Fast Surveyors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05384668 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Fast Surveyors Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Carpenter

SECRETARY:

Mrs J Carpenter

REGISTERED OFFICE:

11 The Office Village

North Road

Loughborough

Leicestershire

LE11 1QJ

REGISTERED NUMBER:

05384668 (England and Wales)

ACCOUNTANTS:

Brockhurst Davies Limited

11 The Office Village

North Road

Loughborough

Leicestershire

LE11 1QJ

FIXED ASSETS

Tangible assets

4

5,905

7,250

CURRENT ASSETS

Debtors

87,144

151,600

Cash at bank and in hand

135,247

7,735

222,391

159,335

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

102,298

57,378

NET CURRENT ASSETS

120,093

101,957

TOTAL ASSETS LESS CURRENT LIABILITIES

125,998

109,207

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

(50,000

)

-

PROVISIONS FOR LIABILITIES

(1,122

)

(1,144

)

NET ASSETS

74,876

108,063

CAPITAL AND RESERVES

Called up share capital

51

51

Capital redemption reserve

(14,949

)

(14,949

)

Retained earnings

89,774

122,961

SHAREHOLDERS' FUNDS

74,876

108,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement and an abridged Balance Sheet for the year ended 30 June 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 3 November 2020 and were signed by:

M Carpenter - Director

1.	STATUTORY INFORMATION

Fast Surveyors 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.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2019 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2019

37,348

Additions

623

At 30 June 2020

37,971

DEPRECIATION

At 1 July 2019

30,098

Charge for year

1,968

At 30 June 2020

32,066

NET BOOK VALUE

At 30 June 2020

5,905

At 30 June 2019

7,250