Fletcher CRE Limited - Accounts to registrar (filleted) - small 23.1

REGISTERED NUMBER: 08337706 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Fletcher CRE Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J Fletcher

Mrs K L Fletcher

REGISTERED OFFICE:

Halcyon House

20 Chorley New Road

Bolton

Lancashire

BL1 4AP

REGISTERED NUMBER:

08337706 (England and Wales)

ACCOUNTANTS:

DonnellyBentley Limited

Chartered Accountants

Hazlemere

70 Chorley New Road

Bolton

Lancashire

BL1 4BY

BANKERS:

Santander UK plc

FIXED ASSETS

Intangible assets

4

475

1,175

Tangible assets

5

3,728

1,707

4,203

2,882

CURRENT ASSETS

Debtors

6

29,562

28,254

Cash at bank and in hand

36,733

45,273

66,295

73,527

CREDITORS

Amounts falling due within one year

7

(36,087

)

(32,291

)

NET CURRENT ASSETS

30,208

41,236

TOTAL ASSETS LESS CURRENT LIABILITIES

34,411

44,118

CREDITORS

Amounts falling due after more than one year

8

(24,167

)

(34,167

)

NET ASSETS

10,244

9,951

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10,144

9,851

SHAREHOLDERS' FUNDS

10,244

9,951

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Board of Directors and authorised for issue on 22 March 2023 and were signed on its behalf by:

J J Fletcher - Director

1.	STATUTORY INFORMATION

Fletcher CRE 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2022

and 31 December 2022

3,500

AMORTISATION

At 1 January 2022

2,325

Amortisation for year

700

At 31 December 2022

3,025

NET BOOK VALUE

At 31 December 2022

475

At 31 December 2021

1,175

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2022

3,070

Additions

3,243

At 31 December 2022

6,313

DEPRECIATION

At 1 January 2022

1,363

Charge for year

1,222

At 31 December 2022

2,585

NET BOOK VALUE

At 31 December 2022

3,728

At 31 December 2021

1,707

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,140

3,690

Other debtors

100

100

Directors' current accounts

22,488

24,464

Prepayments

5,834

-

29,562

28,254

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

6,328

-

Tax

15,338

15,491

VAT

1,076

4,852

Other creditors

1,620

-

Accrued expenses

1,725

1,948

36,087

32,291

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 2-5 years

24,167

34,167

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022

2021

£

£

J J Fletcher

Balance outstanding at start of year

24,464

29,935

Amounts advanced

1,263

39,976

Amounts repaid

(3,239

)

(45,447

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,488

24,464

The directors loan is repayable by 30.9.23.