Registered number
12193693
FerryX Ltd
Filleted Accounts
30 September 2024
FerryX Ltd
Registered number: 12193693
Directors' Report
The directors present their report and accounts for the year ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be the development of safe and effective bacterial products for the treatment and prevention of gut inflammation.
Directors
The following persons served as directors during the year:
Dr Jenny Bailey
Dr Tristan Cogan
Dr Le Roy Dowey
Dr John Fox
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 3 December 2024 and signed on its behalf.
Dr Jenny Bailey
Director
FerryX Ltd
Registered number: 12193693
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,136 -
Tangible assets 4 515 -
6,651 -
Current assets
Debtors 5 153,562 81,896
Cash at bank and in hand 109,517 95,964
263,079 177,860
Creditors: amounts falling due within one year 6 (97,939) (8,708)
Net current assets 165,140 169,152
Net assets 171,791 169,152
Capital and reserves
Called up share capital 14 13
Share premium 694,595 391,715
Profit and loss account (522,818) (222,576)
Shareholders' funds 171,791 169,152
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Jenny Bailey
Director
Approved by the board on 3 December 2024
FerryX Ltd
Statement of Changes in Equity
for the year ended 30 September 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 October 2022 12 240,696 - (38,640) 202,068
Loss for the financial year (154,842) (154,842)
Shares issued 1 151,019 151,020
At 30 September 2023 13 391,715 - (193,482) 198,246
Effect of retrospective changes in accounting policies (29,094) (29,094)
At 30 September 2023 as restated 13 391,715 - (222,576) 169,152
At 1 October 2023 13 391,715 - (222,576) 169,152
Loss for the financial year (300,242) (300,242)
Shares issued 1 302,880 302,881
At 30 September 2024 14 694,595 - (522,818) 171,791
FerryX Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 4
3 Intangible fixed assets £
Goodwill:
Cost
Additions 6,240
At 30 September 2024 6,240
Amortisation
Provided during the year 104
At 30 September 2024 104
Net book value
At 30 September 2024 6,136
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 599
Additions 741
At 30 September 2024 1,340
Depreciation
At 1 October 2023 599
Charge for the year 226
At 30 September 2024 825
Net book value
At 30 September 2024 515
5 Debtors 2024 2023
£ £
Deferred tax asset 61,538 27,102
Other debtors 92,024 54,794
153,562 81,896
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,707 4,020
Taxation and social security costs 1,455 2,348
Other creditors 78,777 2,340
97,939 8,708
7 Other information
FerryX Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Future Space
Uwe North Gate, Filton Road
Stoke Gifford
Bristol
BS34 8RB
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