13817643falseDentistry2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:SharePremium2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/pt:SharePremium2025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2025-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 13817643
Fernrate Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU
Fernrate Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Elsbeth Iorwerth
REGISTERED OFFICE
46-48 Station Road
Cardiff
CF14 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13817643
ACCOUNTANTS
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU
Fernrate Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Fernrate Ltd
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Intangible assets3209,282232,661
Tangible assets4283,040305,181
492,322537,842
CURRENT ASSETS
Stock1,102918
Debtors64,2556,441
Cash at bank and in hand253,979186,209
259,336193,568
CREDITORS: Amounts falling due within one year7241,538290,278
NET CURRENT ASSETS / (LIABILITIES)17,798(96,710)
TOTAL ASSETS LESS CURRENT LIABILITIES510,120441,132
CREDITORS: Amounts falling due after more than one year8308,633326,112
PROVISIONS FOR LIABILITIES AND CHARGES914,88818,300
NET ASSETS186,59996,720
CAPITAL AND RESERVES
Called up share capital1022
Share premium account11107,922107,922
Profit and loss account78,675(11,204)
SHAREHOLDERS' FUNDS186,59996,720
For the year ending 31/03/2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/12/2025 and signed on their behalf by
.............................
Elsbeth Iorwerth
Director
Fernrate Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Fernrate Ltd
2. EMPLOYEES
20252024
No.No.
Average number of employees6-
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2024233,785233,785
At 31/03/2025233,785233,785
Depreciation
At 01/04/20241,1241,124
For the year23,37923,379
At 31/03/202524,50324,503
Net Book Amounts
At 31/03/2025209,282209,282
At 31/03/2024232,661232,661
4. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsEquipmentTotal
££££
Cost
At 01/04/2024209,0643,091161,907374,062
Additions--8,1848,184
At 31/03/2025209,0643,091170,091382,246
Depreciation
At 01/04/20242011,37467,30668,881
For the year4,18143025,71430,325
At 31/03/20254,3821,80493,02099,206
Net Book Amounts
At 31/03/2025204,6821,28777,071283,040
At 31/03/2024208,8631,71794,601305,181
Fernrate Ltd
5. STOCK 20252024
££
Stock comprises:
Stock1,102918
1,102918
6. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors2,2814,326
Other debtors1,9742,115
4,2556,441
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax56,8172,250
PAYE control-2,049
Directors current account96,108185,947
Bank Loan36,96038,610
Hire purchase7,5397,539
Trade creditors42,89053,883
Deferred income1,224-
241,538290,278
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Loans >1yr300,353311,510
Hire purchase >1yr8,28014,602
308,633326,112
On 13/3/2024 the company entered into a loan agreement of 192 payments of approx. £3,100 (inclusive interest). On 13/3/2024 the company has taken over a hire purchase agreement of 60 payments of £628.28. The original agreement was signed on 11/7/2022 and the finance used to fund equipment purchase.
Fernrate Ltd
9. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation14,88818,300
14,88818,300
10. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
11. SHARE PREMIUM ACCOUNT 20252024
££
Share premium account107,922107,922
12. CONTROLLING PARTY
The controlling parties are the directors and shareholders of the company.