FERNS SURFACING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “In a competitive market the Company has performed well, achieving turnover of £76.7 million compared to £75.9 million in the previous year, an increase of 1.1%, driven principally by growth in infrastructure and civils but offset by a withdrawal from certain of its Telecoms related activities.”
• “Russia's invasion of Ukraine and the Israeli Gaza crisis continue to send geopolitical shockwaves around the globe and exacerbate the economic damage caused by the Covid-19 pandemic and the departure of the UK from the European Union.”
• “In January 2023, the Company began providing traffic management services, and continued to do so up until September 2023, when this trade was transferred at no gain, no loss to Ferns TM Limited, a related company. Ferns TM Limited became a fellow group company on 30 September 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.1%

  £75,871,805 → £76,708,577

  highest in 4 filed years

• Cash

  -84.4%

  £1,702,567 → £266,091

• Net assets

  +5.3%

  £17,540,961 → £18,472,559

  highest in 4 filed years

• Employees

  -12.8%

  141 → 123

• Operating profit

  -3.1%

  £2,029,361 → £1,965,524

• Profit before tax

  -8.8%

  £1,480,921 → £1,351,136

  lowest in 4 filed years

• Wages

  -2.5%

  £6,351,740 → £6,190,807

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers