Ferfa Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00954060 (England and Wales)

FERFA LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T M Dossett

Mrs T J Glew

SECRETARY:

Mrs K Porter

REGISTERED OFFICE:

Deans Accountants

Gibson House

Hurricane Court, Hurricane Close

Stafford

Staffordshire

ST16 1GZ

REGISTERED NUMBER:

00954060 (England and Wales)

CURRENT ASSETS

Debtors

4

35,841

46,533

Cash at bank

291,701

230,686

327,542

277,219

CREDITORS

Amounts falling due within one year

5

(88,341

)

(52,011

)

NET CURRENT ASSETS

239,201

225,208

TOTAL ASSETS LESS CURRENT LIABILITIES

239,201

225,208

RESERVES

Income and expenditure account

239,201

225,208

239,201

225,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2019 and were signed on its behalf by:

T M Dossett - Director

1.	STATUTORY INFORMATION

Ferfa Limited is a private company, limited by guarantee , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section

1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act

2006.The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and

rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade

discounts. The policies adopted for the recognition of turnover are as follows

Members Subscriptions

When the outcome of a transaction can be estimated reliably, turnover from subscriptions is recognised by

reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference

to membership duration remaining.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses

recognised that are recoverable.

Training Income

When the outcome of a transaction can be estimated reliably, turnover from training income is recognised by

reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference

to completion of training.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses

recognised that are recoverable.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current

or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates

and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

26,049

37,194

Prepayments

9,792

9,339

35,841

46,533

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

6,325

19,546

Tax

501

430

VAT

8,669

51

Accruals and deferred income

72,846

31,984

88,341

52,011