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REGISTERED NUMBER: 05563006 (England and Wales)















Fereday Cylinder Company Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024






Fereday Cylinder Company Ltd (Registered number: 05563006)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Fereday Cylinder Company Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D J Wilson
R D Fereday
Mrs S A Fereday





SECRETARY: Mrs C Wilson





REGISTERED OFFICE: Unit 3 Thornleigh T/ Estate
Blowers Green Road
Dudley
West Midlands
DY2 8UB





REGISTERED NUMBER: 05563006 (England and Wales)





ACCOUNTANTS: JMC Accountants & Tax Advisers Ltd
76 High Street
Brierley Hill
West Midlands
DY5 3AW

Fereday Cylinder Company Ltd (Registered number: 05563006)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 131,452 108,689
131,452 108,689

CURRENT ASSETS
Stocks 3,100 5,600
Debtors 6 267,688 250,233
Cash at bank 178,157 233,332
448,945 489,165
CREDITORS
Amounts falling due within one year 7 283,483 323,312
NET CURRENT ASSETS 165,462 165,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,914

274,542

PROVISIONS FOR LIABILITIES 32,863 20,651
NET ASSETS 264,051 253,891

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 263,952 253,792
SHAREHOLDERS' FUNDS 264,051 253,891

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

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

Fereday Cylinder Company Ltd (Registered number: 05563006)

Balance Sheet - continued
31 October 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 6 March 2025 and were signed on its behalf by:





D J Wilson - Director


Fereday Cylinder Company Ltd (Registered number: 05563006)

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

1. STATUTORY INFORMATION

Fereday Cylinder Company Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.


Fereday Cylinder Company Ltd (Registered number: 05563006)

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

2. ACCOUNTING POLICIES - continued
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.

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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 90,000
AMORTISATION
At 1 November 2023
and 31 October 2024 90,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Fereday Cylinder Company Ltd (Registered number: 05563006)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 170,502 23,722 63,610 257,834
Additions 25,332 - 29,130 54,462
Disposals (8,750 ) - (10,498 ) (19,248 )
At 31 October 2024 187,084 23,722 82,242 293,048
DEPRECIATION
At 1 November 2023 101,269 14,447 33,429 149,145
Charge for year 13,969 1,394 14,813 30,176
Eliminated on disposal (7,286 ) - (10,439 ) (17,725 )
At 31 October 2024 107,952 15,841 37,803 161,596
NET BOOK VALUE
At 31 October 2024 79,132 7,881 44,439 131,452
At 31 October 2023 69,233 9,275 30,181 108,689

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 260,441 246,677
Other debtors 7,247 3,556
267,688 250,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,606 3,705
Trade creditors 88,435 83,528
Amounts owed to group undertakings 85,793 118,332
Taxation and social security 100,298 111,596
Other creditors 6,351 6,151
283,483 323,312

8. OTHER FINANCIAL COMMITMENTS

The company rents two vehicles under a contract hire agreement which ends within two to five years. The amount due in the next twelve months amounts to £25,764.