Company Registration No. 10238828 (England and Wales)
Fermac Cargo United Kingdom Ltd
Unaudited accounts
for the year ended 31 December 2024
Fermac Cargo United Kingdom Ltd
Unaudited accounts
Contents
Fermac Cargo United Kingdom Ltd
Company Information
for the year ended 31 December 2024
Directors
Alejandro Casado Vidal
Esther Hernando Barzano
Gerardo Soto Santiago
Company Number
10238828 (England and Wales)
Registered Office
23 St. Vincent Road
Twickenham
Middlesex
TW2 7HJ
United Kingdom
Accountants
Hopper Williams & Bell Limited
Highland House
Mayflower Close
Chandlers Ford
Eastleigh
SO53 4AR
Fermac Cargo United Kingdom Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
8,934
7,108
Cash at bank and in hand
9,957
30,601
Creditors: amounts falling due within one year
(717,487)
(688,885)
Net current liabilities
(439,513)
(382,243)
Total assets less current liabilities
(430,579)
(375,135)
Creditors: amounts falling due after more than one year
(55,493)
(55,493)
Net liabilities
(486,072)
(430,628)
Called up share capital
95,650
95,650
Profit and loss account
(581,722)
(526,278)
Shareholders' funds
(486,072)
(430,628)
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 directors acknowledge their 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 of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
Esther Hernando Barzano
Director
Company Registration No. 10238828
Fermac Cargo United Kingdom Ltd
Notes to the Accounts
for the year ended 31 December 2024
Fermac Cargo United Kingdom Ltd is a private company, limited by shares, registered in England and Wales, registration number 10238828. The registered office is 23 St. Vincent Road, Twickenham, Middlesex, TW2 7HJ, United Kingdom.
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 in accordance with FRS 102 "The Financial Reporting Standards 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 £1.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. the principal accounting policies adopted are set out below.
At the balance sheet date the company had net liabilities, and is dependant upon the support of one its directors to continue trading.
The Directors have concluded that with the right management actions and the continued support of the shareholder, the company is a going concern for at least 12 months following the signature of the financial statements. Accordingly the directors have prepared the financial statements on this basis.
Turnover is represented by invoiced services net of any discount and input VAT received from customers in respect of goods forwarded.
All sales income is derived from rendering of services
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
33.33% Straight line
Fermac Cargo United Kingdom Ltd
Notes to the Accounts
for the year ended 31 December 2024
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 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 balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date
Timing differences arise from the inclusion of income and expenses in tax assessments 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.
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.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS 102 to all its financial instruments
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at the transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, which include trade and other payables are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financial transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Fermac Cargo United Kingdom Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
7,304
2,052
7,763
17,119
Additions
3,980
-
1,198
5,178
At 31 December 2024
11,284
2,052
8,253
21,589
At 1 January 2024
913
1,581
7,517
10,011
Charge for the year
2,185
118
341
2,644
At 31 December 2024
3,098
1,699
7,858
12,655
At 31 December 2024
8,186
353
395
8,934
At 31 December 2023
6,391
471
246
7,108
Amounts falling due within one year
Trade debtors
213,977
223,334
Deferred tax asset
17,559
-
Accrued income and prepayments
6,579
-
Other debtors
27,404
52,707
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
701,682
638,225
Taxes and social security
6,562
7,143
Other creditors
3,277
43,517
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
55,493
55,493
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).