FS REC LIMITED Accounts filed on 30-04-2014

FS REC LIMITED Accounts filed on 30-04-2014


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FS REC LIMITED




Company Registration Number:
05808348 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st May 2013

End date: 30th April 2014

SUBMITTED

FS REC LIMITED

Company Information
for the Period Ended
30th April 2014




Director: Robert Lee Everist
Company secretary: Robert Lewis Everist
Registered office: Lound Hall Bothamsall
Retford
Nottinghamshire
DN22 8DF
Company Registration Number: 05808348 (England and Wales)

FS REC LIMITED

Abbreviated Balance sheet
As at 30th April 2014

Notes 2014
£
2013
£
Current assets
Debtors: 3 43 60
Cash at bank and in hand: 3,357 2,591
Total current assets: 3,400 2,651
Creditors
Creditors: amounts falling due within one year 4 2,510 1,830
Net current assets (liabilities): 890 821
Total assets less current liabilities: 890 821
Total net assets (liabilities): 890 821

The notes form part of these financial statements

FS REC LIMITED

Abbreviated Balance sheet
As at 30th April 2014
continued

Notes 2014
£
2013
£
Capital and reserves
Called up share capital: 5 1,000 1,000
Profit and Loss account: ( 110 ) ( 179 )
Total shareholders funds: 890 821

For the year ending 30 April 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 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.

The financial statements were approved by the Board of Directors on 08 August 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Robert Lee Everist
Status: Director

The notes form part of these financial statements

FS REC LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th April 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements. Basis of preparation The financial information has been prepared by the director on the basis of the recognition and measurement principles contained in applicable UK Accounting Standards, in accordance with the following accounting policies which have been applied consistently in dealing with items which are considered material in relation to the financial statements. Going concern FS Rec Limited meets its day to day working capital requirements through loans from the shareholder. The company’s forecasts and projections, taking account of possible changes in trading performance, show that the company will be able to operate for the foreseeable future on the basis of the continued support from the shareholder , who has indicated that he is able to and will continue to provide such finance as the company may require.

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax.

    Other accounting policies

    Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Cash Flow The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement

FS REC LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th April 2014

  • 3. Debtors

    2014
    £
    2013
    £
    Other debtors: 43 60
    Total: 43 60

    Other debtors represent the corporation tax losses available for offsetting against future taxable profits.

FS REC LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th April 2014

  • 4. Creditors: amounts falling due within one year

    2014
    £
    2013
    £
    Other creditors: 2,510 1,830
    Total: 2,510 1,830

    Other creditors represents a loan from the shareholder.

FS REC LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th April 2014

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    1,000
    Total share capital: 1,000
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    1,000
    Total share capital: 1,000

    Mr R L Everist, a director of the company and majority shareholder is the ultimate controlling party.