Abbreviated Company Accounts - FEDERAL CAPITAL LIMITED

FEDERAL CAPITAL LIMITED - Company Information

07978824 FEDERAL CAPITAL LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 07978824 2015-11-01 2016-10-31 07978824 2016-10-31 07978824 2015-10-31 07978824 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 07978824 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-10-31 iso4217:GBP shares

Registered Number 07978824

FEDERAL CAPITAL LIMITED

Abbreviated Accounts

31 October 2016

FEDERAL CAPITAL LIMITED Registered Number 07978824

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	182	1,894
Investments	3	73	73
		255	1,967
Current assets
Debtors		5,358,695	4,320,833
Cash at bank and in hand		698,594	894,793
		6,057,289	5,215,626
Creditors: amounts falling due within one year		(944,363)	(923,826)
Net current assets (liabilities)		5,112,926	4,291,800
Total assets less current liabilities		5,113,181	4,293,767
Creditors: amounts falling due after more than one year		(2,181,806)	(2,281,806)
Total net assets (liabilities)		2,931,375	2,011,961
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		2,931,373	2,011,959
Shareholders' funds		2,931,375	2,011,961

For the year ending 31 October 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 20 July 2017

And signed on their behalf by:
Mr M C Plumridge, Director

FEDERAL CAPITAL LIMITED Registered Number 07978824

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable as interest and documentation fees net of VAT and trade
discounts. Interest apportionments are calculated monthly upon capital balances outstanding and in line
with the underlying contractual agreements. Income is recognised on a basis prepared under the sum of digits method of interest apportionment, this is a suitable approximation of the underlying rate of interest calculation.

Tangible assets depreciation policy
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:
Computer equipment 33% Straight Line Depreciation
Fixtures, fittings & equipment 20% Reducing Balance Depreciation

Other accounting policies
Going Concern
The shareholding directors have and continue to be committed to providing financial support to the
company on an ongoing basis, as and when required. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

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).

Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Bad Debt Provision
Bad debts provisions are calculated on a case by case basis. The Directors deem it suitable to provide for such debts after default or termination within an agreement or where the customer has passed into an insolvency action.

Ultimate parent company
The ultimate controlling parties are the Directors by virture of the shareholding.

2Tangible fixed assets

	£
Cost
At 1 November 2015	7,437
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	7,437
Depreciation
At 1 November 2015	5,543
Charge for the year	1,712
On disposals	-
At 31 October 2016	7,255
Net book values
At 31 October 2016	182
At 31 October 2015	1,894

3Fixed assets Investments
Shares in group undertakings and participating interests.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 A Ordinary share of £1 each	1	1
1 B Ordinary shares of £1 each	1	1