Company Registration No. 07386442 (England and Wales)
Fern Homes Ltd
Unaudited accounts
for the year ended 30 September 2023
Fern Homes Ltd
Unaudited accounts
Contents
Fern Homes Ltd
Company Information
for the year ended 30 September 2023
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 2023
Tangible assets
41,742
43,118
Inventories
595,862
524,278
Cash at bank and in hand
433
1,006
Creditors: amounts falling due within one year
(45,971)
(18,256)
Net current assets
550,675
508,130
Total assets less current liabilities
592,417
551,248
Creditors: amounts falling due after more than one year
(760,286)
(637,009)
Net liabilities
(167,869)
(85,761)
Called up share capital
100
100
Profit and loss account
(167,969)
(85,861)
Shareholders' funds
(167,869)
(85,761)
For the year ending 30 September 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 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 13 February 2024 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 2023
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 2022
76,236
55,064
131,300
Disposals
(29,600)
-
(29,600)
At 30 September 2023
46,636
88,064
134,700
At 1 October 2022
52,965
35,217
88,182
Charge for the year
3,400
13,216
16,616
On disposals
(11,840)
-
(11,840)
At 30 September 2023
44,525
48,433
92,958
At 30 September 2023
2,111
39,631
41,742
At 30 September 2022
23,271
19,847
43,118
Fern Homes Ltd
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
29,428
10,000
Obligations under finance leases and hire purchase contracts
15,100
8,256
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
57,649
23,837
Other creditors
234,620
281,636
Taxes and social security
-
13
Loans from directors
448,017
301,523
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).