FERRERS GALLERY LIMITED

Company Registration Number:
04583704 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

FERRERS GALLERY LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

FERRERS GALLERY LIMITED

Company Information

for the Period Ended 31 August 2023




Director: Rachael Chambers
Registered office: Ferrers Gallery
Ferrers Centre For Arts & Crafts
Melbourne Rd Staunton Harold
Ashby De La Zouch
LE65 1RU
Company Registration Number: 04583704 (England and Wales)

FERRERS GALLERY LIMITED

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 698
Tangible assets: 5 357 1,541
Total fixed assets: 357 2,239
Current assets
Stocks: 25,367 26,862
Debtors: 1,520
Cash at bank and in hand: 57,546 59,417
Total current assets: 84,433 86,279
Prepayments and accrued income: 955 936
Creditors: amounts falling due within one year: ( 10,684 ) ( 21,764 )
Net current assets (liabilities): 74,704 65,451
Total assets less current liabilities: 75,061 67,690
Provision for liabilities: ( 13,515 ) ( 12,641 )
Accruals and deferred income: ( 2,401 ) ( 3,362 )
Total net assets (liabilities): 59,145 51,687

The notes form part of these financial statements

FERRERS GALLERY LIMITED

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 59,045 51,587
Shareholders funds: 59,145 51,687

For the year ending 31 August 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 6 November 2023
And Signed On Behalf Of The Board By:

Name: Rachael Chambers
Status: Director

The notes form part of these financial statements

FERRERS GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value of goods provided to the customer and work carried out in respect of services provided to the customer, net of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Fixed assets are depreciated on a straight-line basis over 3 years.

    Intangible fixed assets amortisation policy

    Acquired goodwill is written off in equal instalments over its estimated useful economic life.

    Valuation information and policy

    Stock is valued at the lower of cost or net realisable value.

FERRERS GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 6 7

FERRERS GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

FERRERS GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Dividends


2023
£

2022
£
Dividends paid 34,900 34,900

FERRERS GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Tangible Assets

Total
Cost £
At 01 September 2022 15,172
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2023 15,172
Depreciation
At 01 September 2022 13,631
Charge for year 1,184
On disposals -
Other adjustments -
At 31 August 2023 14,815
Net book value
At 31 August 2023 357
At 31 August 2022 1,541