Fost Construction Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09693348 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2018

FOR

FOST CONSTRUCTION LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

D B Foster, Esq.

REGISTERED OFFICE:

15a Station Road

Epping

Essex

CM16 4HG

REGISTERED NUMBER:

09693348 (England and Wales)

ACCOUNTANTS:

S. Cobbin & Co Limited

Chartered Accountants

15a Station Road

Epping

Essex

CM16 4HG

FIXED ASSETS

Tangible assets

4

26,445

14,716

CURRENT ASSETS

Debtors

15,427

953

Cash at bank

86,018

85,327

101,445

86,280

CREDITORS

Amounts falling due within one year

(37,590

)

(40,584

)

NET CURRENT ASSETS

63,855

45,696

TOTAL ASSETS LESS CURRENT LIABILITIES

90,300

60,412

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

90,200

60,312

SHAREHOLDERS' FUNDS

90,300

60,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 9th October 2018 and were signed by:

D B Foster, Esq. - Director

1.	STATUTORY INFORMATION

Fost Construction Ltd is a private company, limited by shares , 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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year 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.

Deferred 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 year 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.

Hire purchase and leasing commitments

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

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2017

18,941

Additions

32,298

Disposals

(16,560

)

At 31st July 2018

34,679

DEPRECIATION

At 1st August 2017

4,225

Charge for year

7,321

Eliminated on disposal

(3,312

)

At 31st July 2018

8,234

NET BOOK VALUE

At 31st July 2018

26,445

At 31st July 2017

14,716

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2018 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

S. Cobbin & Co Limited

Chartered Accountants

15a Station Road

Epping

Essex

CM16 4HG

9th October 2018