Company Registration No. 08930295 (England and Wales)
Furness Investments Limited
Unaudited accounts
for the year ended 5 April 2024
Furness Investments Limited
Unaudited accounts
Contents
Furness Investments Limited
Company Information
for the year ended 5 April 2024
Directors
Mr P McMeekin
Ms K O'Connor
Company Number
08930295 (England and Wales)
Furness Investments Limited
Statement of financial position
as at 5 April 2024
Tangible assets
26,498
30,064
Cash at bank and in hand
21,409
19,971
Creditors: amounts falling due within one year
(8,259)
(7,710)
Net current assets
13,150
12,261
Called up share capital
100
100
Profit and loss account
39,548
42,225
Shareholders' funds
39,648
42,325
For the year ending 5 April 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by
Ms K O'Connor
Director
Company Registration No. 08930295
Furness Investments Limited
Notes to the Accounts
for the year ended 5 April 2024
Furness Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08930295.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 6 April 2023
50,325
201
50,526
At 5 April 2024
55,070
201
55,271
At 6 April 2023
20,297
165
20,462
Charge for the year
8,302
9
8,311
At 5 April 2024
28,599
174
28,773
At 5 April 2024
26,471
27
26,498
At 5 April 2023
30,028
36
30,064
Furness Investments Limited
Notes to the Accounts
for the year ended 5 April 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
237
-
Loans from directors
8,022
7,710
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).