Fenco Aldridge (Barton) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00929023 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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

483,477

495,721

483,478

495,722

CURRENT ASSETS

Stocks

56,475

55,000

Debtors

6

67,490

45,690

Investments

7

174,333

174,333

Cash at bank and in hand

435,764

363,767

734,062

638,790

CREDITORS

Amounts falling due within one year

8

(171,997

)

(165,386

)

NET CURRENT ASSETS

562,065

473,404

TOTAL ASSETS LESS CURRENT LIABILITIES

1,045,543

969,126

CREDITORS

Amounts falling due after more than one year

9

-

(71

)

PROVISIONS FOR LIABILITIES

(754

)

(1,009

)

NET ASSETS

1,044,789

968,046

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

10

1,041,789

965,046

SHAREHOLDERS' FUNDS

1,044,789

968,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 23 August 2023 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 (2022 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

40,333

AMORTISATION

At 1 April 2022

and 31 March 2023

40,332

NET BOOK VALUE

At 31 March 2023

1

At 31 March 2022

1

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

593,698

103,047

696,745

DEPRECIATION

At 1 April 2022

103,454

97,570

201,024

Charge for year

10,874

1,370

12,244

At 31 March 2023

114,328

98,940

213,268

NET BOOK VALUE

At 31 March 2023

479,370

4,107

483,477

At 31 March 2022

490,244

5,477

495,721

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

67,490

45,690

7.	CURRENT ASSET INVESTMENTS

31.3.23

31.3.22

£

£

Listed investments

174,333

174,333

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

62,025

43,191

Taxation and social security

60,456

51,752

Other creditors

49,516

70,443

171,997

165,386

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Other creditors

-

71

10.

RESERVES

Retained

earnings

£

At 1 April 2022

965,046

Profit for the year

76,743

At 31 March 2023

1,041,789

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S W Hinson.