Fordbank Properties Limited - Abbreviated accounts

FORDBANK PROPERTIES LIMITED - Company Information

Fordbank Properties Limited

Abbreviated Accounts

28 April 2015

Registered number

07077376

Fordbank Properties Limited
Registered number:		07077376
Abbreviated Balance Sheet
as at 28 April 2015

Notes			2015			2014
£				£
Current assets

Debtors		130,759			128,558
Cash at bank and in hand		15,546			13,612

		146,305			142,170

Creditors: amounts falling due within one year		(51,879)			(50,744)


Net current assets			94,426			91,426


Net assets			94,426			91,426



Capital and reserves
Called up share capital	2		50			50
Profit and loss account			94,376			91,376


Shareholder's funds			94,426			91,426


The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.





T P Lunn
Director
Approved by the board on 11 January 2016

Fordbank Properties Limited
Notes to the Abbreviated Accounts
for the year ended 28 April 2015

1	Accounting policies

	Basis of preparation

	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Going concern

	The financial statements are prepared on a going concern basis which assumes that the company will continue trading for the foreseeable future.
	The director is aware of his responsibilities and will continue to review the progress of the company throughout the coming year. The director is confident that the company's sales will exceed projected annual costs in the coming year and consider that no other material uncertainty exists that may cast doubt on the ability of the company to continue as a going concern.
	On the basis of the above, the director considers it is appropriate to prepare these financial statements on a going concern basis.

	Turnover

	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Stocks

	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation

	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.




2	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		50		50		50