Company Registration No. 07215289 (England and Wales)
A E FARRELL LTD
Unaudited accounts
for the year ended 30 September 2021
A E FARRELL LTD
Unaudited accounts
Contents
A E FARRELL LTD
Company Information
for the year ended 30 September 2021
Director
Andrew Edward Farrell
Company Number
07215289 (England and Wales)
Registered Office
SUITE 14A EGERTON HOUSE
C/O THEXTON & CO ACCOUNTANTS LTD
BIRKENHEAD
MERSEYSIDE
CH41 1FN
UNITED KINGDOM
A E FARRELL LTD
Statement of financial position
as at
30 September 2021
Tangible assets
76,709
71,829
Cash at bank and in hand
8,846
36,035
Creditors: amounts falling due within one year
(53,159)
(22,879)
Net current assets
4,916
29,848
Total assets less current liabilities
81,625
101,677
Creditors: amounts falling due after more than one year
(29,675)
(42,169)
Provisions for liabilities
Other provisions
(13,648)
(13,648)
Called up share capital
206
1
Profit and loss account
38,096
45,859
Shareholders' funds
38,302
45,860
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 April 2022 and were signed on its behalf by
Andrew Edward Farrell
Director
Company Registration No. 07215289
A E FARRELL LTD
Notes to the Accounts
for the year ended 30 September 2021
A E FARRELL LTD is a private company, limited by shares, registered in England and Wales, registration number 07215289. The registered office is SUITE 14A EGERTON HOUSE, C/O THEXTON & CO ACCOUNTANTS LTD, BIRKENHEAD, MERSEYSIDE, CH41 1FN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Per Annum - Reducing Balance
Motor vehicles
20% Per Annum - Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2020
73,645
29,296
-
102,941
Additions
18,830
-
3,040
21,870
At 30 September 2021
92,475
29,296
3,040
124,811
At 1 October 2020
10,716
20,396
-
31,112
Charge for the year
15,214
1,776
-
16,990
At 30 September 2021
25,930
22,172
-
48,102
At 30 September 2021
66,545
7,124
3,040
76,709
At 30 September 2020
62,929
8,900
-
71,829
A E FARRELL LTD
Notes to the Accounts
for the year ended 30 September 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
7,968
7,964
Other debtors
6,560
6,560
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
2,500
2,500
Obligations under finance leases and hire purchase contracts
15,292
15,292
Trade creditors
11,845
6,243
Taxes and social security
9,102
(2,771)
Other creditors
(1,097)
(2)
Loans from directors
6,469
17
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
17,285
26,873
Other creditors
(32,300)
(32,204)
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).