Applied Facilities Management Ltd - Period Ending 2014-09-30

Registration number: 4914291

Applied Facilities Management Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Hugh Davies & Co
35 Chequers Court
Brown Street
Salisbury
Wiltshire
SP1 2AS

Applied Facilities Management Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Applied Facilities Management Ltd
(Registration number: 4914291)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			2,852			3,803
Current assets
Stocks					3,250			4,000
Debtors					3,191			3,663
Cash at bank and in hand					9			5,132
					6,450			12,795
Creditors: Amounts falling due within one year					(2,853)			(5,100)
Net current assets					3,597			7,695
Total assets less current liabilities					6,449			11,498
Creditors: Amounts falling due after more than one year					(4,000)			(10,000)
Net assets					2,449			1,498
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					2,349			1,398
Shareholders' funds					2,449			1,498

For the year ending 30 September 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 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 10 June 2015

.........................................
N C Blake
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Applied Facilities Management Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures, fittings and equipment	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Applied Facilities Management Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		22,337			22,337
At 30 September 2014		22,337			22,337
Depreciation
At 1 October 2013		18,534			18,534
Charge for the year		951			951
At 30 September 2014		19,485			19,485
Net book value
At 30 September 2014		2,852			2,852
At 30 September 2013		3,803			3,803

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3