Field Force Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03042260 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019

FOR

FIELD FORCE SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Attrill

REGISTERED OFFICE:

Unit 10 Justin Business Park

Sandford Lane Industrial Estate

Wareham

Dorset

BH20 4DY

REGISTERED NUMBER:

03042260 (England and Wales)

ACCOUNTANTS:

Chorus Accounting Limited

Cavendish Suite

Saxon Centre

11 Bargates

Christchurch

Dorset

BH23 1PZ

FIXED ASSETS

Tangible assets

4

426,746

440,123

CURRENT ASSETS

Stocks

5,085

6,536

Debtors

5

429,001

439,094

Cash at bank and in hand

20,037

49,240

454,123

494,870

CREDITORS

Amounts falling due within one year

6

(545,341

)

(591,493

)

NET CURRENT LIABILITIES

(91,218

)

(96,623

)

TOTAL ASSETS LESS CURRENT LIABILITIES

335,528

343,500

CREDITORS

Amounts falling due after more than one year

7

(214,328

)

(267,182

)

PROVISIONS FOR LIABILITIES

(7,426

)

(8,670

)

NET ASSETS

113,774

67,648

CAPITAL AND RESERVES

Called up share capital

100,002

100,002

Retained earnings

13,772

(32,354

)

SHAREHOLDERS' FUNDS

113,774

67,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 November 2019 and were signed by:

A Attrill - Director

1.	STATUTORY INFORMATION

Field Force Solutions 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

land is not depreciated

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at

the rate of exchange ruling at the date of transaction. Exchange differences are taken into account

in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent

to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial

liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to

financial liabilities are included in the profit and loss account. Finance costs are calculated so as to

produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating

to equity instruments are debited direct to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2018

444,084

117,644

561,728

Additions

-

16,364

16,364

Disposals

-

(14,611

)

(14,611

)

At 30 April 2019

444,084

119,397

563,481

DEPRECIATION

At 1 May 2018

55,871

65,734

121,605

Charge for year

5,700

19,941

25,641

Eliminated on disposal

-

(10,511

)

(10,511

)

At 30 April 2019

61,571

75,164

136,735

NET BOOK VALUE

At 30 April 2019

382,513

44,233

426,746

At 30 April 2018

388,213

51,910

440,123

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2018

20,610

Additions

11,650

At 30 April 2019

32,260

DEPRECIATION

At 1 May 2018

1,718

Charge for year

7,257

At 30 April 2019

8,975

NET BOOK VALUE

At 30 April 2019

23,285

At 30 April 2018

18,892

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

38,321

47,360

Amounts owed by participating interests

355,332

354,724

Other debtors

35,348

37,010

429,001

439,094

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

21,718

19,889

Hire purchase contracts

11,841

10,130

Trade creditors

30,112

21,610

Taxation and social security

12,427

16,498

Other creditors

469,243

523,366

545,341

591,493

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

152,333

172,284

Hire purchase contracts

3,398

7,053

Other creditors

58,597

87,845

214,328

267,182

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

172,407

192,173

Hire purchase contracts

15,239

17,183

187,646

209,356

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A Attrill.