Abbreviated Company Accounts - FORDE CONSTRUCTION (LONDON) LIMITED

FORDE CONSTRUCTION (LONDON) LIMITED - Company Information

Registered Number 03002428

FORDE CONSTRUCTION (LONDON) LIMITED

Abbreviated Accounts

31 August 2014

FORDE CONSTRUCTION (LONDON) LIMITED Registered Number 03002428

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,033	5,725
Investments	3	70,291	70,291
		77,324	76,016
Current assets
Stocks		23,150	27,410
Debtors		458,949	473,188
Cash at bank and in hand		215,506	250,983
		697,605	751,581
Creditors: amounts falling due within one year		(20,391)	(37,236)
Net current assets (liabilities)		677,214	714,345
Total assets less current liabilities		754,538	790,361
Provisions for liabilities		(1,174)	(862)
Total net assets (liabilities)		753,364	789,499
Capital and reserves
Called up share capital		100	100
Profit and loss account		753,264	789,399
Shareholders' funds		753,364	789,499

For the year ending 31 August 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 May 2015

And signed on their behalf by:
K G Forde, Director

FORDE CONSTRUCTION (LONDON) LIMITED Registered Number 03002428

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents total value of work done, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Other accounting policies
Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 September 2013	22,732
Additions	4,000
Disposals	(825)
Revaluations	-
Transfers	-
At 31 August 2014	25,907
Depreciation
At 1 September 2013	17,007
Charge for the year	2,344
On disposals	(477)
At 31 August 2014	18,874
Net book values
At 31 August 2014	7,033
At 31 August 2013	5,725

3Fixed assets Investments
Investments (neither listed nor unlisted) were as follows:

Ordinary share £70,291 (2013 - £70,291)