Forbes Business Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07006161 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Forbes Business Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D P Forbes

Mrs V R Forbes

REGISTERED OFFICE:

Maple House

5 White Delves

Wellingborough

Northamptonshire

NN8 5XW

REGISTERED NUMBER:

07006161 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Tangible assets

2

2,212

2,950

CURRENT ASSETS

Debtors

16,077

54,156

Cash at bank

57,860

33,691

73,937

87,847

CREDITORS

Amounts falling due within one year

1,677

11,105

NET CURRENT ASSETS

72,260

76,742

TOTAL ASSETS LESS CURRENT LIABILITIES

74,472

79,692

PROVISIONS FOR LIABILITIES

442

590

NET ASSETS

74,030

79,102

CAPITAL AND RESERVES

Called up share capital

3

20

20

Profit and loss account

74,010

79,082

SHAREHOLDERS' FUNDS

74,030

79,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 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 Board of Directors on 29 June 2017 and were signed on its behalf by:

Mr D P Forbes - 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 January 2015).

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

14,117

DEPRECIATION

At 1 October 2015

11,167

Charge for year

738

At 30 September 2016

11,905

NET BOOK VALUE

At 30 September 2016

2,212

At 30 September 2015

2,950

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

20

Ordinary

£1.00

20

20

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2016 and

30 September 2015:

2016

2015

£

£

Mr D P Forbes and Mrs V R Forbes

Balance outstanding at start of year

54,156

-

Amounts repaid

(56,243

)

-

Balance outstanding at end of year

16,077

54,156

The loan is interest bearing and was repaid within nine months of the year end