Fordwater Properties Limited - Limited company accounts 11.7

REGISTERED NUMBER: 03247759 (England and Wales)

FORDWATER PROPERTIES LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 SEPTEMBER 2014 TO 26 SEPTEMBER 2015

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

W J A Timpson

W J Timpson

P Majithia

REGISTERED OFFICE:

Timpson House

Claverton Road

Wythenshawe

Manchester

M23 9TT

REGISTERED NUMBER:

03247759 (England and Wales)

The directors present their report with the financial statements of the company for the period 28 September 2014 to 26 September 2015.

DIRECTORS

The directors shown below have held office during the whole of the period from 28 September 2014 to the date of this

report.

W J A Timpson

W J Timpson

P Majithia

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

P Majithia - Director

11 March 2016

TURNOVER

240,920

361,531

Cost of sales

224,027

334,801

GROSS PROFIT

16,893

26,730

Administrative expenses

2

(2,515

)

16,891

29,245

Other operating income

80,175

106,131

OPERATING PROFIT

2

97,066

135,376

Interest payable and similar charges

25

-

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

97,041

135,376

Tax on profit on ordinary activities

3

2,090

-

PROFIT FOR THE FINANCIAL PERIOD

94,951

135,376

CURRENT ASSETS

Debtors

4

(261,359

)

225,686

Cash at bank

532,600

444,374

271,241

670,060

CREDITORS

Amounts falling due within one year

5

73,197

566,967

NET CURRENT ASSETS

198,044

103,093

TOTAL ASSETS LESS CURRENT LIABILITIES

198,044

103,093

CAPITAL AND RESERVES

Called up share capital

6

2

2

Profit and loss account

7

198,042

103,091

SHAREHOLDERS' FUNDS

198,044

103,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 11 March 2016 and were signed on its behalf by:

P Majithia - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	OPERATING PROFIT

The operating profit is stated after charging:

Period

Period

28.9.14

1.4.13

to

to

26.9.15

27.9.14

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the period was as follows:

Period

Period

28.9.14

1.4.13

to

to

26.9.15

27.9.14

£

£

Current tax:

UK corporation tax

2,090

-

Tax on profit on ordinary activities

2,090

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

£

Trade debtors

(304,638

)

193,290

Amounts owed by group undertakings

40,000

30,000

Other debtors

3,279

2,396

(261,359

)

225,686

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

£

Trade creditors

(4,571

)

2,565

Amounts owed to group undertakings

13,518

333,073

Taxation and social security

64,250

172,866

Other creditors

-

58,463

73,197

566,967

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

1

2

2

7.

RESERVES

Profit

and loss

account

£

At 28 September 2014

103,091

Profit for the period

94,951

At 26 September 2015

198,042