F E Associates Limited Company Accounts
F E Associates Limited Company Accounts
COMPANY REGISTRATION NUMBER:
08747426
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Financial Statements |
Year ended 31 March 2020
Contents |
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Statement of financial position |
1 to 2 |
Notes to the financial statements |
3 to 7 |
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
– |
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Provisions |
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Net assets |
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Capital and reserves
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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Statement of Financial Position (continued) |
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
11 February 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
08747426
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Notes to the Financial Statements |
Year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Apex Court Woodlands, Bradley Stoke, Bristol, England, BS32 4JT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Revenue recognition
Taxation
Operating leases
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
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Impairment of fixed assets
Factoring with recourse
The gross amount of the factored debts are shown within assets, and a corresponding liability in respect of the proceeds received from the factor is shown within liabilities. The interest element of the factor's charges and other factoring costs are recognised as they accrue and included in the profit and loss account within the appropriate caption.
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
29
(2019:
31
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 April 2019 and 31 March 2020 |
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Amortisation |
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At 1 April 2019 |
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Charge for the year |
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At 31 March 2020 |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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6.
Tangible assets
Equipment |
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£ |
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Cost |
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At 1 April 2019 |
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Additions |
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At 31 March 2020 |
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Depreciation |
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At 1 April 2019 |
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Charge for the year |
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At 31 March 2020 |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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7.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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The company has granted a fixed and floating charge on its assets to secure the bank indebtedness.
9.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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The company has granted a fixed and floating charge on its assets to secure the bank indebtedness.
10.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2020 |
2019 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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11.
Pension commitments
At the balance sheet date unpaid contributions of £3,742 (2019: £4,972) were due to defined contribution plans. They are included in other creditors.
12.
Directors' advances, credits and guarantees
Included in other debtors are loans to two directors of £nil (2019: £2,515) and £nil (2019: £380). The amount advanced in the period to director 1 was £nil (2019: £2,515) and to director 2 was £nil (2019: £380). The amount repaid in the period by director 1 was £2,515 (2019: £nil) and director 2 was £380 (2019: £nil). The loans are unsecured, interest free and repayable on demand.