F. Smith & Co.(Office Equipment) Limited - Period Ending 2018-10-31
F. Smith & Co.(Office Equipment) Limited - Period Ending 2018-10-31
Registration number:
F. Smith & Co.(Office Equipment) Limited
for the Period from 1 January 2018 to 31 October 2018
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG
F. Smith & Co.(Office Equipment) Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
F. Smith & Co.(Office Equipment) Limited
Company Information
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Directors |
Mr Robin James Stanton-Gleaves Mr James Alexander Clark |
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Registered office |
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Accountants |
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Page 1 |
F. Smith & Co.(Office Equipment) Limited
(Registration number: 02415396)
Balance Sheet as at 31 October 2018
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Note |
2018 |
2017 |
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Fixed assets |
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Investments |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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( |
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Total equity |
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For the financial period ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
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Page 2 |
F. Smith & Co.(Office Equipment) Limited
Notes to the Financial Statements for the Period from 1 January 2018 to 31 October 2018
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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Page 3 |
F. Smith & Co.(Office Equipment) Limited
Notes to the Financial Statements for the Period from 1 January 2018 to 31 October 2018 (continued)
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2 |
Accounting policies (continued) |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Investments |
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2018 |
2017 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 January 2018 |
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Additions |
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At 31 October 2018 |
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Provision |
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Carrying amount |
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At 31 October 2018 |
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At 31 December 2017 |
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Share capital |
Allotted, called up and fully paid shares
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2018 |
2017 |
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No. |
£ |
No. |
£ |
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405,880 |
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50,000 |
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Page 4 |