Emma Ferriman Limited 09424081 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of specialist medical practices. Digita Accounts Production Advanced 6.30.9574.0 true 09424081 2023-04-01 2024-03-31 09424081 2024-03-31 09424081 core:RetainedEarningsAccumulatedLosses 2024-03-31 09424081 core:ShareCapital 2024-03-31 09424081 core:CurrentFinancialInstruments 2024-03-31 09424081 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09424081 core:FurnitureFittings 2024-03-31 09424081 bus:SmallEntities 2023-04-01 2024-03-31 09424081 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09424081 bus:FilletedAccounts 2023-04-01 2024-03-31 09424081 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09424081 bus:Director1 2023-04-01 2024-03-31 09424081 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09424081 core:FurnitureFittings 2023-04-01 2024-03-31 09424081 core:OtherRelatedParties 2023-04-01 2024-03-31 09424081 countries:AllCountries 2023-04-01 2024-03-31 09424081 core:FurnitureFittings 2023-03-31 09424081 2022-04-01 2023-03-31 09424081 2023-03-31 09424081 core:RetainedEarningsAccumulatedLosses 2023-03-31 09424081 core:ShareCapital 2023-03-31 09424081 core:CurrentFinancialInstruments 2023-03-31 09424081 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09424081 core:FurnitureFittings 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09424081

Emma Ferriman Limited

Director's Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Emma Ferriman Limited

(Registration number: 09424081)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,607

3,141

Current assets

 

Debtors

4

54,575

32,570

Cash at bank and in hand

 

536,560

466,477

 

591,135

499,047

Creditors: Amounts falling due within one year

5

(30,728)

(30,110)

Net current assets

 

560,407

468,937

Total assets less current liabilities

 

562,014

472,078

Provisions for liabilities

(402)

(785)

Net assets

 

561,612

471,293

Capital and reserves

 

Called up share capital

10

10

Retained earnings

561,602

471,283

Shareholders' funds

 

561,612

471,293

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 14 August 2024
 

.........................................

Dr E L Ferriman

Director

 

Emma Ferriman Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Statutory information

Emma Ferriman Limited is a private company, limited by shares, domiciled in England and Wales, company number 09424081. The registered office is at 34 Westwood Road, Sheffield, S11 7EY.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Emma Ferriman Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

1

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Tangible assets

Fixtures and fittings
£

Cost or valuation

At 1 April 2023

14,040

At 31 March 2024

14,040

Depreciation

At 1 April 2023

10,899

Charge for the year

1,534

At 31 March 2024

12,433

Carrying amount

At 31 March 2024

1,607

At 31 March 2023

3,141

 

Emma Ferriman Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Debtors

Current

2024
£

2023
£

Trade debtors

25,815

29,815

Director's loan account

28,760

2,755

 

54,575

32,570

5

Creditors

2024
£

2023
£

Due within one year

Taxation and social security

29,228

28,850

Accruals and deferred income

1,500

1,260

30,728

30,110

6

Related party transactions

Summary of transactions with other related parties


Dr E L Ferriman

The overdrawn director's loan account is interest free.