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REGISTERED NUMBER: 05027050 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

FERNLAND ENGINEERING (LIVERPOOL) LTD

FERNLAND ENGINEERING (LIVERPOOL) LTD (Registered number: 05027050)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FERNLAND ENGINEERING (LIVERPOOL) LTD

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Philip Anthony Kelly
Mrs Doreen Kelly





REGISTERED OFFICE: UNIT 16 SEYMOUR STREET
MILLERS BRIDGE IND ESTATE
LIVERPOOL
Merseyside
L20 1EE





REGISTERED NUMBER: 05027050 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

FERNLAND ENGINEERING (LIVERPOOL) LTD (Registered number: 05027050)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 103,170 131,921

CURRENT ASSETS
Stocks 95,000 90,000
Debtors 5 284,497 305,698
Cash at bank and in hand (10,775 ) 24,188
368,722 419,886
CREDITORS
Amounts falling due within one year 6 227,382 381,987
NET CURRENT ASSETS 141,340 37,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,510

169,820

CREDITORS
Amounts falling due after more than
one year

7

(113,043

)

(54,900

)

PROVISIONS FOR LIABILITIES (19,602 ) (17,815 )
NET ASSETS 111,865 97,105

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,765 97,005
111,865 97,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

FERNLAND ENGINEERING (LIVERPOOL) LTD (Registered number: 05027050)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mr Philip Anthony Kelly - Director


FERNLAND ENGINEERING (LIVERPOOL) LTD (Registered number: 05027050)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

FERNLAND ENGINEERING (LIVERPOOL) LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the amounts derived from the services provided by the company falling within its ordinary activities, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

FERNLAND ENGINEERING (LIVERPOOL) LTD (Registered number: 05027050)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 408,614
DEPRECIATION
At 1 May 2023 275,427
Charge for year 30,017
At 30 April 2024 305,444
NET BOOK VALUE
At 30 April 2024 103,170
At 30 April 2023 133,187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,073 125,286
Other debtors 171,424 180,412
284,497 305,698

FERNLAND ENGINEERING (LIVERPOOL) LTD (Registered number: 05027050)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 91,520 221,890
Hire purchase contracts 2,868 48,084
Trade creditors 58,653 83,726
Taxation and social security 62,833 16,936
Other creditors 11,508 11,351
227,382 381,987

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 67,082 -
Hire purchase contracts 45,961 54,900
113,043 54,900