Ferneyhough Financial Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08843397 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025

FOR

FERNEYHOUGH FINANCIAL SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs H L J Ferneyhough

REGISTERED OFFICE:

7 Newenden Road

Wigan

Lancashire

WN1 2PX

REGISTERED NUMBER:

08843397 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

-

44,327

CURRENT ASSETS

Debtors

5

10,981

10,000

Cash at bank

28,650

72,410

39,631

82,410

CREDITORS

Amounts falling due within one year

6

16,869

26,712

NET CURRENT ASSETS

22,762

55,698

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,762

100,025

CREDITORS

Amounts falling due after more than one
year

7

-

33,816

NET ASSETS

22,762

66,209

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

22,662

66,109

SHAREHOLDERS' FUNDS

22,762

66,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:

Mrs H L J Ferneyhough - Director

1.	STATUTORY INFORMATION

Ferneyhough Financial Services Ltd 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 the net invoiced value of services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

59,654

Disposals

(59,654

)

At 31 March 2025

-

DEPRECIATION

At 1 January 2024

15,327

Charge for period

14,749

Eliminated on disposal

(30,076

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 December 2023

44,327

The net book value of tangible fixed assets includes £NIL (2023 - £ 26,992 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Amounts owed by associates

4,275

-

Other debtors

6,706

10,000

10,981

10,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Bank loans and overdrafts

-

2,488

Hire purchase contracts

-

5,118

Taxation and social security

14,665

16,902

Other creditors

2,204

16,869

26,712

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2023

£

Bank loans

-

12,203

Hire purchase contracts

-

21,613

-

33,816

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2025 and the year ended 31 December 2023:

2025

2023

£

Mrs H L J Ferneyhough

Balance outstanding at start of period

10,000

Amounts advanced

105,616

-

Amounts repaid

(108,910

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

6,706

10,000

9.	ULTIMATE CONTROLLING PARTY

Due to the shareholding the controlling party is Mrs H J L Ferneyhough