Abbreviated Company Accounts - FGS LIMITED

04616060 FGS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04616060 2013-04-01 2014-03-31 04616060 2014-03-31 04616060 2013-03-31 04616060 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04616060 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 04616060

FGS LIMITED

Abbreviated Accounts

31 March 2014

FGS LIMITED Registered Number 04616060

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	20,133	24,865
		20,134	24,866
Current assets
Debtors		5,335	2,895
Cash at bank and in hand		41,508	31,714
		46,843	34,609
Prepayments and accrued income		700	700
Creditors: amounts falling due within one year		(32,848)	(24,767)
Net current assets (liabilities)		14,695	10,542
Total assets less current liabilities		34,829	35,408
Total net assets (liabilities)		34,829	35,408
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		34,729	35,308
Shareholders' funds		34,829	35,408

For the year ending 31 March 2014 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 9 December 2014

And signed on their behalf by:
Bruce Jones, Director

FGS LIMITED Registered Number 04616060

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Intangible assets amortisation policy
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

2Intangible fixed assets

	£
Cost
At 1 April 2013	60,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	60,000
Amortisation
At 1 April 2013	59,999
Charge for the year	-
On disposals	-
At 31 March 2014	59,999
Net book values
At 31 March 2014	1
At 31 March 2013	1

Included above is the Goodwill, purchased when the business was acquired as a going concern in 2004, being amortised evenly over its useful life of 10 years.

3Tangible fixed assets

	£
Cost
At 1 April 2013	49,961
Additions	1,978
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	51,939
Depreciation
At 1 April 2013	25,096
Charge for the year	6,710
On disposals	-
At 31 March 2014	31,806
Net book values
At 31 March 2014	20,133
At 31 March 2013	24,865

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100