Company registration number 07654836 (England and Wales)
FERRERS PUB COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
FERRERS PUB COMPANY LIMITED
COMPANY INFORMATION
Director
Mr J Granfield
Company number
07654836
Registered office
18 Linden Avenue
Higham Ferrers
Northamptonshire
UK
NN10 8ET
Accountants
McShane Wright
2 College Street
Higham Ferrers
Northamptonshire
UK
NN10 8DZ
FERRERS PUB COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FERRERS PUB COMPANY LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,034
8,044
Current assets
Stocks
3,000
2,500
Cash at bank and in hand
5,433
41,434
8,433
43,934
Creditors: amounts falling due within one year
4
(43,424)
(53,980)
Net current liabilities
(34,991)
(10,046)
Net liabilities
(28,957)
(2,002)
Capital and reserves
Called up share capital
300
300
Profit and loss reserves
(29,257)
(2,302)
Total equity
(28,957)
(2,002)
For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 27 March 2025
Mr J Granfield
Director
Company registration number 07654836 (England and Wales)
FERRERS PUB COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Ferrers Pub Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 18 Linden Avenue, Higham Ferrers, Northamptonshire, UK, NN10 8ET.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company has an excess of liabilities over assets which indicates an inability to continue as a going concern. However, the director is owed £35,760 which covers the deficiency. This amount will not be withdrawn until after other creditors have been satisfied.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
FERRERS PUB COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
7
7
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 and 30 June 2024
48,561
Depreciation and impairment
At 1 July 2023
40,517
Depreciation charged in the year
2,010
At 30 June 2024
42,527
Carrying amount
At 30 June 2024
6,034
At 30 June 2023
8,044
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,315
Trade creditors
2,797
2,666
Taxation and social security
3,076
2,112
Other creditors
35,715
42,378
Accruals and deferred income
1,836
2,509
43,424
53,980
5
Related party transactions
At the year end the company owed Mr J Granfield £35,760 (2023 £42,378). This is shown under creditors.