Company Registration No. 07386442 (England and Wales)
Fern Homes Ltd
Unaudited accounts
for the year ended 30 September 2020
Fern Homes Ltd
Unaudited accounts
Contents
Fern Homes Ltd
Company Information
for the year ended 30 September 2020
Company Number
07386442 (England and Wales)
Registered Office
Fern House, Gull Road
Guyhirn
Wisbech
Cambs
PE13 4ER
Fern Homes Ltd
Statement of financial position
as at
30 September 2020
Tangible assets
19,054
43,428
Inventories
221,092
202,728
Cash at bank and in hand
48,257
4,678
Creditors: amounts falling due within one year
(300,066)
(213,880)
Net current liabilities
(30,717)
(4,556)
Total assets less current liabilities
(11,663)
38,872
Creditors: amounts falling due after more than one year
(13)
-
Net (liabilities)/assets
(11,676)
38,872
Profit and loss account
(11,676)
38,872
Shareholders' funds
(11,676)
38,872
For the year ending 30 September 2020 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 director acknowledges his 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 and authorised for issue on 27 April 2021 and were signed on its behalf by
David Burgess
Director
Company Registration No. 07386442
Fern Homes Ltd
Notes to the Accounts
for the year ended 30 September 2020
Fern Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 07386442. The registered office is Fern House, Gull Road, Guyhirn, Wisbech, Cambs, PE13 4ER.
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:
Plant & machinery
Straight line over 5 years
Motor vehicles
Straight line over 5 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2019
39,640
43,585
83,225
Disposals
-
(21,600)
(21,600)
At 30 September 2020
43,199
21,985
65,184
At 1 October 2019
23,063
16,734
39,797
Charge for the year
9,876
4,397
14,273
Surplus on revaluation
-
(7,940)
(7,940)
At 30 September 2020
32,939
13,191
46,130
At 30 September 2020
10,260
8,794
19,054
At 30 September 2019
16,577
26,851
43,428
Fern Homes Ltd
Notes to the Accounts
for the year ended 30 September 2020
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
50,000
-
Taxes and social security
-
13
Loans from directors
250,413
213,867
7
Creditors: amounts falling due after more than one year
2020
2019
Taxes and social security
13
-
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).