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REGISTERED NUMBER: 02712511 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30th November 2023

for

FERMIONX LTD

FERMIONX LTD (REGISTERED NUMBER: 02712511)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FERMIONX LTD

Company Information
for the Year Ended 30th November 2023







DIRECTORS: J L Patrick
S J Ray
S Markham
B J Tolhurst
W J Patrick





SECRETARY: Mrs E C Patrick





REGISTERED OFFICE: Technology Centre
Easting Close
Worthing
West Sussex
BN14 8HQ





REGISTERED NUMBER: 02712511 (England and Wales)





ACCOUNTANTS: MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

FERMIONX LTD (REGISTERED NUMBER: 02712511)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 885,493 623,038
Investments 5 1,389,858 1,389,858
2,275,351 2,012,896

CURRENT ASSETS
Stocks 1,008,135 1,002,597
Debtors 6 538,942 1,033,389
Cash at bank and in hand 204,727 71,681
1,751,804 2,107,667
CREDITORS
Amounts falling due within one year 7 1,115,792 1,182,395
NET CURRENT ASSETS 636,012 925,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,911,363

2,938,168

CREDITORS
Amounts falling due after more than one
year

8

(494,108

)

(475,063

)

PROVISIONS FOR LIABILITIES (160,450 ) (86,039 )
NET ASSETS 2,256,805 2,377,066

CAPITAL AND RESERVES
Called up share capital 94,239 94,239
Share premium 1,341,495 1,341,495
Capital redemption reserve 9,883 9,883
Retained earnings 811,188 931,449
2,256,805 2,377,066

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

FERMIONX LTD (REGISTERED NUMBER: 02712511)

Balance Sheet - continued
30th 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 29th August 2024 and were signed on its behalf by:





J L Patrick - Director


FERMIONX LTD (REGISTERED NUMBER: 02712511)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Fermionx 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - over the term of the lease
Plant and machinery etc - 25% on reducing balance and straight line over 4 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

FERMIONX LTD (REGISTERED NUMBER: 02712511)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

2. ACCOUNTING POLICIES - continued

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 59 (2022 - 54 ) .

4. TANGIBLE FIXED ASSETS
Short Plant & Fixtures Motor
leasehold machinery & fittings vehicles Totals
£    £    £    £    £   
COST
At 1st December 2022 210,292 1,870,876 18,707 122,005 2,221,880
Additions 198,661 244,275 6,891 - 449,827
At 30th November 2023 408,953 2,115,151 25,598 122,005 2,671,707
DEPRECIATION
At 1st December 2022 177,116 1,374,605 11,072 36,049 1,598,842
Charge for year 12,329 144,107 3,252 27,684 187,372
At 30th November 2023 189,445 1,518,712 14,324 63,733 1,786,214
NET BOOK VALUE
At 30th November 2023 219,508 596,439 11,274 58,272 885,493
At 30th November 2022 33,176 496,271 7,635 85,956 623,038

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
machinery vehicles Totals
£    £    £   
COST
At 1st December 2022 475,066 109,505 584,571
Additions 216,596 - 216,596
At 30th November 2023 691,662 109,505 801,167
DEPRECIATION
At 1st December 2022 238,135 24,749 262,884
Charge for year 22,770 27,384 50,154
At 30th November 2023 260,905 52,133 313,038
NET BOOK VALUE
At 30th November 2023 430,757 57,372 488,129
At 30th November 2022 236,931 84,756 321,687

FERMIONX LTD (REGISTERED NUMBER: 02712511)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st December 2022
and 30th November 2023 1,389,858
NET BOOK VALUE
At 30th November 2023 1,389,858
At 30th November 2022 1,389,858

Consolidated accounts have not been prepared, as the company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the company and the group are considered eligible for the exemption as determined by reference to sections 384 and 399(2A) of the Act.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 451,056 688,308
Amounts owed by group undertakings 36,593 290,369
Other debtors 51,293 54,712
538,942 1,033,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans & overdrafts 150,879 171,802
Hire purchase contracts 107,087 77,566
Trade creditors 508,523 576,547
Amounts owed to group undertakings 171,830 126,537
Taxation and social security 46,237 119,001
Other creditors 131,236 110,942
1,115,792 1,182,395

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 221,130 372,009
Hire purchase contracts 272,978 103,054
494,108 475,063

FERMIONX LTD (REGISTERED NUMBER: 02712511)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
D Crothers
Balance outstanding at start of year 9,000 9,000
Amounts repaid - -
Amounts written off (9,000 ) -
Amounts waived - -
Balance outstanding at end of year - 9,000