IRIS Accounts Production v24.3.0.553 08934884 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089348842023-03-31089348842024-03-31089348842023-04-012024-03-31089348842022-03-31089348842022-04-012023-03-31089348842023-03-3108934884ns15:EnglandWales2023-04-012024-03-3108934884ns14:PoundSterling2023-04-012024-03-3108934884ns10:Director12023-04-012024-03-3108934884ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108934884ns10:SmallEntities2023-04-012024-03-3108934884ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108934884ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108934884ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108934884ns10:FullAccounts2023-04-012024-03-310893488412023-04-012024-03-3108934884ns10:OrdinaryShareClass12023-04-012024-03-3108934884ns10:Director22023-04-012024-03-3108934884ns10:RegisteredOffice2023-04-012024-03-3108934884ns5:CurrentFinancialInstruments2024-03-3108934884ns5:CurrentFinancialInstruments2023-03-3108934884ns5:Non-currentFinancialInstruments2024-03-3108934884ns5:Non-currentFinancialInstruments2023-03-3108934884ns5:ShareCapital2024-03-3108934884ns5:ShareCapital2023-03-3108934884ns5:CapitalRedemptionReserve2024-03-3108934884ns5:CapitalRedemptionReserve2023-03-3108934884ns5:RetainedEarningsAccumulatedLosses2024-03-3108934884ns5:RetainedEarningsAccumulatedLosses2023-03-3108934884ns5:NetGoodwill2023-04-012024-03-3108934884ns5:ComputerEquipment2023-04-012024-03-3108934884ns5:NetGoodwill2023-03-3108934884ns5:NetGoodwill2024-03-3108934884ns5:NetGoodwill2023-03-3108934884ns5:ComputerEquipment2023-03-3108934884ns5:ComputerEquipment2024-03-3108934884ns5:ComputerEquipment2023-03-3108934884ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108934884ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108934884ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 08934884 (England and Wales)


















Ford Engineering Supplies Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Ford Engineering Supplies Limited (Registered number: 08934884)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ford Engineering Supplies Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: P J Ford-Murphy
S A Ford-Murphy





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
Nottinghamshire
NG2 6AB





REGISTERED NUMBER: 08934884 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Ford Engineering Supplies Limited (Registered number: 08934884)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,071 999
1,071 999

CURRENT ASSETS
Debtors 7 21,589 20,966
Cash at bank and in hand 36,321 50,355
57,910 71,321
CREDITORS
Amounts falling due within one year 8 (33,611 ) (34,473 )
NET CURRENT ASSETS 24,299 36,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,370

37,847

CREDITORS
Amounts falling due after more than one
year

9

(14,036

)

(24,036

)

PROVISIONS FOR LIABILITIES (203 ) (285 )
NET ASSETS 11,131 13,526

CAPITAL AND RESERVES
Called up share capital 10 2 2
Capital redemption reserve 1 1
Retained earnings 11,128 13,523
SHAREHOLDERS' FUNDS 11,131 13,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Ford Engineering Supplies Limited (Registered number: 08934884)

Balance Sheet - continued
31st March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:





P J Ford-Murphy - Director


Ford Engineering Supplies Limited (Registered number: 08934884)

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

1. STATUTORY INFORMATION

Ford Engineering Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of six years.

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 - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Ford Engineering Supplies Limited (Registered number: 08934884)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 20,000
AMORTISATION
At 1st April 2023
and 31st March 2024 20,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023 1,999
Additions 762
At 31st March 2024 2,761
DEPRECIATION
At 1st April 2023 1,000
Charge for year 690
At 31st March 2024 1,690
NET BOOK VALUE
At 31st March 2024 1,071
At 31st March 2023 999

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,589 20,966

Ford Engineering Supplies Limited (Registered number: 08934884)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,692 7,989
Taxation and social security 15,639 15,250
Other creditors 1,280 1,234
33,611 34,473

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,036 24,036

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2