Thomas Faulkner & Sons Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01220198 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THOMAS FAULKNER & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S T Faulkner

Mrs H J Faulkner

SECRETARY:

Mrs H J Faulkner

REGISTERED OFFICE:

Tower House

4 Old Manor Court

High Street South

Stewkley

Bedfordshire

LU7 0UT

REGISTERED NUMBER:

01220198 (England and Wales)

ACCOUNTANTS:

80K Limited

59a Day's Lane

Biddenham

Bedford

Bedfordshire

MK40 4AE

FIXED ASSETS

Tangible assets

4

2,037,409

2,001,763

CURRENT ASSETS

Cash at bank

80,645

104,108

CREDITORS

Amounts falling due within one year

5

(443,303

)

(487,910

)

NET CURRENT LIABILITIES

(362,658

)

(383,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,674,751

1,617,961

CAPITAL AND RESERVES

Called up share capital

19,000

19,000

Retained earnings

1,655,751

1,598,961

SHAREHOLDERS' FUNDS

1,674,751

1,617,961

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:

S T Faulkner - Director

1.	STATUTORY INFORMATION

Thomas Faulkner & Sons 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.

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

-

15% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2022

2,014,174

51,874

2,066,048

Additions

39,394

450

39,844

At 31 March 2023

2,053,568

52,324

2,105,892

DEPRECIATION

At 1 April 2022

27,399

36,886

64,285

Charge for year

-

4,198

4,198

At 31 March 2023

27,399

41,084

68,483

NET BOOK VALUE

At 31 March 2023

2,026,169

11,240

2,037,409

At 31 March 2022

1,986,775

14,988

2,001,763

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

20,370

22,247

Other creditors

422,933

465,663

443,303

487,910

6.	ULTIMATE CONTROLLING PARTY

The controlling party is S T Faulkner.