REGISTERED NUMBER: 06052129 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MJ Fell Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Fell

Mrs J L Fell

SECRETARY:

Mrs J L Fell

REGISTERED OFFICE:

Chapel Farm

Newton

Carnforth

Lancashire

LA6 2PA

REGISTERED NUMBER:

06052129 (England and Wales)

ACCOUNTANTS:

Benson Accountants

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

701,963

744,156

Investments

6

100

100

702,063

744,256

CURRENT ASSETS

Stocks

103,342

142,492

Debtors

7

578,038

575,302

681,380

717,794

CREDITORS

Amounts falling due within one year

8

339,125

376,348

NET CURRENT ASSETS

342,255

341,446

TOTAL ASSETS LESS CURRENT LIABILITIES

1,044,318

1,085,702

CREDITORS

Amounts falling due after more than one year

9

-

(80,885

)

PROVISIONS FOR LIABILITIES

(54,192

)

(54,147

)

NET ASSETS

990,126

950,670

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

125,022

125,022

Other reserves

17,824

17,824

Retained earnings

847,180

807,724

990,126

950,670

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 30 September 2025 and were signed on its behalf by:

Mr M J Fell - Director

Mrs J L Fell - Director

1.	STATUTORY INFORMATION

MJ Fell Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

60,000

AMORTISATION

At 1 April 2024

and 31 March 2025

60,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Dairy

property

machinery

vehicles

herd

Totals

£

£

£

£

£

COST

At 1 April 2024

235,527

727,862

11,062

310,791

1,285,242

Additions

-

40,608

-

-

40,608

Disposals

-

(17,150

)

-

(42,365

)

(59,515

)

At 31 March 2025

235,527

751,320

11,062

268,426

1,266,335

DEPRECIATION

At 1 April 2024

6,490

524,099

10,497

-

541,086

Charge for year

-

36,013

141

-

36,154

Eliminated on disposal

-

(12,868

)

-

-

(12,868

)

At 31 March 2025

6,490

547,244

10,638

-

564,372

NET BOOK VALUE

At 31 March 2025

229,037

204,076

424

268,426

701,963

At 31 March 2024

229,037

203,763

565

310,791

744,156

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

166,857

136,255

Other debtors

411,181

439,047

578,038

575,302

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

82,567

151,557

Trade creditors

166,519

162,727

Taxation and social security

44,278

46,366

Other creditors

45,761

15,698

339,125

376,348

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

-

80,885

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank overdrafts

82,567

123,009

Bank loans

-

109,433

82,567

232,442

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

Mr M J Fell

Balance outstanding at start of year

(8,198

)

(41,527

)

Amounts advanced

38,824

76,324

Amounts repaid

(36,880

)

(42,995

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,254

)

(8,198

)

Mrs J L Fell

Balance outstanding at start of year

13,397

(32,272

)

Amounts advanced

39,083

76,818

Amounts repaid

(34,412

)

(31,149

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,068

13,397

12.	RELATED PARTY DISCLOSURES

The company was under the control of its directors, Mr M J Fell and Mrs J L Fell, throughout the current and previous period.

During the year the company had a loan with Mr and Mrs Fell as shown in note 12. This loan is interest free, unsecured and repayable on demand.