
Cash at bank and in hand		634,874	691,007
		------------	------------
		1,323,397	1,390,177

Creditors: amounts falling due within one year	7	965,754		1,028,225
		------------		------------
Net current assets			357,643		361,952
			---------		---------
Total assets less current liabilities			701,652		777,691

Creditors: amounts falling due after more than one year	8		86,164		105,930

Provisions

Taxation including deferred tax	28,935	44,473
	---------	---------
Net assets	586,553	627,288
	---------	---------

Capital and reserves

Called up share capital	200	200
Non-distributable reserves	51,682	51,682
Profit and loss account	534,671	575,406
	---------	---------
Shareholders funds	586,553	627,288
	---------	---------

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.

For the year ending 31 December 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 .

Fowlmere Engineering Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 9 July 2026 , and are signed on behalf of the board by:

Mr A J Nicoll

Director

Company registration number: 00833372

Fowlmere Engineering Limited

Notes to the Financial Statements

Year ended 31 December 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 The Garage, Rectory Lane, Fowlmere, Royston, Hertfordshire, SG8 7TJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the amounts receivable for goods and work done during the year exclusive of VAT.

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.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. In the case of land and buildings these were revalued at the deemed cost in September 1991.

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:

Plant & Machinery	-	15% straight line
Fixtures & Fittings	-	15% straight line
Motor Vehicles	-	20% straight line

Freehold Land - not depreciated Freehold Buildings - 4% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase price.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 20 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025	92,596	68,688	48,509	622,843	832,636
Additions	–	–	–	23,990	23,990
	--------	--------	--------	---------	---------
At 31 December 2025	92,596	68,688	48,509	646,833	856,626
	--------	--------	--------	---------	---------
Depreciation
At 1 January 2025	–	46,080	43,547	327,270	416,897
Charge for the year	–	6,070	1,492	88,158	95,720
	--------	--------	--------	---------	---------
At 31 December 2025	–	52,150	45,039	415,428	512,617
	--------	--------	--------	---------	---------
Carrying amount
At 31 December 2025	92,596	16,538	3,470	231,405	344,009
	--------	--------	--------	---------	---------
At 31 December 2024	92,596	22,608	4,962	295,573	415,739
	--------	--------	--------	---------	---------

The freehold property was revalued in September 1991 by Cheffins, Grain & Comins, Chartered Surveyors, at open market value. The surplus of £54,475 arising on the revaluation was taken to the revaluation reserve. Since this date, the directors have adopted a policy not to revalue fixed assets. In the opinion of the directors all of the value is attributable to the land and none to the building due to its age and condition.

6. Debtors

	2025	2024
	£	£
Trade debtors	362,791	327,203
Other debtors	123,066	169,897
	---------	---------
	485,857	497,100
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	589,811	644,698
Social security and other taxes	183,143	188,202
Other creditors	192,800	195,325
	---------	------------
	965,754	1,028,225
	---------	------------

Included in other creditors above are £19,766 (2024: £17,118) of obligations which are secured on the assets concerned.

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

	2025	2024
	£	£
Other creditors	86,164	105,930
	--------	---------

Included in other creditors above are £86,164 (2024: £105,930) of obligations which are secured on the assets concerned.

9. Other financial commitments

The total future minimum payments under non-cancellable obligations are £81,667 (2024: £116,667 ).