Company Registration No. 12621588 (England and Wales)
Ardeley Faraday Limited
Unaudited accounts
for the year ended 31 May 2024
Ardeley Faraday Limited
Unaudited accounts
Contents
Ardeley Faraday Limited
Company Information
for the year ended 31 May 2024
Company Number
12621588 (England and Wales)
Registered Office
5 Scholars Close
Felsted
Dunmow
Essex
CM6 3YH
England
Accountants
Miles & Co
157 Woodlands Park Drive
Dunmow
Essex
CM6 1WT
Ardeley Faraday Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
6
6
Creditors: amounts falling due within one year
(557)
(557)
Net current liabilities
(551)
(551)
Net liabilities
(551)
(551)
Called up share capital
2
2
Profit and loss account
(553)
(553)
Shareholders' funds
(551)
(551)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr A Frye
Director
Company Registration No. 12621588
Ardeley Faraday Limited
Notes to the Accounts
for the year ended 31 May 2024
Ardeley Faraday Limited is a private company, limited by shares, registered in England and Wales, registration number 12621588. The registered office is 5 Scholars Close, Felsted, Dunmow, Essex, CM6 3YH, England.
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.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
The company has elected to apply the provisions of Section 11: 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Short term debtors are measured at transaction price, less any impairments.
Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price.
Ardeley Faraday Limited
Notes to the Accounts
for the year ended 31 May 2024
Taxation for the period 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.
4
Creditors: amounts falling due within one year
2024
2023
Loans from directors
557
557
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).