| Fermain Limited |
| Registered number: |
06851906 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
19,968 |
|
|
29,966 |
| Tangible assets |
3 |
|
|
2,367,204 |
|
|
- |
| Investments |
4 |
|
|
737,932 |
|
|
737,932 |
|
|
|
|
3,125,104 |
|
|
767,898 |
|
| Current assets |
| Debtors |
|
|
733,348 |
|
|
197,112 |
| Cash at bank and in hand |
|
|
18,732 |
|
|
23,667 |
|
|
|
752,080 |
|
|
220,779 |
|
| Creditors: amounts falling due within one year |
|
|
(16,637) |
|
|
(170) |
|
| Net current assets |
|
|
|
735,443 |
|
|
220,609 |
|
| Total assets less current liabilities |
|
|
|
3,860,547 |
|
|
988,507 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(3,919,627) |
|
|
(1,031,051) |
|
|
|
| Net liabilities |
|
|
|
(59,080) |
|
|
(42,544) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(59,082) |
|
|
(42,546) |
|
| Shareholders' funds |
|
|
|
(59,080) |
|
|
(42,544) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Roy Pitchford |
| Director |
| Approved by the board on 31 December 2014 |
|
| Fermain Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
49,989 |
|
At 31 March 2014 |
49,989 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2013 |
20,023 |
|
Provided during the year |
9,998 |
|
At 31 March 2014 |
30,021 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
19,968 |
|
At 31 March 2013 |
29,966 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
2,367,204 |
|
At 31 March 2014 |
2,367,204 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
2,367,204 |
|
|
|
|
|
|
|
|
| 4 |
Investments |
£ |
|
|
Cost |
|
At 1 April 2013 |
737,932 |
|
|
At 31 March 2014 |
737,932 |
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
