Registered number
12193693
FerryX Ltd
Filleted Accounts
30 September 2023
FerryX Ltd
Registered number: 12193693
Directors' Report
The directors present their report and accounts for the year ended 30 September 2023.
Principal activities
The company's principal activity during the year continued to be the development of safe and effective bacterial products for the treatment and prevention of gut inflammation.
Directors
The following persons served as directors during the year:
Dr Jenny Bailey
Dr Tristan Cogan
Dr Le Roy Dowey
Dr John Fox
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 1 May 2024 and signed on its behalf.
Dr Jenny Bailey
Director
FerryX Ltd
Registered number: 12193693
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 53
Current assets
Debtors 4 110,990 91,163
Cash at bank and in hand 95,964 144,959
206,954 236,122
Creditors: amounts falling due within one year 5 (8,708) (34,107)
Net current assets 198,246 202,015
Net assets 198,246 202,068
Capital and reserves
Called up share capital 13 12
Share premium 391,715 240,696
Profit and loss account (193,482) (38,640)
Shareholders' funds 198,246 202,068
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Jenny Bailey
Director
Approved by the board on 1 May 2024
FerryX Ltd
Statement of Changes in Equity
for the year ended 30 September 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 October 2021 12 240,696 - 6,103 246,811
Loss for the financial year (74,950) (74,950)
At 30 September 2022 12 240,696 - (68,847) 171,861
Prior year adjustment (stock) 30,207 30,207
At 30 September 2022 as restated 12 240,696 - (38,640) 202,068
At 1 October 2022 12 240,696 - (38,640) 202,068
Loss for the financial year (154,842) (154,842)
Shares issued 1 151,019 151,020
At 30 September 2023 13 391,715 - (193,482) 198,246
FerryX Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 599
At 30 September 2023 599
Depreciation
At 1 October 2022 546
Charge for the year 53
At 30 September 2023 599
Net book value
At 30 September 2023 -
At 30 September 2022 53
4 Debtors 2023 2022
£ £
Deferred tax asset 56,196 31,304
Other debtors 54,794 59,859
110,990 91,163
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,020 3,861
Taxation and social security costs 2,348 6,310
Other creditors 2,340 23,936
8,708 34,107
6 Other information
FerryX Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Future Space
Uwe North Gate, Filton Road
Stoke Gifford
Bristol
BS34 8RB
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