F.T.D.S._LIMITED - Accounts

F.T.D.S LTD - Company Information

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Company Registration No. 01878520 (England and Wales)

F.T.D.S. LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

F.T.D.S. LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

F.T.D.S. LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,573

4,353

Current assets

Stocks

39,913

41,951

Debtors

447,929

442,718

Investments

1,838

1,563

Cash at bank and in hand

83,902

77,902

573,582

564,134

Creditors: amounts falling due within one year

(119,528)

(118,653)

Net current assets

454,054

445,481

Total assets less current liabilities

456,627

449,834

Provisions for liabilities

(251)

(549)

456,376

449,285

Capital and reserves

Called up share capital

100

Profit and loss account

456,276

449,185

Shareholders' funds

456,376

449,285

For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 July 2016

J E Goody

Director

Company Registration No. 01878520

F.T.D.S. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 2 -

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 January 2015).

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 comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods provided in the normal course of business. Revenue is recognised when the goods are dispatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

1.6

Investments

Current asset investments are stated at the lower of cost and net realisable value.

F.T.D.S. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2015

250,000

31,785

281,785

Disposals

(11,314)

At 31 January 2016

250,000

20,471

270,471

Depreciation

At 1 February 2015

250,000

27,431

277,431

On disposals

(10,181)

Charge for the year

648

At 31 January 2016

250,000

17,898

267,898

Net book value

At 31 January 2016

2,573

At 31 January 2015

4,353

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100