Company Registration No. 01730854 (England and Wales)
Ferry Management Services Limited
Unaudited accounts
for the year ended 30 June 2023
Ferry Management Services Limited
Unaudited accounts
Contents
Ferry Management Services Limited
Company Information
for the year ended 30 June 2023
Directors
Mr W Moses
Mrs J Relf
Company Number
01730854 (England and Wales)
Registered Office
Winterbourne Cottage
Rushett Lane
Norton, Faversham
Kent
ME13 0SG
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Ferry Management Services Limited
Statement of financial position
as at 30 June 2023
Tangible assets
2,941
2,006
Cash at bank and in hand
1,774
15,893
Creditors: amounts falling due within one year
(600)
(662)
Net current assets
1,525
15,579
Total assets less current liabilities
4,466
17,585
Creditors: amounts falling due after more than one year
(80,048)
(62,311)
Net liabilities
(75,582)
(44,726)
Called up share capital
5,000
5,000
Profit and loss account
(80,582)
(49,726)
Shareholders' funds
(75,582)
(44,726)
For the year ending 30 June 2023 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 November 2023 and were signed on its behalf by
Mr W Moses
Director
Company Registration No. 01730854
Ferry Management Services Limited
Notes to the Accounts
for the year ended 30 June 2023
Ferry Management Services Limited is a private company, limited by shares, registered in England and Wales, registration number 01730854. The registered office is Winterbourne Cottage, Rushett Lane, Norton, Faversham, Kent, ME13 0SG.
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 under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Ferry Management Services Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
62
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
80,048
62,311
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).