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REGISTERED NUMBER: 01917586 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Fernshire Limited

Fernshire Limited (Registered number: 01917586)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fernshire Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr D J Twyman





REGISTERED OFFICE: Bank Chambers
High Street
Cranbrook
Kent
TN17 3EG





BUSINESS ADDRESS: Chapmans Farm
Pristling Lane
Staplehurst
Tonbridge
Kent
TN12 0HH





REGISTERED NUMBER: 01917586 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Fernshire Limited (Registered number: 01917586)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,669 28,338

CURRENT ASSETS
Stocks 33,825 30,745
Debtors 5 51,581 42,562
Cash at bank 56,307 66,175
141,713 139,482
CREDITORS
Amounts falling due within one year 6 43,039 45,417
NET CURRENT ASSETS 98,674 94,065
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,343

122,403

PROVISIONS FOR LIABILITIES 6,167 5,384
NET ASSETS 117,176 117,019

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 117,166 117,009
SHAREHOLDERS' FUNDS 117,176 117,019

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Fernshire Limited (Registered number: 01917586)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr D J Twyman - Director


Fernshire Limited (Registered number: 01917586)

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

1. STATUTORY INFORMATION

Fernshire 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. 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.
Improvements to property - Straight line over 10 years
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.

Fernshire Limited (Registered number: 01917586)

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

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. The pension cost charge for the year represents contributions payable by the company to the fund and amounted to £34,800 (2023: £6,000). There were no outstanding or prepaid contributions at either the beginning or end of the financial year.

The company operates an auto-enrolment pension scheme for staff. Contributions by the company to this were £1,118 (2023: £1,118). At the year end contributions of £92 (2023: £92) had not been paid across to the scheme.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 7,606 54,867 37,095 3,531 103,099
Additions - 1,375 - - 1,375
At 31 March 2024 7,606 56,242 37,095 3,531 104,474
DEPRECIATION
At 1 April 2023 7,606 33,505 31,043 2,607 74,761
Charge for year - 3,393 1,513 138 5,044
At 31 March 2024 7,606 36,898 32,556 2,745 79,805
NET BOOK VALUE
At 31 March 2024 - 19,344 4,539 786 24,669
At 31 March 2023 - 21,362 6,052 924 28,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 50,721 42,103
Other debtors 860 459
51,581 42,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,805 -
Taxation and social security 30,845 35,996
Other creditors 5,389 9,421
43,039 45,417

Fernshire Limited (Registered number: 01917586)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary £1 10 10