A W Fyson Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07591784 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

A W Fyson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A W Fyson

SECRETARY:

Mrs A Fyson

REGISTERED OFFICE:

C/O Rotheras Solicitors

2 Kayes Walk

The Lace Market

Nottingham

NG1 1PZ

REGISTERED NUMBER:

07591784 (England and Wales)

ACCOUNTANTS:

Underwood Green

Pinnacle House

1 Pinnacle Way

Derby

Derbyshire

DE24 8ZS

CURRENT ASSETS

Debtors

4

342,897

190,542

CREDITORS

Amounts falling due within one year

5

42,787

25,576

NET CURRENT ASSETS

300,110

164,966

TOTAL ASSETS LESS CURRENT LIABILITIES

300,110

164,966

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

300,109

164,965

SHAREHOLDERS' FUNDS

300,110

164,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 February 2022 and were signed by:

Mr A W Fyson - Director

1.	STATUTORY INFORMATION

A W Fyson 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 represents the company's share of the profits of the partnership Rotheras Solicitors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Due from Rotheras Solicitors

253,204

148,215

Directors' current accounts

89,693

42,327

342,897

190,542

Other than as stated under directors' current account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Tax

42,007

24,796

Accruals and deferred income

780

780

42,787

25,576

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1

Ordinary

£1

1

1

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2021 and 31 May 2020:

2021

2020

£

£

Mr A W Fyson

Balance outstanding at start of year

42,327

19,578

Amounts advanced

99,664

74,765

Amounts repaid

(52,298

)

(52,016

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

89,693

42,327

Interest was charged on director's advances at HM Revenue & Customs official rate of 2.25% per annum to 5 April 2021 and 2.0% per annum thereafter.

The director's current account was repaid within nine months of the year end.