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REGISTERED NUMBER: 06624843 (England and Wales)















FERAL SURF LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






FERAL SURF LTD (REGISTERED NUMBER: 06624843)

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


FERAL SURF LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A Wheadon
Mr P C Cope





SECRETARY:





REGISTERED OFFICE: 19 The Moat
Ware
Hertfordshire
SG11 1SJ





REGISTERED NUMBER: 06624843 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW

FERAL SURF LTD (REGISTERED NUMBER: 06624843)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,466 8,449

CURRENT ASSETS
Cash at bank and in hand 10,411 3,122

CREDITORS
Amounts falling due within one year 5 29,809 47,167
NET CURRENT LIABILITIES (19,398 ) (44,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,932

)

(35,596

)

CREDITORS
Amounts falling due after more than one year 6 34,894 17,828
NET LIABILITIES (38,826 ) (53,424 )

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 (39,826 ) (54,424 )
SHAREHOLDERS' FUNDS (38,826 ) (53,424 )

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 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.

FERAL SURF LTD (REGISTERED NUMBER: 06624843)

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 Board of Directors and authorised for issue on 10 January 2024 and were signed on its behalf by:





Mr A Wheadon - Director


FERAL SURF LTD (REGISTERED NUMBER: 06624843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Feral Surf 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FERAL SURF LTD (REGISTERED NUMBER: 06624843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 36,033 13,750 49,783
Additions 4,071 8,099 12,170
At 31 December 2023 40,104 21,849 61,953
DEPRECIATION
At 1 January 2023 28,259 13,075 41,334
Charge for year 2,960 2,193 5,153
At 31 December 2023 31,219 15,268 46,487
NET BOOK VALUE
At 31 December 2023 8,885 6,581 15,466
At 31 December 2022 7,774 675 8,449

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 26,541
Directors' current accounts 16,412 10,226
Accrued expenses 13,397 10,400
29,809 47,167

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 34,894 17,828

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 34,894 17,828

FERAL SURF LTD (REGISTERED NUMBER: 06624843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (54,424 )
Profit for the year 14,598
At 31 December 2023 (39,826 )

9. GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the ability of the directors and the bank to support the company and enable it to trade out of the deficit situation.