Company registration number 13445251 (England and Wales)
FERROLLOYD HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
FERROLLOYD HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FERROLLOYD HOLDINGS LIMITED (REGISTERED NUMBER: 13445251)
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
200
200
Current assets
Debtors
5
38,451
5,706
Cash at bank and in hand
8,644
10,124
47,095
15,830
Creditors: amounts falling due within one year
6
(53,244)
(17,264)
Net current liabilities
(6,149)
(1,434)
Net liabilities
(5,949)
(1,234)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(6,049)
(1,334)
Total equity
(5,949)
(1,234)

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 year ended 30 June 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 members have not required the company to obtain an audit of its financial statements for the year 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 5 March 2024
E Finch
Director
FERROLLOYD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Ferrolloyd Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, WC2R 0LT.

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 £1.

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

1.2
Going concern

The accounts have been prepared on the going concern basis, as the director believes that preparing the accounts on a break up basis would not be materially different.true

 

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

2
Employees

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

2023
2022
Number
Number
Total
1
1
FERROLLOYD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
200
200
4
Subsidiaries

Details of the company's subsidiaries at 30 June 2023 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
UK Mesh Limited
1
Ordinary
100.00
Ferrolloyd Limited
2
Ordinary
100.00

Registered office addresses (all UK unless otherwise indicated):

1
4th Floor, 399-401 Strand, London, WC2R 0LT
2
4th Floor, 399-401 Strand, London, WC2R 0LT
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
38,351
5,606
Other debtors
100
100
38,451
5,706
6
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
53,244
17,264
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
FERROLLOYD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
8
Related party transactions

The company has taken advantage of the exemption given by Financial Reporting Standard 102 Section 33.1A in relation to disclosing balances and transactions with other group companies on the grounds that the company is a parent company of the wholly owned subsidiaries.

 

At the year-end, the company is owed £5,606 (2022 : £5,606) from a fellow group company.

 

At the year-end, the company owed £48,378 (2022 :£15,264) to a company with common directors.

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