Company Registration No. SC742648 (Scotland)
FERRY CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
James Hair & Co
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
FERRY CONSULTING LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
Notes
£
£
Current assets
Debtors
3
12,000
Cash at bank and in hand
36,416
48,416
Creditors: amounts falling due within one year
4
(17,669)
Net current assets
30,747
Capital and reserves
Called up share capital
5
1
Profit and loss reserves
30,746
Total equity
30,747

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 7 February 2024
Dr M Bell
Director
Company Registration No. SC742648
FERRY CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information

Ferry Consulting Limited is a private company limited by shares incorporated in Scotland. The registered office is 52 Fintry Place, Broughty Ferry, Dundee, DD5 3BJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

The company was incorporated on 28 August 2022 and began trading on 3 October 2022.

1.3
Turnover

Turnover comprises the invoiced value of scientific consultancy services provided by the company, net of Value Added Tax and trade discounts.

 

1.4
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

1.5
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts paid by the company to the funds in respect of the year.

FERRY CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
1
3
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
12,000
4
Creditors: amounts falling due within one year
2023
£
Corporation tax
13,768
Directors current accounts
2,461
Accruals and deferred income
1,440
17,669
5
Called up share capital
2023
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1 each
1

During the period 1 ordinary share of £1 each were issued at par value. The purpose of this allotment was to raise the initial share capital of the company.

2023-08-312022-08-28false09 February 2024CCH SoftwareCCH Accounts Production 2023.100No description of principal activityDr M BellSC7426482022-08-282023-08-31SC7426482023-08-31SC742648core:CurrentFinancialInstruments2023-08-31SC742648core:ShareCapital2023-08-31SC742648core:RetainedEarningsAccumulatedLosses2023-08-31SC742648bus:Director12022-08-282023-08-31SC742648bus:PrivateLimitedCompanyLtd2022-08-282023-08-31SC742648bus:SmallCompaniesRegimeForAccounts2022-08-282023-08-31SC742648bus:FRS1022022-08-282023-08-31SC742648bus:AuditExemptWithAccountantsReport2022-08-282023-08-31SC742648bus:FullAccounts2022-08-282023-08-31xbrli:purexbrli:sharesiso4217:GBP