J. Ferrer Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 00324963 (England and Wales)
J. Ferrer Limited
Company Information
Director
S M Bennett
Secretary
G J Lane
Company number
00324963
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
J. Ferrer Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
J. Ferrer Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
3,325
8,348
Cash at bank and in hand
31,996
67,545
35,321
75,893
Creditors: amounts falling due within one year
5
(23,221)
(40,049)
Net current assets
12,100
35,844
Capital and reserves
Called up share capital
6
2,000
2,000
Profit and loss reserves
10,100
33,844
Total equity
12,100
35,844

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

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

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have 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 and signed by the director and authorised for issue on 1 June 2025
S M Bennett
Director
Company Registration No. 00324963
J. Ferrer Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 2
1
Accounting policies
Company information

J. Ferrer Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of 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 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 pound.

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

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT.

 

1.3
Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks.

 

1.4
Financial instruments

All of the company's financial assets and liabilities are basic and measured at amortised cost.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

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.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2023 - 12).

J. Ferrer Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 3
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
(2,386)
10,088
Deferred tax
Origination and reversal of timing differences
-
0
(227)
Total tax (credit)/charge
(2,386)
9,861
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
2,386
-
0
Other debtors
939
8,348
3,325
8,348
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,428
-
0
Corporation tax
-
0
10,088
Other creditors
14,593
23,296
Accruals and deferred income
4,200
6,665
23,221
40,049
6
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
2,000 ordinary shares of £1 each
2,000
2,000
7
Related party transactions

Included in other creditors are amounts owed to S M Bennett, the director of £14,593 (2023: £23,296).

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