Forma Design (U.K.) Limited - Abbreviated accounts 16.3

Forma Design (U.K.) Limited - Abbreviated accounts 16.3

FORMA DESIGN (U.K.) LIMITED - Company Information

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REGISTERED NUMBER: 05210841 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

FORMA DESIGN (U.K.) LIMITED

FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 August 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)

ABBREVIATED BALANCE SHEET
31 August 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 27,052 10,967

CURRENT ASSETS
Stocks 26,194 43,931
Debtors 196,480 2,824
Cash at bank and in hand 93,429 69,559
316,103 116,314
CREDITORS
Amounts falling due within one year 121,488 41,813
NET CURRENT ASSETS 194,615 74,501
TOTAL ASSETS LESS CURRENT
LIABILITIES
221,667
85,468

PROVISIONS FOR LIABILITIES 4,756 1,395
NET ASSETS 216,911 84,073

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 216,909 84,071
SHAREHOLDERS' FUNDS 216,911 84,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 3 February 2017 and were signed by:



M S McCullough - Director


The notes form part of these abbreviated accounts

Page 1
FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 August 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting
policies adopted in the preparation of the financial statements are set out below and have remained unchanged
from the previous year.

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 January 2015).

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal
course of business. Revenue is recognised in respect of service contracts when the company obtains the right to
consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Furniture and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 2 continued...
FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 August 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 34,153
Additions 23,037
At 31 August 2016 57,190
DEPRECIATION
At 1 September 2015 23,186
Charge for year 6,952
At 31 August 2016 30,138
NET BOOK VALUE
At 31 August 2016 27,052
At 31 August 2015 10,967

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary 'A' £1 1 1
1 Ordinary 'B' £1 1 1
2 2

Page 3