| Ford Focus Owners Club Limited |
| Registered number: |
04340074 |
| Abridged Balance Sheet |
| as at 31 December 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,638 |
|
|
2,931 |
|
| Current assets |
| Investments held as current assets |
3 |
|
7 |
|
|
4 |
|
| Creditors: amounts falling due within one year |
|
|
(19,333) |
|
|
(18,621) |
|
| Net current liabilities |
|
|
|
(19,326) |
|
|
(18,617) |
|
| Net liabilities |
|
|
|
(16,688) |
|
|
(15,686) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
(16,688) |
|
|
(15,686) |
|
| Shareholders' funds |
|
|
|
(16,688) |
|
|
(15,686) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
| The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
|
| O. Obasa |
| Director |
| Approved by the board on 20 September 2019 |
|
| Ford Focus Owners Club Limited |
| Notes to the Abridged Accounts |
| for the year ended 31 December 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and Equipment |
10% on the reducing balance |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Foreign currency translation |
|
Because of their relatively low value and incidence Profit and Loss Account transactions in foreign currencies are recognised at the average rate for the financial period there being no foreign currency holdings and no outstanding items for settlement at the Balance Sheet date. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Total |
| £ |
|
Cost |
|
At 1 January 2018 |
11,933 |
|
At 31 December 2018 |
11,933 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2018 |
9,002 |
|
Charge for the year |
293 |
|
At 31 December 2018 |
9,295 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2018 |
2,638 |
|
At 31 December 2017 |
2,931 |
|
|
| 3 |
Investments held as current assets |
2018 |
|
2017 |
| £ |
£ |
|
Bank deposit account |
7 |
|
4 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
Ford Focus Owners Club Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
6 Paul's Court |
|
Paul's Lane |
|
Hoddesdon |
|
Hertfordshire |
|
EN11 8UJ |
