FERRYMILL MOTORS LTD

Company Registration Number:
SC643332 (Scotland)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

FERRYMILL MOTORS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

FERRYMILL MOTORS LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 282,559 306,177
Total fixed assets: 282,559 306,177
Current assets
Stocks: 19,000 19,000
Debtors:   828,449 598,486
Cash at bank and in hand: 12,440
Total current assets: 859,889 617,486
Creditors: amounts falling due within one year:   (647,270) (510,895)
Net current assets (liabilities): 212,619 106,591
Total assets less current liabilities: 495,178 412,768
Creditors: amounts falling due after more than one year:   (393,149) (383,273)
Total net assets (liabilities): 102,029 29,495
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 101,029 28,495
Shareholders funds: 102,029 29,495

The notes form part of these financial statements

FERRYMILL MOTORS LTD

Balance sheet statements

For the year ending 31 October 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: Kieran Edward MCCAHILL
Status: Director

The notes form part of these financial statements

FERRYMILL MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

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

FERRYMILL MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 47 36

FERRYMILL MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 484,201
Additions 25,303
At 31 October 2023 509,504
Depreciation
At 01 November 2022 178,024
Charge for year 48,921
At 31 October 2023 226,945
Net book value
At 31 October 2023 282,559
At 31 October 2022 306,177