Fentrade Limited - Accounts to registrar (filleted) - small 18.2

Fentrade Limited - Accounts to registrar (filleted) - small 18.2

FENTRADE LIMITED - Company Information

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REGISTERED NUMBER: 11529435 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2022

for

FENTRADE LIMITED
Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 OLT








FENTRADE LIMITED (REGISTERED NUMBER: 11529435)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FENTRADE LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTORS: Mr C M Reeks
Mrs L K Tucker
Mrs V Turner





REGISTERED OFFICE: Unit 12
Maesglas Industrial Estate
Newport
NP20 2NN





REGISTERED NUMBER: 11529435 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 OLT
Page 1
FENTRADE LIMITED (REGISTERED NUMBER: 11529435)

Balance Sheet
31 JANUARY 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 159,116 58,568

CURRENT ASSETS
Stocks 108,443 63,001
Debtors 5 110,980 94,300
Cash at bank 104,734 136,567
324,157 293,868
CREDITORS
Amounts falling due within one year 6 (166,436 ) (187,863 )
NET CURRENT ASSETS 157,721 106,005
TOTAL ASSETS LESS CURRENT
LIABILITIES
316,837
164,573

CREDITORS
Amounts falling due after more than
one year
7
(95,618
)
(71,195
)

PROVISIONS FOR LIABILITIES (30,088 ) (10,962 )
NET ASSETS 191,131 82,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 191,031 82,316
SHAREHOLDERS' FUNDS 191,131 82,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 notes form part of these financial statements

Page 2 continued...
FENTRADE LIMITED (REGISTERED NUMBER: 11529435)

Balance Sheet - continued
31 JANUARY 2022


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 24 May 2022 and were signed on its behalf by:





Mr C M Reeks - Director


The notes form part of these financial statements

Page 3
FENTRADE LIMITED (REGISTERED NUMBER: 11529435)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Fentrade 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.

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 - 25% on cost, 20% on cost and 10% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable, after making due allowances 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
The company operates a defined pension contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

Page 4 continued...
FENTRADE LIMITED (REGISTERED NUMBER: 11529435)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued

Leasing
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligation, net of future finance charges are included within creditors.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2021 84,611
Additions 120,863
At 31 January 2022 205,474
DEPRECIATION
At 1 February 2021 26,043
Charge for year 20,315
At 31 January 2022 46,358
NET BOOK VALUE
At 31 January 2022 159,116
At 31 January 2021 58,568

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 90,743 84,436
Other debtors 20,237 9,864
110,980 94,300

Page 5 continued...
FENTRADE LIMITED (REGISTERED NUMBER: 11529435)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,106 3,331
Hire purchase contracts 20,693 7,818
Trade creditors 79,348 62,439
Taxation and social security 40,000 51,423
Other creditors 21,289 62,852
166,436 187,863

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 41,568 46,669
Hire purchase contracts 50,452 15,531
Other creditors 3,598 8,995
95,618 71,195

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,840 25,477

8. OTHER FINANCIAL COMMITMENTS

As at 31 January 2022 personal guarantees totalling £15,531 (2021 - £23,349) have been given by the company's directors as security for hire purchase contracts.

The company has future operating lease commitments of £145,750 (2021 - £26,917).

9. ULTIMATE CONTROLLING PARTY

The company is owned and controlled by its directors.

10. DIRECTORS LOAN ACCOUNTS

As at 31 January 2022 the company owed it's directors £0 (2021 - £49,900). This amount is interest free and repayable upon demand.

Page 6