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Company Registration No. SC290627 (Scotland)
Fermac Financial Services Ltd. Unaudited accounts for the year ended 30 September 2024
Fermac Financial Services Ltd. Unaudited accounts Contents
Page
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Fermac Financial Services Ltd. Company Information for the year ended 30 September 2024
Director
Stephen Joseph MacPhee
Secretary
Nicola Katherine MacPhee
Company Number
SC290627 (Scotland)
Registered Office
DALVRECK LODGE TURRETBANK ROAD CRIEFF PH7 4AR SCOTLAND
Accountants
Sarah Kennedy Nevis Accountancy Services Limited Office 6, An Drochaid, Claggan Road Claggan, Fort William Inverness-shire PH33 6PH
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Fermac Financial Services Ltd. for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fermac Financial Services Ltd. for the year ended 30 September 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Fermac Financial Services Ltd., as a body, in accordance with the terms of our engagement letter dated 22 May 2023. Our work has been undertaken solely to prepare for your approval the accounts of Fermac Financial Services Ltd. and state those matters that we have agreed to state to the Board of Directors of Fermac Financial Services Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fermac Financial Services Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fermac Financial Services Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fermac Financial Services Ltd.. You consider that Fermac Financial Services Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fermac Financial Services Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sarah Kennedy Chartered Certified Accountants Nevis Accountancy Services Limited Office 6, An Drochaid, Claggan Road Claggan, Fort William Inverness-shire PH33 6PH 13 May 2025
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Fermac Financial Services Ltd. Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53 
- 
Current assets
Debtors
- 
53,559 
Cash at bank and in hand
13,346 
30,100 
13,346 
83,659 
Creditors: amounts falling due within one year
(2,798)
(960)
Net current assets
10,548 
82,699 
Total assets less current liabilities
10,601 
82,699 
Provisions for liabilities
Deferred tax
(13)
- 
Net assets
10,588 
82,699 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
10,586 
82,697 
Shareholders' funds
10,588 
82,699 
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 13 May 2025 and were signed on its behalf by
Stephen Joseph MacPhee Director Company Registration No. SC290627
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Fermac Financial Services Ltd. Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Fermac Financial Services Ltd. is a private company, limited by shares, registered in Scotland, registration number SC290627. The registered office is DALVRECK LODGE, TURRETBANK ROAD, CRIEFF, PH7 4AR, SCOTLAND.
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:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
247 
1,648 
1,895 
Additions
- 
66 
66 
At 30 September 2024
247 
1,714 
1,961 
Depreciation
At 1 October 2023
247 
1,648 
1,895 
Charge for the year
- 
13 
13 
At 30 September 2024
247 
1,661 
1,908 
Net book value
At 30 September 2024
- 
53 
53 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
53,559 
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Fermac Financial Services Ltd. Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,023 
- 
Loans from directors
445 
- 
Accruals
330 
960 
2,798 
960 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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