Company Registration No. 07920359 (England and Wales)
Fine Home Building Ltd
Unaudited accounts
for the year ended 31 January 2020
Fine Home Building Ltd
Unaudited accounts
Contents
Fine Home Building Ltd
Company Information
for the year ended 31 January 2020
Director
Mr Velislav Rashkov
Secretary
Mr Velislav Rashkov
Company Number
07920359 (England and Wales)
Registered Office
Mill Cottage
Blackjacks Lock
Harefield
UB9 6HL
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Fine Home Building Ltd
Statement of financial position
as at 31 January 2020
Cash at bank and in hand
3,606
10,213
Creditors: amounts falling due within one year
(19,113)
(12,826)
Net current liabilities
(15,507)
(2,613)
Net liabilities
(15,507)
(2,613)
Called up share capital
100
100
Profit and loss account
(15,607)
(2,713)
Shareholders' funds
(15,507)
(2,613)
For the year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 January 2021 and were signed on its behalf by
Mr Velislav Rashkov
Director
Company Registration No. 07920359
Fine Home Building Ltd
Notes to the Accounts
for the year ended 31 January 2020
Fine Home Building Ltd is a private company, limited by shares, registered in England and Wales, registration number 07920359. The registered office is Mill Cottage, Blackjacks Lock, Harefield, UB9 6HL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
The director is assessing, on a daily basis, the impact of the significant uncertainty arising. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
4
Creditors: amounts falling due within one year
2020
2019
Trade creditors
5,245
1,319
Taxes and social security
840
1,396
Loans from directors
4,769
10,111
5
Average number of employees
During the year the average number of employees was 1 (2019: 1).
