Forbes-Cable Ltd - Filleted accounts


Registered number
SC229826
Forbes-Cable Ltd
Abbreviated Accounts
30 April 2020
Forbes-Cable Ltd
Registered number: SC229826
Balance Sheet
as at 30 April 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 2 213 433
Current assets
Debtors 3 3,240 3,500
Creditors: amounts falling due within one year 4 (3,429) (4,484)
Net current liabilities (189) (984)
Net assets/(liabilities) 24 (551)
Capital and reserves
Called up share capital 10 10
Profit and loss account 14 (561)
Shareholder's funds 24 (551)
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 member has 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.
John M Forbes-Cable
Director
Approved by the board on 10 June 2020
Forbes-Cable Ltd
Notes to the Accounts
for the year ended 30 April 2020
1 Accounting policies
Basis of preparation
The 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.
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2019 4,077 6,030 10,107
At 30 April 2020 4,077 6,030 10,107
Depreciation
At 1 May 2019 3,901 5,773 9,674
Charge for the year - 220 220
At 30 April 2020 3,901 5,993 9,894
Net book value
At 30 April 2020 176 37 213
At 30 April 2019 176 257 433
3 Debtors 2020 2019
£ £
Trade debtors 3,240 3,500
4 Creditors: amounts falling due within one year 2020 2019
£ £
Director's account 3,382 4,484
Taxation and social security costs 47 -
3,429 4,484
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