Fleet as Art Limited - Accounts to registrar (filleted) - small 18.2

Fleet as Art Limited - Accounts to registrar (filleted) - small 18.2

FLEET AS ART LIMITED - Company Information

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REGISTERED NUMBER: 02986827 (England and Wales)












FLEET AS ART LIMITED

Financial Statements

for the Period

1 January 2020 to 21 February 2020






FLEET AS ART LIMITED (REGISTERED NUMBER: 02986827)






Contents of the Financial Statements
for the Period 1 January 2020 to 21 February 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


FLEET AS ART LIMITED

Company Information
for the Period 1 January 2020 to 21 February 2020







DIRECTOR: Mr R H Redmile-Gordon





REGISTERED OFFICE: The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB





REGISTERED NUMBER: 02986827 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB
Page 1
FLEET AS ART LIMITED (REGISTERED NUMBER: 02986827)

Abridged Balance Sheet
21 February 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 1,091,972 520,474
Cash at bank 100,478 697,870
1,192,450 1,218,344
CREDITORS
Amounts falling due within one year 145,600 26,488
NET CURRENT ASSETS 1,046,850 1,191,856
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,046,850
1,191,856

CAPITAL AND RESERVES
Called up share capital 4 11,111 11,111
Share premium 5 18,111 18,111
Retained earnings 5 1,017,628 1,162,634
SHAREHOLDERS' FUNDS 1,046,850 1,191,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 21 February 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 21 February 2020 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 21 February 2020 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 director and authorised for issue on 27 October 2020 and were signed by:





Mr R H Redmile-Gordon - Director


The notes form part of these financial statements

Page 2
FLEET AS ART LIMITED (REGISTERED NUMBER: 02986827)

Notes to the Financial Statements
for the Period 1 January 2020 to 21 February 2020

1. STATUTORY INFORMATION

Fleet as Art 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.

Fixed assets do not require replacement of parts or the cost of major inspections to be recognised separately.

Taxation
Taxation for the period 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 period 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.

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.

Holiday pay
No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2019 - 2 ) .

Page 3 continued...
FLEET AS ART LIMITED (REGISTERED NUMBER: 02986827)

Notes to the Financial Statements - continued
for the Period 1 January 2020 to 21 February 2020

4. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
11,111 Ordinary £1 11,111 11,111

5. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2020 1,162,634 18,111 1,180,745
Deficit for the period (6 ) (6 )
Dividends (145,000 ) (145,000 )
At 21 February 2020 1,017,628 18,111 1,035,739

Page 4