Fenco Aldridge (Barton) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00929023 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

FENCO ALDRIDGE (BARTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S W Hinson

REGISTERED OFFICE:

Willen Works

Willen Road

Newport Pagnell

Buckinghamshire

MK16 0DG

REGISTERED NUMBER:

00929023 (England and Wales)

ACCOUNTANTS:

GB Accounting Solutions Limited

Millennium Studios

Bedford Technology Park

Thurleigh

Bedford

Bedfordshire

MK44 2YP

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

526,408

531,311

526,409

531,312

CURRENT ASSETS

Stocks

74,763

75,653

Debtors

6

81,088

135,124

Investments

7

174,333

174,333

Cash at bank and in hand

271,699

280,290

601,883

665,400

CREDITORS

Amounts falling due within one year

8

(197,205

)

(233,404

)

NET CURRENT ASSETS

404,678

431,996

TOTAL ASSETS LESS CURRENT LIABILITIES

931,087

963,308

CREDITORS

Amounts falling due after more than one year

9

(105,000

)

(140,000

)

PROVISIONS FOR LIABILITIES

(891

)

(891

)

NET ASSETS

825,196

822,417

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

10

822,196

819,417

SHAREHOLDERS' FUNDS

825,196

822,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 June 2019 and were signed by:

S W Hinson - Director

1.	STATUTORY INFORMATION

Fenco Aldridge (Barton) 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

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.

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 5 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

40,333

AMORTISATION

At 1 April 2018

and 31 March 2019

40,332

NET BOOK VALUE

At 31 March 2019

1

At 31 March 2018

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2018

and 31 March 2019

593,698

36,302

38,245

21,000

689,245

DEPRECIATION

At 1 April 2018

67,458

34,864

36,566

19,046

157,934

Charge for year

3,374

480

560

489

4,903

At 31 March 2019

70,832

35,344

37,126

19,535

162,837

NET BOOK VALUE

At 31 March 2019

522,866

958

1,119

1,465

526,408

At 31 March 2018

526,240

1,438

1,679

1,954

531,311

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

81,088

135,124

7.	CURRENT ASSET INVESTMENTS

31.3.19

31.3.18

£

£

Listed investments

174,333

174,333

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

91,024

114,933

Taxation and social security

45,215

60,958

Other creditors

60,966

57,513

197,205

233,404

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

105,000

140,000

10.

RESERVES

Retained

earnings

£

At 1 April 2018

819,417

Profit for the year

2,779

At 31 March 2019

822,196

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S W Hinson.