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REGISTERED NUMBER: 08970017 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Fernlo Limited

Fernlo Limited (Registered number: 08970017)






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


Fernlo Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R Keough
R I Turner





SECRETARY: R Keough





REGISTERED OFFICE: Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ





REGISTERED NUMBER: 08970017 (England and Wales)





ACCOUNTANTS: Maurice Lake & Co Limited
Accountants and
Taxation Consultants
Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ

Fernlo Limited (Registered number: 08970017)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,827 54,457

CURRENT ASSETS
Stocks 9,300 8,399
Debtors 5 11,075 3,391
Cash at bank 81,068 271,670
101,443 283,460
CREDITORS
Amounts falling due within one year 6 88,473 201,883
NET CURRENT ASSETS 12,970 81,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,797

136,034

PROVISIONS FOR LIABILITIES 7 8,835 2,635
NET ASSETS 89,962 133,399

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89,862 133,299
SHAREHOLDERS' FUNDS 89,962 133,399

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 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.

Fernlo Limited (Registered number: 08970017)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





R Keough - Director


Fernlo Limited (Registered number: 08970017)

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

1. STATUTORY INFORMATION

Fernlo 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 - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33.33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fernlo Limited (Registered number: 08970017)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 40,510 58,928 46,230 9,781 155,449
Additions 2,585 6,795 42,133 1,408 52,921
At 30 April 2024 43,095 65,723 88,363 11,189 208,370
DEPRECIATION
At 1 May 2023 19,978 32,670 41,038 7,306 100,992
Charge for year 8,426 - 11,831 1,294 21,551
At 30 April 2024 28,404 32,670 52,869 8,600 122,543
NET BOOK VALUE
At 30 April 2024 14,691 33,053 35,494 2,589 85,827
At 30 April 2023 20,532 26,258 5,192 2,475 54,457

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,094 3,391
Other debtors 2,981 -
11,075 3,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,759 29,701
Taxation and social security 24,179 54,990
Other creditors 32,535 117,192
88,473 201,883

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,835 2,635

Fernlo Limited (Registered number: 08970017)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 2,635
Provided during year 6,200
Balance at 30 April 2024 8,835