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Company Registration No. 05808348 (England and Wales)
FS Rec Limited Annual report and unaudited accounts for the year ended 30 April 2016
FS Rec Limited Annual report and unaudited accounts Contents
Page
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FS Rec Limited Company Information for the year ended 30 April 2016
Directors
R.L.Everist
Company Number
05808348 (England and Wales)
Registered Office
67 Southfield Road Ponders End Enfield Middx EN3 4BU
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross Herts. EN8 7AN
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FS Rec Limited Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of FS Rec Limited for the year ended 30 April 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FS Rec Limited for the year ended 30 April 2016 as set out on pages 5 - 8 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 FS Rec Limited, as a body, in accordance with the terms of our engagement letter dated 23 February 2017. Our work has been undertaken solely to prepare for your approval the accounts of FS Rec Limited and state those matters that we have agreed to state to the Board of Directors of FS Rec Limited, 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 FS Rec Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FS Rec 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 loss of FS Rec Limited. You consider that FS Rec 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 FS Rec 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.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross Herts. EN8 7AN 28 February 2017
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FS Rec Limited Statement of financial position as at 30 April 2016
2016 
2015 
Notes
£ 
£ 
Current assets
Debtors
204,547 
- 
Cash at bank and in hand
5,755 
4,120 
210,302 
4,120 
Creditors: amounts falling due within one year
(194,779)
(2,936)
Net current assets
15,523 
1,184 
Net assets
15,523 
1,184 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
14,523 
184 
Shareholders' funds
15,523 
1,184 
For the year ending 30 April 2016 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 28 February 2017.
R.L.Everist Director Company Registration No. 05808348
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FS Rec Limited Statement of Changes in Equity as at 30 April 2016
Share capital 
Profit & loss account 
Total 
£ 
£ 
£ 
At 1 May 2014
1,000 
184 
1,184 
Profit for the year
- 
- 
At 30 April 2015
1,000 
184 
1,184 
At 1 May 2015
1,000 
184 
1,184 
Profit for the year
14,339 
14,339 
At 30 April 2016
1,000 
14,523 
15,523 
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FS Rec Limited Notes to the Accounts for the year ended 30 April 2016
1
Statutory information
FS Rec Limited is a private company, limited by shares, registered in England and Wales, registration number 05808348. The registered office and principal place of business is 67 Southfield Road, Ponders End, Enfield, Middx, EN3 4BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 April 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2016 
2015 
£ 
£ 
Trade debtors
204,547 
- 
5
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Corporation tax
3,585 
- 
Other taxes and social security costs
30,386 
- 
Other creditors
159,998 
- 
Loans from directors
60 
2,936 
Accruals
750 
- 
194,779 
2,936 
6
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
7
Transactions with related parties
The company was under the control of Mr. R.L.Everist throughout the current year. Mr. R.L.Everist is personally interested in 50% of the company's share capital.
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FS Rec Limited Notes to the Accounts for the year ended 30 April 2016
8
Average number of employees
During the year the average number of employees was 2 (2015: 0).
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