Ferco (UK) Limited - Period Ending 2014-12-31

Ferco (UK) Limited - Period Ending 2014-12-31

FERCO (UK) LIMITED - Company Information

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Ferco (UK) Limited 06730867 false true 2014-01-01 2014-12-31 2014-12-31 06730867 2014-01-01 2014-12-31 06730867 2014-12-31 06730867 uk-bus:Director1 2014-01-01 2014-12-31 06730867 uk-bus:EntityAccountantsOrAuditors 2014-01-01 2014-12-31 06730867 2013-12-31 06730867 2013-12-31 iso4217:GBP

Registration number: 06730867

Ferco (UK) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Charter Tax Consulting Limited
11 St James's Place
London
SW1A 1NP

 

Ferco (UK) Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ferco (UK) Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ferco (UK) Limited for the year ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Ferco (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ferco (UK) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ferco (UK) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ferco (UK) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ferco (UK) Limited. You consider that Ferco (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ferco (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Charter Tax Consulting Limited
11 St James's Place
London
SW1A 1NP

14 August 2015

Page 1

 

Ferco (UK) Limited
(Registration number: 06730867)
Abbreviated Balance Sheet at 31 December 2014

   

Note

    

2014
£

    

2013
£

  

Current assets

  

             

Debtors

  

   

117,399

   

107,629

 

Cash at bank and in hand

  

   

796

   

896

 
   

   

118,195

   

108,525

 

Creditors: Amounts falling due within one year

  

   

(5,954)

   

(4,284)

 

Net assets

  

   

112,241

   

104,241

 

Capital and reserves

  

             

Called up share capital

 

2

   

2

   

2

 

Share premium account

  

   

872

   

872

 

Profit and loss account

  

   

111,367

   

103,367

 

Shareholders' funds

  

   

112,241

   

104,241

 

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 by the director on 22 July 2015

.........................................
Mr IS Aral
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

 

Ferco (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Hire purchase and leasing

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Share capital

Allotted, called up and fully paid shares

 

2014

2013

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

2

   

2

   

2

   

2

                         

3

Control

The company is controlled by Ferco Dis Ticaret Ve Yatirim AS who owns 100% of the share capital. The company was incorporated in Turkey.

Page 3