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Company Registration No. 04433941 (England and Wales)
Ferrari Demolition Limited Unaudited accounts for the year ended 31 May 2025
Ferrari Demolition Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ferrari Demolition Limited Company Information for the year ended 31 May 2025
Directors
David Michael Keenoy Rosemary Ferrari John-Paul Keenoy
Company Number
04433941 (England and Wales)
Registered Office
41 The Thatchers Bishop's Stortford CM23 4FL England
Accountants
LC Accountancy 41 The Thatchers Bishop's Stortford Herts CM23 4FL
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Ferrari Demolition Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,210,707
1,144,631
Current assets
Debtors
5
199,212
380,889
Cash at bank and in hand
1,290,116
558,548
1,489,328
939,437
Creditors: amounts falling due within one year
6
(812,485)
(414,835)
Net current assets
676,843
524,602
Total assets less current liabilities
1,887,550
1,669,233
Creditors: amounts falling due after more than one year
7
(425,941)
(493,062)
Provisions for liabilities
Deferred tax
(193,108)
(132,958)
Net assets
1,268,501
1,043,213
Capital and reserves
Called up share capital
3
2
Profit and loss account
1,268,498
1,043,211
Shareholders' funds
1,268,501
1,043,213
For the year ending 31 May 2025 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 8 February 2026 and were signed on its behalf by
Rosemary Ferrari Director Company Registration No. 04433941
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Ferrari Demolition Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Ferrari Demolition Limited is a private company, limited by shares, registered in England and Wales, registration number 04433941. The registered office is 41 The Thatchers, Bishop's Stortford, CM23 4FL, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
435,750
1,139,698
159,326
9,438
1,744,212
Additions
-
106,130
144,999
1,335
252,464
Disposals
-
(155,942)
(21,945)
-
(177,887)
At 31 May 2025
435,750
1,089,886
282,380
10,773
1,818,789
Depreciation
At 1 June 2024
-
516,525
78,268
4,788
599,581
Charge for the year
-
75,333
40,888
1,505
117,726
On disposals
-
(96,269)
(12,956)
-
(109,225)
At 31 May 2025
-
495,589
106,200
6,293
608,082
Net book value
At 31 May 2025
435,750
594,297
176,180
4,480
1,210,707
At 31 May 2024
435,750
623,173
81,058
4,650
1,144,631
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Ferrari Demolition Limited Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
37,868
55,424
Trade debtors
161,344
196,621
Other debtors
-
128,844
199,212
380,889
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
8,593
25,800
Obligations under finance leases and hire purchase contracts
65,451
118,935
Trade creditors
128,044
110,086
Taxes and social security
128,890
49,688
Loans from directors
1,139
15,109
Accruals
-
4,500
Deferred income
480,368
90,717
812,485
414,835
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
305,971
298,125
Obligations under finance leases and hire purchase contracts
119,970
194,937
425,941
493,062
8
Average number of employees
During the year the average number of employees was 14 (2024: 14).
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