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REGISTERED NUMBER: 04620216 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

FERN ICT LIMITED

FERN ICT LIMITED (REGISTERED NUMBER: 04620216)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FERN ICT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr A M Fern
Mrs J Fern





REGISTERED OFFICE: 13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW





REGISTERED NUMBER: 04620216 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

FERN ICT LIMITED (REGISTERED NUMBER: 04620216)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,030 750

CURRENT ASSETS
Debtors 5 339 5,519
Cash at bank 5,071 15,635
5,410 21,154
CREDITORS
Amounts falling due within one year 6 5,520 7,673
NET CURRENT (LIABILITIES)/ASSETS (110 ) 13,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

920

14,231

PROVISIONS FOR LIABILITIES 196 142
NET ASSETS 724 14,089

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 714 14,079
SHAREHOLDERS' FUNDS 724 14,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FERN ICT LIMITED (REGISTERED NUMBER: 04620216)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mr A M Fern - Director


FERN ICT LIMITED (REGISTERED NUMBER: 04620216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Fern ICT Limited 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.

There are no reasons, provided by the Director to raise doubt over the company's ability to continue as a going concern.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 1 (2022 - 1 ) .

FERN ICT LIMITED (REGISTERED NUMBER: 04620216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 December 2022 1,457
Additions 637
At 30 November 2023 2,094
DEPRECIATION
At 1 December 2022 707
Charge for year 357
At 30 November 2023 1,064
NET BOOK VALUE
At 30 November 2023 1,030
At 30 November 2022 750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Other debtors 339 5,519

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Taxation and social security 2,911 5,143
Other creditors 2,609 2,530
5,520 7,673

Included within 'other creditors' is an amount payable on demand to the company director totalling £376 (£298-2022), interest has not been charged to the company on this loan.

7. CALLED UP SHARE CAPITAL

All shares rank pari passu with each other in respect of voting, dividend and distribution rights upon the winding up or dissolution of the company.

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £ £

6 Ordinary A Shares £1.00 6 6
4 Ordinary B Shares £1.00 4 4


Total Ordinary Shares 10 10