Fenco Aldridge (Barton) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 00929023 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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

495,721

508,421

495,722

508,422

CURRENT ASSETS

Stocks

55,000

59,152

Debtors

6

45,690

65,408

Investments

7

174,333

174,333

Cash at bank and in hand

363,767

276,041

638,790

574,934

CREDITORS

Amounts falling due within one year

8

(165,386

)

(136,144

)

NET CURRENT ASSETS

473,404

438,790

TOTAL ASSETS LESS CURRENT LIABILITIES

969,126

947,212

CREDITORS

Amounts falling due after more than one year

9

(71

)

(35,533

)

PROVISIONS FOR LIABILITIES

(1,009

)

(1,349

)

NET ASSETS

968,046

910,330

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

10

965,046

907,330

SHAREHOLDERS' FUNDS

968,046

910,330

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 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 director and authorised for issue on 10 September 2022 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 (2021 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

40,333

AMORTISATION

At 1 April 2021

and 31 March 2022

40,332

NET BOOK VALUE

At 31 March 2022

1

At 31 March 2021

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2021

and 31 March 2022

593,698

36,302

38,245

28,500

696,745

DEPRECIATION

At 1 April 2021

92,580

35,854

37,722

22,168

188,324

Charge for year

10,874

112

131

1,583

12,700

At 31 March 2022

103,454

35,966

37,853

23,751

201,024

NET BOOK VALUE

At 31 March 2022

490,244

336

392

4,749

495,721

At 31 March 2021

501,118

448

523

6,332

508,421

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

45,690

65,408

7.	CURRENT ASSET INVESTMENTS

31.3.22

31.3.21

£

£

Listed investments

174,333

174,333

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

43,191

33,649

Taxation and social security

51,752

37,517

Other creditors

70,443

64,978

165,386

136,144

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Other creditors

71

35,533

10.

RESERVES

Retained

earnings

£

At 1 April 2021

907,330

Profit for the year

57,716

At 31 March 2022

965,046

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S W Hinson.