Folkestone Conveyancing Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 09208909 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

FOLKESTONE CONVEYANCING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss M Still

D Hinton

REGISTERED OFFICE:

Jubilee House

Jubilee Court

Dersingham

Kings Lynn

Norfolk

PE31 6HH

REGISTERED NUMBER:

09208909 (England and Wales)

ACCOUNTANTS:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

BANKERS:

Co-operative Bank

PO Box 250

Skelmerdale

WN8 6WT

FIXED ASSETS

Tangible assets

3

172

230

CURRENT ASSETS

Debtors

-

3,375

Cash at bank

14,117

5,614

14,117

8,989

CREDITORS

Amounts falling due within one year

13,645

8,480

NET CURRENT ASSETS

472

509

TOTAL ASSETS LESS CURRENT LIABILITIES

644

739

PROVISIONS FOR LIABILITIES

4

30

50

NET ASSETS

614

689

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

514

589

SHAREHOLDERS' FUNDS

7

614

689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement and an abridged Balance Sheet for the year ended 30 September 2017 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 Board of Directors on 7 December 2017 and were signed on its behalf by:

Miss M Still - Director

1.	STATUTORY INFORMATION

Folkestone Conveyancing Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Computer equipment

-

25% on reducing balance

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.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

and 30 September 2017

409

DEPRECIATION

At 1 October 2016

179

Charge for year

58

At 30 September 2017

237

NET BOOK VALUE

At 30 September 2017

172

At 30 September 2016

230

4.	PROVISIONS FOR LIABILITIES

30.9.17

30.9.16

£

£

Deferred tax

30

50

Deferred

tax

£

Balance at 1 October 2016

50

Credit to Abridged Income Statement during year

(20

)

Balance at 30 September 2017

30

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

100

Ordinary

£100

100

100

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss M Still.

7.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

30.9.17

30.9.16

£

£

Profit for the financial year

9,925

14,087

Dividends

(10,000

)

(14,000

)

Net (reduction)/addition to shareholders' funds

(75

)

87

Opening shareholders' funds

689

602

Closing shareholders' funds

614

689

8.	FIRST YEAR ADOPTION

The company transitioned from previously extant UK GAAP to FRS 102 as at 1 October 2015. The

transition to FRS 102 has not affected the reported financial position and financial performance.