Focus Facilities Management Limited - Period Ending 2014-12-31

Registration number: 04335479

Focus Facilities Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Thomas Alexander & Co Ltd
590 Green Lanes
Palmers Green
London
N13 5RY

Focus Facilities Management Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Focus Facilities Management Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Focus Facilities Management Limited for the year ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Focus Facilities Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Focus Facilities Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Focus Facilities Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Focus Facilities Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Focus Facilities Management Limited. You consider that Focus Facilities Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Focus Facilities Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Thomas Alexander & Co Ltd
590 Green Lanes
Palmers Green
London
N13 5RY

18 September 2015

Page 1

Focus Facilities Management Limited
(Registration number: 04335479)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					21,183			24,057
Current assets
Debtors					807,190			855,535
Cash at bank and in hand					190,358			206,939
					997,548			1,062,474
Creditors: Amounts falling due within one year					(637,366)			(426,479)
Net current assets					360,182			635,995
Total assets less current liabilities					381,365			660,052
Provisions for liabilities					(1,718)			(1,893)
Net assets					379,647			658,159
Capital and reserves
Called up share capital		3			90			90
Profit and loss account					379,557			658,069
Shareholders' funds					379,647			658,159

For the year ending 31 December 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 18 September 2015 and signed on its behalf by:

.........................................
Mr Dragos Iorga
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Focus Facilities Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 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
Fixtures and fittings	25% Straight line method

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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 3

Focus Facilities Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		224,578			224,578
Additions		13,599			13,599
At 31 December 2014		238,177			238,177
Depreciation
At 1 January 2014		200,521			200,521
Charge for the year		16,473			16,473
At 31 December 2014		216,994			216,994
Net book value
At 31 December 2014		21,183			21,183
At 31 December 2013		24,057			24,057

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		90			90			90			90

4

Control

The company is controlled by Focus Facilities Management Holdings Limited. The ultimate controlling party is .

Page 4