Ferrexo Limited 31/03/2025 iXBRL

Company registration number: 11910295

Ferrexo Limited

Unaudited filleted financial statements

31 March 2025

Ferrexo Limited

Contents

Balance sheet

Notes to the financial statements

Ferrexo Limited

Balance sheet

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	65,519		85,130
Investments	7	489,051		171,878
		_______		_______
			554,570		257,008

Current assets
Debtors	8	38,488		90,880
Cash at bank and in hand		57,944		390,711
		_______		_______
		96,432		481,591
Creditors: amounts falling due
within one year	9	( 26,292)		( 128,890)
		_______		_______
Net current assets			70,140		352,701
			_______		_______
Total assets less current liabilities			624,710		609,709


Provisions for liabilities	10		( 16,380)		( 21,282)

			_______		_______
Net assets			608,330		588,427
			_______		_______

Capital and reserves
Called up share capital	12		100		100
Profit and loss account			608,230		588,327
			_______		_______
Shareholders funds			608,330		588,427
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- 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;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

G Elliott

Director

Company registration number: 11910295

Ferrexo Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 104-105 Graythorp Industrial Estate, Hartlepool, TS25 2DF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance
Leasehold property improvements	-	10 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	7,147	96,832
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 4,902)	( 4,005)
	_______	_______
Tax on profit	2,245	92,827
	_______	_______

6. Tangible assets

	Plant and machinery	Leasehold property improvements	Total
	£	£	£
Cost
At 1 April 2024	166,506	24,679	191,185
Additions	3,808	-	3,808
Disposals	( 13,808)	-	( 13,808)
	_______	_______	_______
At 31 March 2025	156,506	24,679	181,185
	_______	_______	_______
Depreciation
At 1 April 2024	95,538	10,517	106,055
Charge for the year	13,846	2,468	16,314
Disposals	( 6,703)	-	( 6,703)
	_______	_______	_______
At 31 March 2025	102,681	12,985	115,666
	_______	_______	_______
Carrying amount
At 31 March 2025	53,825	11,694	65,519
	_______	_______	_______
At 31 March 2024	70,968	14,162	85,130
	_______	_______	_______

7. Investments

	Investment property	Total
	£	£
Cost
At 1 April 2024	171,878	171,878
Additions	317,173	317,173
	_______	_______
At 31 March 2025	489,051	489,051
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	489,051	489,051
	_______	_______
At 31 March 2024	171,878	171,878
	_______	_______

It is the opinion of the directors that the value of the land owned has not changed as at 31 March 2025.

8. Debtors

	2025	2024
	£	£
Trade debtors	20,428	74,231
Other debtors	18,060	16,649
	_______	_______
	38,488	90,880
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	16,173	13,528
Corporation tax	7,147	96,832
Social security and other taxes	972	16,530
Other creditors	2,000	2,000
	_______	_______
	26,292	128,890
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 April 2024	21,282	21,282
Unused amounts reversed	( 4,902)	( 4,902)
	_______	_______
At 31 March 2025	16,380	16,380
	_______	_______

11. Deferred tax

The deferred tax included in the Balance Sheet is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	16,380	21,282
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	16,380	21,282
	_______	_______

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	G Elliott	-	-	-
	S Elliott	-	-	-
		_______	_______	_______

2024
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	G Elliott	275	( 275)	-
	S Elliott	275	( 275)	-
		_______	_______	_______
		550	( 550)	-
		_______	_______	_______