Registration number: 00926875

Field Engineering (Poole) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 10

Field Engineering (Poole) Limited

Company Information

Director	Mr D L Newing

Registered office

Stafford House 10 Prince Of Wales Road DORCHESTER Dorset DT1 1PW

Solicitors

Trethowans 5 Parkstone Road Poole Dorset BH15 2NL

Accountants

Kennedy Legg Stafford House 10 Prince Of Wales Road DORCHESTER Dorset DT1 1PW

Field Engineering (Poole) Limited

(Registration number: 00926875)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	657,557	666,322
Other financial assets	5	83,916	80,881
		741,473	747,203
Current assets
Stocks	6	178,672	172,986
Debtors	7	364,094	280,822
Cash at bank and in hand		82,209	251,953
		624,975	705,761
Creditors: Amounts falling due within one year	8	(308,453)	(342,967)
Net current assets		316,522	362,794
Total assets less current liabilities		1,057,995	1,109,997
Creditors: Amounts falling due after more than one year	8	(55,049)	(127,991)
Provisions for liabilities		(6,089)	(6,089)
Net assets		996,857	975,917
Capital and reserves
Called up share capital	9	3,200	3,200
Other reserves		8,916	5,880
Retained earnings		984,741	966,837
Shareholders' funds		996,857	975,917

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Field Engineering (Poole) Limited

(Registration number: 00926875)
Balance Sheet as at 30 April 2025

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 September 2025
 

......................................... Mr D L Newing Director

Field Engineering (Poole) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Stafford House
10 Prince Of Wales Road
DORCHESTER
Dorset
DT1 1PW

The principal place of business is:
10 Factory Road
Upton Industrial Estate
Poole
Dorset
BH16 5SJ

These financial statements were authorised for issue by the director on 25 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Field Engineering (Poole) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance
Office equipment	3 years straight line/15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the initial transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at their initial transaction price.

Field Engineering (Poole) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2024 - 19).

Field Engineering (Poole) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 May 2024	80,881	80,881
Fair value adjustments	3,035	3,035
At 30 April 2025	83,916	83,916
Impairment
Carrying amount
At 30 April 2025	83,916	83,916

6

Stocks

	2025 £	2024 £
Work in progress	29,014	28,092
Finished goods and goods for resale	37,237	29,656
Other inventories	112,421	115,238
	178,672	172,986

7

Debtors

Current	2025 £	2024 £
Trade debtors	313,640	271,018
Prepayments	50,454	9,804
	364,094	280,822

Field Engineering (Poole) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	30,262	30,262
Trade creditors		94,132	47,743
Taxation and social security		102,181	127,041
Accruals and deferred income		77,745	121,095
Other creditors		4,133	16,826
		308,453	342,967

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	11	55,049	127,991

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary £1 shares of £1 each	3,200	3,200	3,200	3,200

Field Engineering (Poole) Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

10

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Other reserves £	Total £
Surplus/deficit on revaluation of other assets	3,036	3,036

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Other reserves £	Total £
Surplus/deficit on revaluation of other assets	2,251	2,251

11	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,570	46,250
Hire purchase contracts	51,479	81,741
	55,049	127,991

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	30,262	30,262