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Draft
Farrelly & Co. Limited
Registered Number:03590649
For the year ended 31 July 2024
England and Wales
Report of the Director and Unaudited Financial Statements
2
Draft
For the year ended 31 July 2024
Farrelly & Co. Limited
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Other Comprehensive Income
6
Statement of Financial Position
7
Notes to the Financial Statements
3
Draft
For the year ended 31 July 2024
Farrelly & Co. Limited
Company Information
Mr IAN FARRELLY
Director
03590649
Registered Number
5 The Base
Registered Office
Victoria Road
Dartford
Kent
DA1 5FS
Ian Farrelly
Farrelly and Co accounts Ltd
Accountants
Farrelly and Co Accounts Ltd
5 The Base
Victoria Road
Dartford
Kent
DA1 5FS
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For the year ended 31 July 2024
Farrelly & Co. Limited
Director's Report
The director presents his report and financial statements for the year ended 31 July 2024.
Principal activities
The principal activity of the company continued to be that of Accountants.
Director
The director who served the company throughout the year was as follows:
Mr IAN FARRELLY
Mr IAN FARRELLY
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
14 April 2025
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For the year ended 31 July 2024
Farrelly & Co. Limited
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
for the year ended 31 July 2024 and you consider that the company is exempt from an audit under the Companies Act
2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist
you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to
us.
Farrelly and Co Accounts Ltd
Farrelly and Co accounts Ltd
Ian Farrelly
5 The Base
Victoria Road
Dartford
Kent
DA1 5FS
Date:
15 April 2025
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For the year ended 31 July 2024
Farrelly & Co. Limited
Income Statement
2023
£
2024
£
Turnover
44,200
63,100
(41,460)
Cost of sales
(27,720)
21,640
Gross profit
16,480
Distribution costs
(559)
(741)
Administrative expenses
(10,574)
(12,886)
5,347
8,013
Operating profit
5,347
8,013
Interest payable and similar charges
(4)
(1)
5,343
8,012
Profit before taxation
(1,015)
(1,522)
Taxation
4,328
Profit for the financial year
6,490
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For the year ended 31 July 2024
Farrelly & Co. Limited
Other Comprehensive Income
2024
2023
£
£
4,328
6,490
Profit for the financial year
Total comprehensive income since last annual report
4,328
6,490
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Registered Number :
03590649
As at 31 July 2024
Farrelly & Co. Limited
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
Trade and other receivables
5,200
1,500
2
1,830
Cash and cash equivalents
109
1,609
7,030
Trade and other payables: amounts falling due within one
year
(1,535)
(1,028)
3
5,495
581
Net current assets
Total assets less current liabilities
581
5,495
Trade and other payables: amounts falling due after more
than one year
(3,752)
(10)
4
571
Net assets
1,743
Capital and reserves
Called up share capital
1
1
Retained earnings
570
1,742
571
1,743
Shareholders' funds
For the year ended 31 July 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 ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Mr IAN FARRELLY
These financial statements were approved and authorised for issue by the Board on 14 April 2025 and were signed by:
The notes form part of these financial statements
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For the year ended 31 July 2024
Farrelly & Co. Limited
Notes to the Financial Statements
Statutory Information
Farrelly & Co. Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03590649.
Registered address:
5 The Base
Victoria Road
Dartford
Kent
DA1 5FS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Trade and other receivables
2023
2024
£
£
Trade debtors
1,500
5,200
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
1,015
1,522
Other creditors
13
13
1,028
1,535
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
10
3,752
5. Average number of persons employed
During the year the average number of employees was 0
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