Ferguson Oliver Limited - Abbreviated accounts 16.1
Ferguson Oliver Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31 October 2015 |
| for |
| Ferguson Oliver Limited |
| Ferguson Oliver Limited (Registered number: SC116960) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Report of the Accountant | 6 |
| Ferguson Oliver Limited |
| Company Information |
| for the Year Ended 31 October 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| Ferguson Oliver Limited (Registered number: SC116960) |
| Abbreviated Balance Sheet |
| 31 October 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Ferguson Oliver Limited (Registered number: SC116960) |
| Abbreviated Balance Sheet - continued |
| 31 October 2015 |
| The financial statements were approved by the Board of Directors on |
| Ferguson Oliver Limited (Registered number: SC116960) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents commissions received and receivable in respect of policies taken out during the year and |
| business written. Commissions arise wholly within the UK from the company's sole activity. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is |
| transferred from the revaluation reserve to the profit and loss account. |
| Deferred tax |
| Deferred tax is measured on differences between the carrying amounts of assets and liabilities in the accounts |
| and the corresponding tax bases, as used in the computation of taxable profit. Deferred tax liabilities are |
| generally recognised for all temporary timing differences that have not reversed by the balance sheet date and |
| deferred tax assets are recognised to the extent that it is probable that taxable profits will be available. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and |
| depreciated over the shorter of the lease term and there useful lives. Obligations under such agreements are |
| included in creditors net of the finance charge allocated to future periods. The finance element of the rental |
| payment is charged to the profit and loss account so as to produce a constant periodic charge of the net |
| obligation outstanding in each period. |
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
| Pensions |
| The company operates a defined contribution scheme covering certain employees. |
| The assets of the scheme are held separately from those of the company in independently administered funds. |
| The pension cost charge represents contributions payable by the company to the fund and amounted to £4,198 |
| (2014 - £12,552). There were no accrued or prepaid contributions at 31 October 2015 (2014 - £Nil) |
| Ferguson Oliver Limited (Registered number: SC116960) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2015 |
| DEPRECIATION |
| At 1 November 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| Redeemable preference | £1 |
| 23,000 | 23,000 |
| Ferguson Oliver Limited |
| Report of the Accountant to the Directors of |
| Ferguson Oliver Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2015 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, I 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 me. |
| 25 July 2016 |