FDB Leasing Limited - Accounts to registrar (filleted) - small 18.2

FDB Leasing Limited - Accounts to registrar (filleted) - small 18.2

FDB LEASING LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.2.0.376 06976010 director 1.10.19 30.9.20 30.9.20 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure069760102019-09-30069760102020-09-30069760102019-10-012020-09-30069760102018-09-30069760102018-10-012019-09-30069760102019-09-3006976010ns16:EnglandWales2019-10-012020-09-3006976010ns15:PoundSterling2019-10-012020-09-3006976010ns11:Director12019-10-012020-09-3006976010ns11:PrivateLimitedCompanyLtd2019-10-012020-09-3006976010ns11:SmallEntities2019-10-012020-09-3006976010ns11:AuditExempt-NoAccountantsReport2019-10-012020-09-3006976010ns11:SmallCompaniesRegimeForDirectorsReport2019-10-012020-09-3006976010ns11:SmallCompaniesRegimeForAccounts2019-10-012020-09-3006976010ns11:FullAccounts2019-10-012020-09-3006976010ns11:OrdinaryShareClass12019-10-012020-09-3006976010ns11:RegisteredOffice2019-10-012020-09-3006976010ns6:CurrentFinancialInstruments2020-09-3006976010ns6:CurrentFinancialInstruments2019-09-3006976010ns6:ShareCapital2020-09-3006976010ns6:ShareCapital2019-09-3006976010ns6:RetainedEarningsAccumulatedLosses2020-09-3006976010ns6:RetainedEarningsAccumulatedLosses2019-09-3006976010ns6:PlantMachinery2019-10-012020-09-3006976010ns6:PlantMachinery2019-09-3006976010ns6:PlantMachinery2020-09-3006976010ns6:PlantMachinery2019-09-3006976010ns11:OrdinaryShareClass12020-09-30
REGISTERED NUMBER: 06976010 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

FDB LEASING LIMITED
FDB LEASING LIMITED (REGISTERED NUMBER: 06976010)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FDB LEASING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTOR: Mr N A Durham





REGISTERED OFFICE: Cleveland
Parkstone Drive
Camberley
Surrey
GU15 2PA





REGISTERED NUMBER: 06976010 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Chartered Accountants & Tax Advisers
Fifth Floor
11 Leadenhall Street
London
EC3V 1LP
Page 1
FDB LEASING LIMITED (REGISTERED NUMBER: 06976010)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 5 4,481 31,749

CREDITORS
Amounts falling due within one year 6 6,315 30,492
NET CURRENT (LIABILITIES)/ASSETS (1,834 ) 1,257
TOTAL ASSETS LESS CURRENT
LIABILITIES
(1,834
)
1,257

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (2,834 ) 257
SHAREHOLDERS' FUNDS (1,834 ) 1,257

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 24 September 2021 and were signed by:





Mr N A Durham - Director


The notes form part of these financial statements

Page 2
FDB LEASING LIMITED (REGISTERED NUMBER: 06976010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020


1. STATUTORY INFORMATION

FDB Leasing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The director consider it appropriate for the accounts to be prepared on a going concern basis which assumes that the company will continue in operational existence in the foreseeable future. The director is confident that the company will be able to maintain profitability in the future.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
In preparing the financial statements, management were not required to make any estimates or judgments which materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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 - 25% on reducing balance

Page 3 continued...
FDB LEASING LIMITED (REGISTERED NUMBER: 06976010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Accounts payable are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Accounts payable greater than one year are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

Page 4 continued...
FDB LEASING LIMITED (REGISTERED NUMBER: 06976010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
Cost
At 1 October 2019
and 30 September 2020 4,820
Depreciation
At 1 October 2019
and 30 September 2020 4,820
Net book value
At 30 September 2020 -
At 30 September 2019 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 4,481 31,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 4,126 4,055
Other loans - 11,284
Tax 132 8,086
Other creditors 1,108 4,817
Directors' current accounts 49 -
Accrued expenses 900 2,250
6,315 30,492

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 5