Ferris & Company (Belfast) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: R0000224 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2016 TO 31 DECEMBER 2017

FOR

FERRIS & COMPANY (BELFAST) LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr R T Ferris

Mr J R Ferris

SECRETARY:

Mr J R Ferris

REGISTERED OFFICE:

Unit 2 Corry Place

Belfast Harbour Estate

Belfast

BT3 9HY

REGISTERED NUMBER:

R0000224 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Clarendon Dock

Belfast

Co. Antrim

BT1 3BG

FIXED ASSETS

Tangible assets

5

6,382

7,508

Investments

6

9,402

9,402

15,784

16,910

CURRENT ASSETS

Debtors

7

42,434

50,658

Cash at bank and in hand

2,090

41,995

44,524

92,653

CREDITORS

Amounts falling due within one year

8

51,267

94,330

NET CURRENT LIABILITIES

(6,743

)

(1,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,041

15,233

CAPITAL AND RESERVES

Called up share capital

4,479

4,479

Retained earnings

4,562

10,754

SHAREHOLDERS' FUNDS

9,041

15,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 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 profit or loss 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were authorised for issue by the Board of Directors on 21 June 2018 and were signed on its behalf by:

Mr R T Ferris - Director

1.	STATUTORY INFORMATION

Ferris & Company (Belfast) Limited is a private company, limited by shares , registered in Northern Ireland. The

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

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about Ferris & Company (Belfast) Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Significant judgements and estimates

The following judgement including those involving estimates have been made in the process of applying the

accounting policies that have had the most significant effect on the amounts recognised in the financial

statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and

liabilities within the next financial year:

(i) Depreciation method and asset useful lives

(ii) Provision for bad debts

The estimates and assumptions are reviewed on a regular basis considering the current and future market

conditions.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

The cost of assets comprises purchase price and any installation charges.

Depreciation is calculated to write off their cost, less estimated residual value, over their useful lives. Additions

in the period bear a due proportion of the annual charge. The methods adopted and rates used are:

Plant and machinery:

- loading shovels

- written down to net realisable value

- forklift trucks

- 10% straight line

- vehicles

- 25% on reducing balance

Fixtures, fittings and other equipment

- 10% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing commitments

Rentals paid under operating leases are charged to profit and loss account on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

75,763

Additions

935

At 31 December 2017

76,698

DEPRECIATION

At 1 July 2016

68,255

Charge for period

2,061

At 31 December 2017

70,316

NET BOOK VALUE

At 31 December 2017

6,382

At 30 June 2016

7,508

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2016

and 31 December 2017

10,000

PROVISIONS

At 1 July 2016

and 31 December 2017

598

NET BOOK VALUE

At 31 December 2017

9,402

At 30 June 2016

9,402

This investment is matched by a liability to the subsidiary company - see note 9.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

30.6.16

£

£

Trade debtors

39,796

42,079

Other debtors

2,638

8,579

42,434

50,658

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

30.6.16

£

£

Trade creditors

23,048

26,314

Amounts owed to group undertakings

9,402

9,402

Taxation and social security

4,528

6,792

Other creditors

14,289

51,822

51,267

94,330

9.	ULTIMATE CONTROLLING PARTY

Neither of the directors, and none of the shareholders, has a controlling interest.