Faulkners Accountants Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06380675

Faulkners Accountants Limited

Filleted Unaudited Financial Statements

31 December 2025

Faulkners Accountants Limited

Financial Statements

Year Ended 31 December 2025

Contents	Pages

Statement of Financial Position	1 to 2

Notes to the Financial Statements	3 to 5

Faulkners Accountants Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed Assets

Tangible assets	5		13,343		14,229

Current Assets

Debtors	6	42,176	50,443
Cash at bank and in hand		18,726	12,045
		--------	--------
		60,902	62,488

Creditors: amounts falling due within one year	7	59,858		61,118
		--------		--------
Net Current Assets			1,044		1,370
			--------		--------
Total Assets Less Current Liabilities			14,387		15,599

Provisions

Taxation including deferred tax	2,482	2,641
	--------	--------
Net Assets	11,905	12,958
	--------	--------

Faulkners Accountants Limited

Statement of Financial Position (continued)

31 December 2025

	2025		2024
Note	£	£	£	£

Capital and Reserves

Called up share capital	8	100	100
Profit and loss account		11,805	12,858
		--------	--------
Shareholders Funds		11,905	12,958
		--------	--------

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 July 2026 , and are signed on behalf of the board by:

Mr S M Faulkner
Director

Company registration number: 06380675

Faulkners Accountants 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. The address of the registered office is 8 Bentley Lane, Willenhall, West Midlands, WV12 4AA.

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

1 Basis of Preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

2 Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

3 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.

4 Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

5 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:

Fixtures and fittings	-	15% reducing balance
Computer equipment	-	12.5% / 25% straight line

6 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.

7 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 3 (2024: 3 ).

5. Tangible Assets

	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
Cost
At 1 January 2025	14,844	25,059	39,903
Additions	–	2,145	2,145
Disposals	–	( 4,803)	( 4,803)
	--------	--------	--------
At 31 December 2025	14,844	22,401	37,245
	--------	--------	--------
Depreciation
At 1 January 2025	12,297	13,377	25,674
Charge for the year	382	2,649	3,031
Disposals	–	( 4,803)	( 4,803)
	--------	--------	--------
At 31 December 2025	12,679	11,223	23,902
	--------	--------	--------
Carrying amount
At 31 December 2025	2,165	11,178	13,343
	--------	--------	--------
At 31 December 2024	2,547	11,682	14,229
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	28,476	41,140
Other debtors	13,700	9,303
	--------	--------
	42,176	50,443
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,047	4,837
Social security and other taxes	20,435	18,572
Other creditors	34,376	37,709
	--------	--------
	59,858	61,118
	--------	--------

8. Called Up Share Capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----