Company Registration No. 10412075 (England and Wales)
Fervent Limited
Unaudited accounts
for the year ended 31 December 2024
Fervent Limited
Unaudited accounts
Contents
Fervent Limited
Company Information
for the year ended 31 December 2024
Director
Richard Foster Thorne
Company Number
10412075 (England and Wales)
Registered Office
Flat 1
Chine Mansions
6 Chine Crescent Road
Bournemouth
Dorset
BH2 5LD
England
Accountants
Solumar Limited
226 Staines Road
Laleham
Staines-Upon-Thames
Middlesex
TW18 2RT
Fervent Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
2,779
5,086
Creditors: amounts falling due within one year
(297)
-
Net current assets
2,493
14,817
Called up share capital
100
100
Profit and loss account
2,393
14,717
Shareholders' funds
2,493
14,817
For the year ending 31 December 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 25 May 2025 and were signed on its behalf by
Richard Foster Thorne
Director
Company Registration No. 10412075
Fervent Limited
Notes to the Accounts
for the year ended 31 December 2024
Fervent Limited is a private company, limited by shares, registered in England and Wales, registration number 10412075. The registered office is Flat 1, Chine Mansions, 6 Chine Crescent Road, Bournemouth, Dorset, BH2 5LD, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
297
-
Fervent Limited
Notes to the Accounts
for the year ended 31 December 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans interest free with no fixed repayment terms
9,680
155
10,132
(297)
7
Transactions with related parties
During the year the company paid dividends to the director totalling £4,200 (2023: £26,000)
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).