Fairacres Group Limited in Ingatestone, CM4 9QL

Description

Data updated on: 01-11-2023

Registered as 03021137 twenty nine years ago, Fairacres Group Limited is categorised as a Private Limited Company. Its official office address is Fairacres, Stock Lane Ingatestone. This company's Standard Industrial Classification Code is 70100, that means Activities of head offices. 2023-03-31 is the last time when company accounts were reported.

1 transaction have been registered in 2010 with a sum total of £503. Cooperation with the Department for Transport council covered the following areas: Legal Consultancy.

When it comes to the following business, a variety of director's tasks up till now have been executed by Rosie K., Susan S. and Michael K.. Out of these three executives, Susan S. has supervised business for the longest period of time, having been a vital part of company's Management Board for seventeen years. In order to find professional help with legal documentation, this particular business has been utilizing the skills of Claire L. as a secretary since 2021.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31
Currency

Balance Sheet
Cash Bank On Hand	5 305 872	170	236	104	25 825	42
Current Assets	19 397 103	20 064 616	20 057 234	11 252 324	10 976 330	10 800 042
Debtors	14 091 231	20 064 446	20 056 998	11 252 220	10 950 505	10 800 000
Net Assets Liabilities				28 852 678	28 262 134
Other Debtors					128 412
Property Plant Equipment	410	2			5 500	5 500
Total Inventories					2 079 608	464 938

Other Financial Data
Accrued Liabilities Deferred Income	17 750	16 750	12 631	12 427	7 366	11 714
Accumulated Amortisation Impairment Intangible Assets					10 365
Accumulated Depreciation Impairment Property Plant Equipment	13 816	14 224	14 226	14 226	1 017 857	1 085 714
Additions Other Than Through Business Combinations Property Plant Equipment					5 500	1 794
Administrative Expenses					2 536 057	3 504 158
Amounts Owed To Group Undertakings					300 000
Average Number Employees During Period			10	8	8	7
Bank Borrowings					8 000 000	8 000 000
Bank Borrowings Overdrafts		184 576	363 705	440 495	3 701 469	2 825 002
Bank Overdrafts		184 576	363 705	440 495	3 701 469	245 321
Cash Cash Equivalents				1 158 878	-17 367	2 129 005
Comprehensive Income Expense					-586 449	1 117 122
Corporation Tax Payable					72 866	307 509
Cost Sales					3 428 325	5 177 735
Creditors	55 567	238 503	9 800 000	9 700 000	9 700 000	8 000 000
Current Tax For Period					72 866	307 509
Decrease From Reversal Impairment Loss Recognised In Profit Or Loss Property Plant Equipment						300 000
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit					185 048	19 677
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences					-186 000	453 464
Depreciation Expense Property Plant Equipment					503 176	453 236
Dividends Paid Classified As Financing Activities	-18 200	-18 200	-130 000	-70 000	-4 094	-4 094
Finished Goods Goods For Resale						140 311
Fixed Assets	519 150	518 742	518 740	37 914 998	524 240	524 240
Further Item Creditors Component Total Creditors					1 700 000
Further Item Operating Income Gain Income Statement Item Component Operating Profit Loss					650 000	300 000
Further Item Tax Increase Decrease Component Adjusting Items					-186 000	-8 550
Gain Loss From Fair Value Cash Flow Hedges Before Tax Recognised In Other Comprehensive Income		178 414	-208 998
Gain Loss From Sales Investment Properties Recognised In Profit Or Loss						45 000
Gain Loss On Disposals Property Plant Equipment						-30 112
Gain Loss On Reclassification Cash Flow Hedges To Profit Or Loss From Equity Before Tax	146 516	178 414
Government Grant Income					1 269 396	160 016
Gross Profit Loss	4 891 866	5 341 360	3 999 913	4 120 267	569 185	4 981 913
Impairment Loss Reversal On Investments					453 810	-150 000
Impairment Reversal Property Plant Equipment					650 000	300 000
Income Tax Expense Credit On Components Other Comprehensive Income					32 762	122 844
Increase Decrease In Current Tax From Adjustment For Prior Periods					-50 520	-83 830
Increase From Depreciation Charge For Year Property Plant Equipment		408	2			67 857
Intangible Assets	374 771	569 342		-3 999 913	-4 120 267	-569 185
Intangible Assets Gross Cost					10 365
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings					237 930	232 190
Interest Income On Bank Deposits					2 148	1 064
Interest Paid Classified As Operating Activities					-269 131	-270 001
Interest Payable Similar Charges Finance Costs					269 131	270 001
Interest Received Classified As Investing Activities					-33 133	-38 720
Investment Property					10 900 000	11 230 000
Investments Fixed Assets	518 740	518 740	518 740	518 740	518 740	518 740
Investments In Subsidiaries	518 740	518 740	518 740	518 740	518 740	518 740
Net Current Assets Liabilities	19 341 536	19 826 113	19 635 287	10 767 628	10 589 436	10 526 936
Net Finance Income Costs					33 133	38 720
Operating Profit Loss	1 474 682	1 919 267	-230 476	-6 429 512	-27 533	1 998 390
Other Creditors	55	55	59	98	98	618 856
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment						127 972
Other Disposals Property Plant Equipment						159 653
Other Interest Receivable Similar Income Finance Income					33 133	38 720
Payments To Acquire Own Shares				-350
Pension Other Post-employment Benefit Costs Other Pension Costs					81 602	82 419
Percentage Class Share Held In Subsidiary		100	100	100	100	100
Prepayments Accrued Income					700	295 409
Profit Loss	624 089	502 369	-60 828	-8 797 309	-168 598	-58 406
Profit Loss On Ordinary Activities Before Tax	1 252 044	1 529 786	-506 747	-6 708 172	-717 341	1 917 109
Property Plant Equipment Gross Cost	14 226	14 226	14 226	14 226	1 900 000	1 900 000
Provisions For Liabilities Balance Sheet Subtotal			1 246 068	1 404 228	1 250 990	1 827 298
Raw Materials Consumables					296 640	324 627
Social Security Costs	44 189	69 014	49 619	33 937	32 840	31 719
Staff Costs Employee Benefits Expense	431 057	635 044	472 728	334 523	331 904	339 128
Tax Increase Decrease From Effect Capital Allowances Depreciation						-60 054
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss					101 380	34 975
Tax Tax Credit On Profit Or Loss On Ordinary Activities					-163 654	677 143
Total Assets Less Current Liabilities	19 860 686	20 344 855	20 154 027	11 286 368	11 113 676	11 051 176
Total Borrowings						2 825 002
Total Current Tax Expense Credit					22 346	223 679
Trade Creditors Trade Payables	3 082	9 022	6 056	3 839	197 627	2 593
Trade Debtors Trade Receivables					59 506	214 162
Turnover Revenue					3 997 510	10 159 648
Wages Salaries	386 868	566 030	423 109	300 586	299 064	3 640 551