Forde Construction (London) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03002428 (England and Wales)

Financial Statements for the Year Ended 31 August 2019

for

Forde Construction (London) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K G Forde

Miss K Forde

V Forde

SECRETARY:

K G Forde

REGISTERED OFFICE:

155 Bramley Road

London

N14 4XA

REGISTERED NUMBER:

03002428 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,831

8,057

Investments

5

70,291

70,291

74,122

78,348

CURRENT ASSETS

Stocks

11,400

11,400

Debtors

83,829

461,303

Cash at bank

600,437

200,000

695,666

672,703

CREDITORS

Amounts falling due within one year

9,466

12,541

NET CURRENT ASSETS

686,200

660,162

TOTAL ASSETS LESS CURRENT LIABILITIES

760,322

738,510

PROVISIONS FOR LIABILITIES

-

639

NET ASSETS

760,322

737,871

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

760,222

737,771

SHAREHOLDERS' FUNDS

760,322

737,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2020 and were signed on its behalf by:

K G Forde - Director

1.	STATUTORY INFORMATION

Forde Construction (London) 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 represents total value of work done, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 Statement of Income and

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

34,857

Disposals

(18,425

)

At 31 August 2019

16,432

DEPRECIATION

At 1 September 2018

26,800

Charge for year

1,275

Eliminated on disposal

(15,474

)

At 31 August 2019

12,601

NET BOOK VALUE

At 31 August 2019

3,831

At 31 August 2018

8,057

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.8.19

31.8.18

£

£

Ordinary share

70,291

70,291

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

31.8.19

31.8.18

£

£

K G Forde

Balance outstanding at start of year

282,747

(965

)

Amounts advanced

-

283,712

Amounts repaid

(283,263

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(516

)

282,747