Forte (North West) Limited
Forte (North West) Limited
Registered number: 06453400
Abbreviated accounts
For The Year Ended 31 March 2015
Meacher-Jones
Chartered Accountants
6 St John's Court
Vicars Lane
Chester
Cheshire
CH1 1QE
Forte (North West) Limited
Company No. 06453400
Abbreviated Balance Sheet
31 March 2015
Abbreviated Balance Sheet
| 2015 | 2014 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 2 |
|
|
||
| Tangible Assets | 3 |
|
|
||
| 24,050 | 30,234 | ||||
| CURRENT ASSETS | |||||
| Debtors |
|
|
|||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year |
( |
( |
|||
| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
|
( |
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS |
|
|
|||
Page 1
Forte (North West) Limited
Company No. 06453400
Abbreviated Balance Sheet (continued)
31 March 2015
Director's responsibilities
-
The member has 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
|
|
|
|
Page 2
Forte (North West) Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 March 2015
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
|
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
Intangible Assets
| Total | ||
|---|---|---|
| Cost | £ | |
| As at |
40,000 | |
| As at |
40,000 | |
| Amortisation | ||
| As at |
12,500 | |
| Provided during the period | 5,500 | |
| As at |
18,000 | |
| Net Book Value | ||
| As at |
22,000 | |
| As at |
27,500 | |
Page 3
Forte (North West) Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 March 2015
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
|
| As at |
|
| Depreciation | |
| As at |
|
| Provided during the period |
|
| As at |
|
| Net Book Value | |
| As at |
|
| As at |
|
Ultimate Controlling Party
The company is under the control of the director, Mr R J Phillips, who owns 100% of the issued share capital.
Page 4