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REGISTERED NUMBER: 08798455 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

FERRY FARM LIVERY LTD

FERRY FARM LIVERY LTD (REGISTERED NUMBER: 08798455)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FERRY FARM LIVERY LTD

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTORS: Mrs C Forsey
N J Dobson
Miss D V Forsey





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 08798455 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

FERRY FARM LIVERY LTD (REGISTERED NUMBER: 08798455)

BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,350 12,722

CURRENT ASSETS
Stocks 4,382 4,442
Debtors 5 - 188
Cash at bank and in hand 14,435 10,571
18,817 15,201
CREDITORS
Amounts falling due within one year 6 10,988 8,144
NET CURRENT ASSETS 7,829 7,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,179

19,779

PROVISIONS FOR LIABILITIES 1,776 2,375
NET ASSETS 15,403 17,404

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,303 17,304
15,403 17,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

FERRY FARM LIVERY LTD (REGISTERED NUMBER: 08798455)

BALANCE SHEET - continued
31 December 2021


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 September 2022 and were signed on its behalf by:





Mrs C Forsey - Director


FERRY FARM LIVERY LTD (REGISTERED NUMBER: 08798455)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

Ferry Farm Livery Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office at Beckside Court, Annie Reed Road, Beverley, HU17 0LF and principal place of business at Ferry Farm, Carr Lane, Weel, Beverley, HU17 0SQ.

The principal activity of the company is that of a livery stables.

The presentational currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Having regard to liquidity risk, current market conditions and other factors affecting the company including the impact of Covid-19, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

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 - 10% on cost

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.


FERRY FARM LIVERY LTD (REGISTERED NUMBER: 08798455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021


2. ACCOUNTING POLICIES - continued
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 3 (2020 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 33,729
DEPRECIATION
At 1 January 2021 21,007
Charge for year 3,372
At 31 December 2021 24,379
NET BOOK VALUE
At 31 December 2021 9,350
At 31 December 2020 12,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 188

FERRY FARM LIVERY LTD (REGISTERED NUMBER: 08798455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 457 296
Taxation and social security 2,527 1,523
Other creditors 8,004 6,325
10,988 8,144