F. Smith & Co.(Office Equipment) Limited - Period Ending 2019-10-31
F. Smith & Co.(Office Equipment) Limited - Period Ending 2019-10-31
Registration number:
F. Smith & Co.(Office Equipment) Limited
for the Year Ended 31 October 2019
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG
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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Directors' Report for the Year Ended 31 October 2019
The directors present their report and the financial statements for the year ended 31 October 2019.
Directors of the company
The directors who held office during the year were as follows:
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the
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Director
(Registration number: 02415396)
Balance Sheet as at 31 October 2019
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Note |
2019 |
2018 |
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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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Total equity |
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For the financial year ending 31 October 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
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Director
Notes to the Financial Statements for the Year Ended 31 October 2019
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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.
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.
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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Notes to the Financial Statements for the Year Ended 31 October 2019 (continued)
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Investments in subsidiaries, joint ventures and associates |
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2019 |
2018 |
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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 November 2018 |
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Provision |
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Carrying amount |
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At 31 October 2019 |
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At 31 October 2018 |
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Page 5 |