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REGISTERED NUMBER: 04878803 (England and Wales)












Fernbank Advertising Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Fernbank Advertising Limited (Registered number: 04878803)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fernbank Advertising Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P A Harrison
Mrs J A Harrison





SECRETARY: Mrs J A Harrison





REGISTERED OFFICE: Fernbank House
Ridgegrove Hill
LAUNCESTON
Cornwall
PL15 8BT





REGISTERED NUMBER: 04878803 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

Fernbank Advertising Limited (Registered number: 04878803)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 296,205 340,794
Investments 5 30,500 -
326,705 340,794

CURRENT ASSETS
Stocks 208,105 197,469
Debtors 6 895,578 853,918
Cash at bank and in hand 604,528 520,279
1,708,211 1,571,666
CREDITORS
Amounts falling due within one year 7 403,796 392,834
NET CURRENT ASSETS 1,304,415 1,178,832
TOTAL ASSETS LESS CURRENT LIABILITIES 1,631,120 1,519,626

CREDITORS
Amounts falling due after more than one year 8 (42,303 ) (103,702 )

PROVISIONS FOR LIABILITIES (69,985 ) (81,132 )
NET ASSETS 1,518,832 1,334,792

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,518,732 1,334,692
SHAREHOLDERS' FUNDS 1,518,832 1,334,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Fernbank Advertising Limited (Registered number: 04878803)

Statement of Financial Position - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





P A Harrison - Director


Fernbank Advertising Limited (Registered number: 04878803)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Fernbank Advertising Limited 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 represents net sales of goods and services, excluding value added tax. Income from the sale of shelters is recognised immediately, and the costs related to those sales is included within cost of sales. Advertising income is recognised over the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 25 years
Plant and machinery - 33% on cost, 25% on reducing balance and 15% on cost
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 15 (2023 - 12 ) .

Fernbank Advertising Limited (Registered number: 04878803)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2023 92,233 1,150,776 161,741 1,404,750
Additions - 3,978 26,999 30,977
Disposals - - (35,770 ) (35,770 )
At 31 August 2024 92,233 1,154,754 152,970 1,399,957
DEPRECIATION
At 1 September 2023 2,241 966,827 94,888 1,063,956
Charge for year 3,690 50,701 17,852 72,243
Eliminated on disposal - - (32,447 ) (32,447 )
At 31 August 2024 5,931 1,017,528 80,293 1,103,752
NET BOOK VALUE
At 31 August 2024 86,302 137,226 72,677 296,205
At 31 August 2023 89,992 183,949 66,853 340,794

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 30,500
At 31 August 2024 30,500
NET BOOK VALUE
At 31 August 2024 30,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 470,401 413,185
Amounts owed by group undertakings 195,724 195,724
Other debtors 229,453 245,009
895,578 853,918

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,424 51,706
Taxation and social security 271,173 248,084
Other creditors 91,199 93,044
403,796 392,834

Fernbank Advertising Limited (Registered number: 04878803)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 42,303 103,702

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 50,000 50,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
P A Harrison and Mrs J A Harrison
Balance outstanding at start of year 123,198 126,648
Amounts advanced 57,005 2,673
Amounts repaid (14,553 ) (6,123 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 165,650 123,198

Interest has been charged at the HM Revenue & Customs approved rate.

11. ULTIMATE CONTROLLING PARTY

The Company is a wholly owned subsidiary of Fernbank Limited.