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REGISTERED NUMBER: 06225389 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Fernie Technical Limited

Fernie Technical Limited (Registered number: 06225389)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fernie Technical Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr G Fernie





SECRETARY: Mr G Fernie





REGISTERED OFFICE: 8 Rigel Road
Stockton on Tees
TS18 3XA





REGISTERED NUMBER: 06225389 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Fernie Technical Limited (Registered number: 06225389)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,055 1,490

CURRENT ASSETS
Debtors 5 15,527 12,562
Cash at bank 927 6,529
16,454 19,091
CREDITORS
Amounts falling due within one year 6 13,179 13,217
NET CURRENT ASSETS 3,275 5,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,330

7,364

CREDITORS
Amounts falling due after more than one
year

7

(3,233

)

(5,821

)

PROVISIONS FOR LIABILITIES (200 ) (283 )
NET ASSETS 897 1,260

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 896 1,259
SHAREHOLDERS' FUNDS 897 1,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

Fernie Technical Limited (Registered number: 06225389)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2024 and were signed by:





Mr G Fernie - Director


Fernie Technical Limited (Registered number: 06225389)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Fernie Technical 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.

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 etc - 25% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 1 (2023 - 1 ) .

Fernie Technical Limited (Registered number: 06225389)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 3,791
Additions 312
At 30 April 2024 4,103
DEPRECIATION
At 1 May 2023 2,301
Charge for year 747
At 30 April 2024 3,048
NET BOOK VALUE
At 30 April 2024 1,055
At 30 April 2023 1,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,124 4,802
Other debtors 10,403 7,760
15,527 12,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 10,434 10,384
Other creditors 2,745 2,833
13,179 13,217

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 3,233 5,821

Fernie Technical Limited (Registered number: 06225389)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr G Fernie
Balance outstanding at start of year 7,760 15,392
Amounts advanced 335 8,413
Amounts repaid (312 ) (16,045 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,783 7,760

No interest has been charged on the above loan.