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Company Registration No. 01730854 (England and Wales)
Ferry Management Services Limited Unaudited accounts for the year ended 30 June 2024
Ferry Management Services Limited Unaudited accounts Contents
Page
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Ferry Management Services Limited Company Information for the year ended 30 June 2024
Directors
Mr W Moses Mrs J Relf
Company Number
01730854 (England and Wales)
Registered Office
380a New Hythe Lane Larkfield Aylesford Kent ME20 6RZ England
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Ferry Management Services Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,491 
2,941 
Current assets
Debtors
564 
351 
Cash at bank and in hand
2,289 
1,774 
2,853 
2,125 
Creditors: amounts falling due within one year
(600)
(600)
Net current assets
2,253 
1,525 
Total assets less current liabilities
4,744 
4,466 
Creditors: amounts falling due after more than one year
(103,941)
(80,048)
Net liabilities
(99,197)
(75,582)
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
(104,197)
(80,582)
Shareholders' funds
(99,197)
(75,582)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by
Mr W Moses Director Company Registration No. 01730854
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Ferry Management Services Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Ferry Management Services Limited is a private company, limited by shares, registered in England and Wales, registration number 01730854. The registered office is 380a New Hythe Lane, Larkfield, Aylesford, Kent, ME20 6RZ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
Turnover
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Ferry Management Services Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
- 
10,621 
10,621 
Additions
380 
- 
380 
At 30 June 2024
380 
10,621 
11,001 
Depreciation
At 1 July 2023
- 
7,680 
7,680 
Charge for the year
95 
735 
830 
At 30 June 2024
95 
8,415 
8,510 
Net book value
At 30 June 2024
285 
2,206 
2,491 
At 30 June 2023
- 
2,941 
2,941 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
552 
351 
Accrued income and prepayments
12 
- 
564 
351 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
600 
600 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
103,941 
80,048 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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