Registered number
05736057
Ferndale Construction South-East Ltd
Filleted Accounts
31 March 2024
Ferndale Construction South-East Ltd
Registered number: 05736057
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,758 17,483
Investments 4 100 100
13,858 17,583
Current assets
Debtors 5 183,532 149,191
Cash at bank and in hand 727 30,140
184,259 179,331
Creditors: amounts falling due within one year 6 (197,270) (196,147)
Net current liabilities (13,011) (16,816)
Net assets 847 767
Capital and reserves
Called up share capital 6 6
Profit and loss account 841 761
Shareholders' funds 847 767
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.
Edward Grigg
Director
Approved by the board on 20 December 2024
Ferndale Construction South-East Ltd
Notes to the Accounts
for the year ended 31 March 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Equipments, Fixtures & Fittings 25% Reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 6,981 20,312 112,243 139,536
At 31 March 2024 6,981 20,312 112,243 139,536
Depreciation
At 1 April 2023 6,528 14,309 101,216 122,053
Charge for the year 68 900 2,757 3,725
At 31 March 2024 6,596 15,209 103,973 125,778
Net book value
At 31 March 2024 385 5,103 8,270 13,758
At 31 March 2023 453 6,003 11,027 17,483
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 100
At 31 March 2024 100
5 Debtors 2024 2023
£ £
Trade debtors 6,364 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 177,168 149,191
183,532 149,191
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 5,220
Corporation tax 4,582 2,751
Other taxes and social security costs (3,071) (298)
Other creditors 195,759 188,474
197,270 196,147
7 Related party transactions
Ferndale Construction Ltd (Subsidiary)
Amount due from the related party - -
8 Other information
Ferndale Construction South-East Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Harmer Street
Gravesend
Kent
DA12 2AX
Ferndale Construction South-East Ltd false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Edward Grigg No description of principal activity 05736057 2022-04-01 2023-03-31 05736057 core:WithinOneYear 2023-03-31 05736057 core:ShareCapital 2023-03-31 05736057 core:RetainedEarningsAccumulatedLosses 2023-03-31 05736057 2023-04-01 2024-03-31 05736057 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05736057 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05736057 bus:Director40 2023-04-01 2024-03-31 05736057 1 2023-04-01 2024-03-31 05736057 2 2023-04-01 2024-03-31 05736057 core:LandBuildings 2023-04-01 2024-03-31 05736057 core:PlantMachinery 2023-04-01 2024-03-31 05736057 core:Vehicles 2023-04-01 2024-03-31 05736057 countries:England 2023-04-01 2024-03-31 05736057 bus:FRS102 2023-04-01 2024-03-31 05736057 bus:FilletedAccounts 2023-04-01 2024-03-31 05736057 2024-03-31 05736057 core:WithinOneYear 2024-03-31 05736057 core:ShareCapital 2024-03-31 05736057 core:RetainedEarningsAccumulatedLosses 2024-03-31 05736057 core:LandBuildings 2024-03-31 05736057 core:PlantMachinery 2024-03-31 05736057 core:Vehicles 2024-03-31 05736057 2023-03-31 05736057 core:LandBuildings 2023-03-31 05736057 core:PlantMachinery 2023-03-31 05736057 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure