Forward Acceptances Limited - Accounts to registrar (filleted) - small 18.2
Forward Acceptances Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018 |
FOR |
FORWARD ACCEPTANCES LIMITED |
FORWARD ACCEPTANCES LIMITED (REGISTERED NUMBER: 01354791) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 2018 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
FORWARD ACCEPTANCES LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 July 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
& Business Advisors |
Vantage House Euxton Lane |
Euxton |
Chorley |
Lancashire |
PR7 6TB |
FORWARD ACCEPTANCES LIMITED (REGISTERED NUMBER: 01354791) |
ABRIDGED BALANCE SHEET |
31 July 2018 |
31.7.18 | 31.7.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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 |
Revaluation reserve | 5 |
Retained earnings |
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. |
FORWARD ACCEPTANCES LIMITED (REGISTERED NUMBER: 01354791) |
ABRIDGED BALANCE SHEET - continued |
31 July 2018 |
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 |
FORWARD ACCEPTANCES LIMITED (REGISTERED NUMBER: 01354791) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 2018 |
1. | STATUTORY INFORMATION |
Forward Acceptances Limited is a |
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 |
Income recognition |
Income is recognised when leased goods have been delivered to customers such that risks and rewards of ownership |
have transferred to them. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Freehold property is included at fair value. Gains are recognised in the income statement. Deferred taxation is |
provided on these gains at the rate expected to apply when the property is sold. |
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 taxation is provided on the liability method to take account of timing differences between the treatment of |
certain items for accounts purposes and their treatment for tax purposes. |
Tax deferred or accelerated is accounted for in respect of all material timing differences. |
FORWARD ACCEPTANCES LIMITED (REGISTERED NUMBER: 01354791) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2018 |
3. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 August 2017 |
Additions |
Disposals | ( |
) |
At 31 July 2018 |
DEPRECIATION |
At 1 August 2017 |
Charge for year |
At 31 July 2018 |
NET BOOK VALUE |
At 31 July 2018 |
At 31 July 2017 |
Cost or valuation at 31 July 2018 is represented by: |
Totals |
£ |
Valuation in 2017 | 467,640 |
Cost | 5,706,350 |
6,173,990 |
4. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.7.18 | 31.7.17 |
£ | £ |
Bank loans |
5. | RESERVES |
Revaluation |
reserve |
£ |
At 1 August 2017 |
and 31 July 2018 |
FORWARD ACCEPTANCES LIMITED (REGISTERED NUMBER: 01354791) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2018 |
6. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr and Mrs D W F Davis, by virtue of their directorship and majority shareholding |
in the company. |