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REGISTERED NUMBER: 08843397 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FERNEYHOUGH FINANCIAL SERVICES LTD

FERNEYHOUGH FINANCIAL SERVICES LTD (REGISTERED NUMBER: 08843397)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FERNEYHOUGH FINANCIAL SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Mrs H L J Ferneyhough





REGISTERED OFFICE: 7 Newenden Road
Wigan
Lancashire
WN1 2PX





REGISTERED NUMBER: 08843397 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

FERNEYHOUGH FINANCIAL SERVICES LTD (REGISTERED NUMBER: 08843397)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,327 38,563

CURRENT ASSETS
Debtors 5 10,000 11,067
Cash at bank 72,410 53,032
82,410 64,099
CREDITORS
Amounts falling due within one year 6 26,712 21,566
NET CURRENT ASSETS 55,698 42,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,025

81,096

CREDITORS
Amounts falling due after more than one
year

7

33,816

40,884
NET ASSETS 66,209 40,212

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,109 40,112
SHAREHOLDERS' FUNDS 66,209 40,212

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

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

The director acknowledges her 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.

FERNEYHOUGH FINANCIAL SERVICES LTD (REGISTERED NUMBER: 08843397)

BALANCE SHEET - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2024 and were signed by:





Mrs H L J Ferneyhough - Director


FERNEYHOUGH FINANCIAL SERVICES LTD (REGISTERED NUMBER: 08843397)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Ferneyhough Financial Services Ltd 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.

Turnover
Turnover represents the net invoiced value of services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

FERNEYHOUGH FINANCIAL SERVICES LTD (REGISTERED NUMBER: 08843397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 40,730
Additions 18,924
At 31 December 2023 59,654
DEPRECIATION
At 1 January 2023 2,167
Charge for year 13,160
At 31 December 2023 15,327
NET BOOK VALUE
At 31 December 2023 44,327
At 31 December 2022 38,563

The net book value of tangible fixed assets includes £ 26,992 (2022 - £ 35,990 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,000 11,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,488 2,488
Hire purchase contracts 5,118 5,118
Taxation and social security 16,902 11,861
Other creditors 2,204 2,099
26,712 21,566

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,203 14,153
Hire purchase contracts 21,613 26,731
33,816 40,884

FERNEYHOUGH FINANCIAL SERVICES LTD (REGISTERED NUMBER: 08843397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs H L J Ferneyhough
Balance outstanding at start of year 10,000 10,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 10,000

9. ULTIMATE CONTROLLING PARTY

Due to the shareholding the controlling party is Mrs H J L Ferneyhough