Accounts filed on 28-02-2016


Registered number: 07523205






FTS Energy Ltd


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28/02/2016
























Prepared By:
Wootton Taylor
Certified Public Accountants
Oak House
16 Suffolk Way
Droitwich Spa
Worcestershire
WR9 7RE


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 28/02/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 07523205


Registered Number: 07523205

BALANCE SHEET AT 28/02/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		7,248		9,623

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	3,365		881
Cash at bank and in hand		8,290		8,978
		11,655		9,859
CREDITORS: Amounts falling due within one year		9,399		13,108
NET CURRENT ASSETS / (LIABILITIES)			2,256		(3,249)
TOTAL ASSETS LESS CURRENT LIABILITIES			9,504		6,374


CREDITORS: Amounts falling due after more than one year	4		6,060		5,783

NET ASSETS			3,444		591

CAPITAL AND RESERVES

Called up share capital	5		4		4
Profit and loss account			3,440		587
SHAREHOLDERS' FUNDS			3,444		591

For the year ending 28/02/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 25/11/2016 and signed on their behalf by




Jane Doyle
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	3,365	618
Other Tax	-	263
	3,365	881




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Other creditors	6,060	5,783
	6,060	5,783


Included in other creditors are:
Obligations under hire purchase	6,060	5,783




5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
4 Ordinary shares of £1 each	4	4
	4	4

New shares issued during period:
4 Ordinary shares of £1 each	4	4




6. TRANSACTIONS WITH DIRECTORS
The balace due to the directors as at 28th February 2014 was £5,461




7. CONTROLLING PARTY
The ultimate controlling parties are Mr J Doyle and Mrs J Doyle owning 50% each of the shareholding.