FORMAN_LIMITED - Accounts

FORMAN_LIMITED - Accounts

FORMAN LIMITED - Company Information

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Company Registration No. 04381644 (England and Wales)
FORMAN LIMITED
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2013
FORMAN LIMITED
COMPANY INFORMATION
Director
Mr J B Forman
Secretary
Palmerston Secretaries Limited
Company number
04381644
Registered office
Palmerston House
814 Brighton Road
PURLEY
Surrey
CR8 2BR
Accountants
Palmerston Limited
Palmerston House
814 Brighton Road
PURLEY
Surrey
CR8 2BR
FORMAN LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
FORMAN LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 OCTOBER 2013
- 1 -
The director presents his report and financial statements for the year ended 31 October 2013.
Principal activities

The principal activity of the company continued to be that of solicitors and legal services.

Director
The following director has held office since 1 November 2012:
Mr J B Forman
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr J B Forman
Director
2 July 2014
FORMAN LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FORMAN LIMITED FOR THE YEAR ENDED 31 OCTOBER 2013
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forman Limited for the year ended 31 October 2013 set out on pages 3 to 7 from the company's accounting records and from information and explanation you have given us.

This report is made solely to the Board of Directors of Forman Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2012.
It is your duty to ensure that Forman Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Forman Limited. You consider that Forman 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 financial statements of Forman 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 financial statements.
Palmerston Limited
2 July 2014
Accountants
Palmerston House
814 Brighton Road
PURLEY
Surrey
CR8 2BR
FORMAN LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2013
- 3 -
2013
Notes
£
Turnover
54,014
Administrative expenses
(63,120)
Operating loss
2
(9,106)
Other interest receivable and similar income
3
4
Interest payable and similar charges
(850)
Loss on ordinary activities before taxation
(9,952)
Tax on loss on ordinary activities
-
0
Loss for the year
8
(9,952)
FORMAN LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2013
31 October 2013
- 4 -
2013
Notes
£
£
Fixed assets
Tangible assets
4
881
Current assets
Debtors
5
8,025
Cash at bank and in hand
5,896
13,921
Creditors: amounts falling due within one year
6
(24,753)
Net current (liabilities)/assets
(10,832)
Total assets less current liabilities
(9,951)
Capital and reserves
Called up share capital
7
1
Profit and loss account
8
(9,952)
Shareholders' funds
(9,951)
For the financial year ended 31 October 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 2 July 2014
Mr J B Forman
Director
Company Registration No. 04381644
FORMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2013
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
2
Operating loss
2013
£
Operating loss is stated after charging:
Depreciation of tangible assets
434
Director's remuneration
3,500
3
Investment income
2013
£
Bank interest
4
4
FORMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2013
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2012
-
0
Additions
1,315
At 31 October 2013
1,315
Depreciation
At 1 November 2012
-
0
Charge for the year
434
At 31 October 2013
434
Net book value
At 31 October 2013
881
5
Debtors
2013
£
Trade debtors
3,227
Other debtors
4,798
8,025
6
Creditors: amounts falling due within one year
2013
£
Taxation and social security
1,986
Payments received on account
11,921
Other creditors
10,846
24,753
FORMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2013
- 7 -
7
Share capital
2013
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
8
Statement of movements on profit and loss account
Profit
and loss
account
£
Loss for the year
(9,952)
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