Fairfax Management Consultants Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03870447 (England and Wales)

FAIRFAX MANAGEMENT CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

TJ McCracken

S McCracken

I N McCracken

D J Powell

Mr R D Luckman

C D Mapp

J P Watson

Mrs S A McCracken

SECRETARY:

Mrs S A McCracken

REGISTERED OFFICE:

Fairfax House

2 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

REGISTERED NUMBER:

03870447 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

75,424

76,167

CURRENT ASSETS

Debtors

5

1,030,134

876,052

Cash at bank

259,132

634,145

1,289,266

1,510,197

CREDITORS

Amounts falling due within one year

6

625,654

709,216

NET CURRENT ASSETS

663,612

800,981

TOTAL ASSETS LESS CURRENT LIABILITIES

739,036

877,148

CREDITORS

Amounts falling due after more than one
year

7

-

(29,167

)

PROVISIONS FOR LIABILITIES

(12,995

)

-

NET ASSETS

726,041

847,981

CAPITAL AND RESERVES

Called up share capital

10

2,000

Revaluation reserve

11

7,470

14,941

Retained earnings

716,571

831,040

SHAREHOLDERS' FUNDS

726,041

847,981

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

TJ McCracken - Director

1.	STATUTORY INFORMATION

Fairfax Management Consultants Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from recruitment consultancy is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of assignments.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest receivable

Interest income is recognised at the date the right to receive payment is established.

Tangible fixed assets

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

Plant and machinery etc - 15% and 33.33% reducing balance.

Tangible fixed assets are carried at cost or revalued amount less accumulated depreciation.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 57 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2025

322,991

Additions

31,932

Disposals

(141,471

)

At 31 December 2025

213,452

DEPRECIATION

At 1 January 2025

246,824

Charge for year

32,675

Eliminated on disposal

(141,471

)

At 31 December 2025

138,028

NET BOOK VALUE

At 31 December 2025

75,424

At 31 December 2024

76,167

Cost or valuation at 31 December 2025 is represented by:

Plant and

machinery

etc

£

Valuation in 2016

35,000

Valuation in 2021

22,412

Cost

156,040

213,452

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

508,761

369,512

Other debtors

521,373

506,540

1,030,134

876,052

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

29,167

70,000

Trade creditors

48,088

43,254

Taxation and social security

234,536

296,714

Other creditors

313,863

299,248

625,654

709,216

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

-

29,167

8.	LEASING AGREEMENTS

The company has obligations under non-cancellable operating leases due within one year of £153,415 (2024: £146,148) and due between one and five years of £335,086 (2024: £355,462) and greater than 5 years of £119,985 (2024: £185,596).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

29,167

99,167

There is a fixed and a floating charge over the undertaking and all property and assets held by HSBC Bank PLC.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

420

A Ordinary

£1

420

1,180

B Ordinary

£1

1,180

100

C Ordinary

£1

100

D Ordinary

£1

100

E Ordinary

£1

100

60

F Ordinary

£1

60

40

G Ordinary

£1

40

2,000

11.

RESERVES

Revaluation

reserve

£

At 1 January 2025

14,941

Transfer

(7,471

)

At 31 December 2025

7,470

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have directors loan accounts totalling £462,509 overdrawn brought forward (2024: £418,762). During the year, the directors of the company borrowed £444,204 (2024: £453,942) and repaid £456,947 (2024: £418,896). Interest was charged on the overdrawn amount in the year of £12,378 (2024: £8,702). The balance at the year end totalled £462,144 overdrawn (2024: £462,510 overdrawn).

Interest has been charged at the official HM Revenue & Customs rate on overdrawn balances.