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REGISTERED NUMBER: 07097672 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

FERRY ELECTRICAL CONTRACTORS LIMITED

FERRY ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 07097672)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

FERRY ELECTRICAL CONTRACTORS LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: C Hodson





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Couthouse Road
Bromborough
Wirral
CH62 4UE





REGISTERED NUMBER: 07097672 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

FERRY ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 07097672)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,742 11,656
8,742 11,656

CURRENT ASSETS
Debtors 6 - 3,291
Cash in hand 2 2
2 3,293
CREDITORS
Amounts falling due within one year 7 10,146 10,316
NET CURRENT LIABILITIES (10,144 ) (7,023 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,402

)

4,633

CREDITORS
Amounts falling due after more than one
year

8

9,421

14,960
NET LIABILITIES (10,823 ) (10,327 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (10,825 ) (10,329 )
SHAREHOLDERS' FUNDS (10,823 ) (10,327 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2024 and were signed by:





C Hodson - Director


FERRY ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 07097672)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

FERRY ELECTRICAL CONTRACTORS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the basis that the enterprise will continue in operational existence for the foreseeable future. This means in particular that the profit and loss account and balance sheet assume no intention nor necessity to liquidate or curtail significantly the scale of operation. Further, the financial statements have been prepared on the basis that continued support will be given by the company's director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 10,000
AMORTISATION
At 1 August 2022
and 31 July 2023 10,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

FERRY ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 07097672)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 21,881
DEPRECIATION
At 1 August 2022 10,225
Charge for year 2,914
At 31 July 2023 13,139
NET BOOK VALUE
At 31 July 2023 8,742
At 31 July 2022 11,656

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors - 3,291

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 3,112 4,594
Hire purchase contracts 2,939 2,939
Taxation and social security 1,361 1,283
Other creditors 2,734 1,500
10,146 10,316

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 4,767 7,367
Hire purchase contracts 4,653 7,592
Other creditors 1 1
9,421 14,960

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 August 2022 (10,329 )
Deficit for the year (496 )
At 31 July 2023 (10,825 )

FERRY ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 07097672)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £1,234 (2022 - £3,29 debtor) owed to director Mr C Hodson, in respect of his Directors Loan Account.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr C Hodson by virtue of his 100% shareholding within the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
FERRY ELECTRICAL CONTRACTORS LIMITED (Registered number: 07097672)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FERRY ELECTRICAL CONTRACTORS LIMITED for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of FERRY ELECTRICAL CONTRACTORS LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FERRY ELECTRICAL CONTRACTORS LIMITED and state those matters that we have agreed to state to the director of FERRY ELECTRICAL CONTRACTORS LIMITED in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FERRY ELECTRICAL CONTRACTORS LIMITED and its director for our work or for this report.

It is your duty to ensure that FERRY ELECTRICAL CONTRACTORS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of FERRY ELECTRICAL CONTRACTORS LIMITED. You consider that FERRY ELECTRICAL CONTRACTORS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FERRY ELECTRICAL CONTRACTORS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................