Company Registration No. SC742648 (Scotland)
FERRY CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
James Hair & Co
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
FERRY CONSULTING LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
4,876
12,000
Cash at bank and in hand
50,143
36,416
55,019
48,416
Creditors: amounts falling due within one year
4
(9,712)
(17,669)
Net current assets
45,307
30,747
Capital and reserves
Called up share capital
5
2
1
Profit and loss reserves
45,305
30,746
Total equity
45,307
30,747

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 27 May 2025 and are signed on its behalf by:
Dr M Bell
Director
Company Registration No. SC742648
FERRY CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Ferry Consulting Limited is a private company limited by shares incorporated in Scotland. The registered office is 52 Fintry Place, Broughty Ferry, Dundee, DD5 3BJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

The company was incorporated on 28 August 2022 and commenced trading on 3 October 2022. The financial statements were therefore prepared for the period to 31 August 2023. The accounts this year show a full years trading result and the comparative amounts shown in the financial statements therefore are not entirely comparable.

1.3
Turnover

Turnover comprises the invoiced value of scientific consultancy services provided by the company, net of Value Added Tax and trade discounts.

 

1.4
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

1.5
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts paid by the company to the funds in respect of the year.

FERRY CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
1
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,876
12,000
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,723
13,768
Directors current accounts
4,438
2,461
Accruals and deferred income
1,551
1,440
9,712
17,669
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
2 (2023: 1) Ordinary share of £1 each
2
1

During the year 1 ordinary share of £1 each were issued at par value. The purpose of this allotment was to raise additional share capital of the company.

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