Firmview Associates Ltd.

Firmview Associates Ltd.

FIRMVIEW ASSOCIATES LTD. - Company Information

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1 August 2016 false No description of principal activity Taxfiler 2017.48.Web 02735960business:PrivateLimitedCompanyLtd2016-08-012017-07-31 027359602016-07-31 027359602016-08-012017-07-31 02735960business:AuditExemptWithAccountantsReport2016-08-012017-07-31 02735960business:FullAccounts2016-08-012017-07-31 027359602017-07-31 02735960business:Director12016-08-012017-07-31 02735960business:Director22016-08-012017-07-31 02735960business:RegisteredOffice2016-08-012017-07-31 027359602016-07-31 02735960core:WithinOneYear2017-07-31 02735960core:WithinOneYear2016-07-31 02735960core:ShareCapital2017-07-31 02735960core:ShareCapital2016-07-31 02735960core:RetainedEarningsAccumulatedLosses2017-07-31 02735960core:RetainedEarningsAccumulatedLosses2016-07-31 02735960business:SmallEntities2016-08-012017-07-31 02735960countries:EnglandWales2016-08-012017-07-31 02735960core:PlantMachinery2016-08-012017-07-31 02735960core:Goodwill2016-07-31 02735960core:Goodwill2017-07-31 02735960core:Goodwill2016-08-012017-07-31 02735960core:PlantMachinery2016-07-31 02735960core:PlantMachinery2017-07-31 027359602015-08-012016-07-31 iso4217:GBP xbrli:pure
Company Registration No. 02735960 (England and Wales)
Firmview Associates Ltd. Unaudited accounts for the year ended 31 July 2017
Firmview Associates Ltd. Unaudited accounts Contents
Page
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Firmview Associates Ltd. Company Information for the year ended 31 July 2017
Directors
Mrs M Duncan Mr P Duncan
Company Number
02735960 (England and Wales)
Registered Office
19 CHANCEL WAY CHARLTON KINGS CHELTENHAM GLOUCESTERSHIRE GL53 7RR
Accountants
Chris Mattos Tax Willow Court, The Old Police Station Beeches Green Stroud Glos GL5 4BJ
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Firmview Associates Ltd. Statement of financial position as at 31 July 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
709 
1,139 
Investments
6
50,724 
50,724 
51,433 
51,863 
Current assets
Debtors
7
7,909 
32,631 
Cash at bank and in hand
(4,044)
27,534 
3,865 
60,165 
Creditors: amounts falling due within one year
8
(3,045)
(33,230)
Net current assets
820 
26,935 
Net assets
52,253 
78,798 
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
52,133 
78,678 
Shareholders' funds
52,253 
78,798 
For the year ending 31 July 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 March 2018.
Mr P Duncan Director Company Registration No. 02735960
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Firmview Associates Ltd. Notes to the Accounts for the year ended 31 July 2017
1
Statutory information
Firmview Associates Ltd. is a private company, limited by shares, registered in England and Wales, registration number 02735960. The registered office is 19 CHANCEL WAY, CHARLTON KINGS, CHELTENHAM, GLOUCESTERSHIRE, GL53 7RR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2016
2,154 
At 31 July 2017
2,154 
Amortisation
At 1 August 2016
1,015 
Charge for the year
430 
At 31 July 2017
1,445 
Net book value
At 31 July 2017
709 
At 31 July 2016
1,139 
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Firmview Associates Ltd. Notes to the Accounts for the year ended 31 July 2017
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2016
78,622 
At 31 July 2017
78,622 
Depreciation
At 1 August 2016
78,622 
At 31 July 2017
78,622 
Net book value
At 31 July 2017
- 
6
Investments
Other investments 
£ 
Valuation at 1 August 2016
50,724 
Valuation at 31 July 2017
50,724 
7
Debtors
2017 
2016 
£ 
£ 
Trade debtors
7,727 
4,755 
Accrued income and prepayments
182 
27,876 
7,909 
32,631 
8
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
6,614 
10,392 
Taxes and social security
(6,128)
4,358 
Loans from directors
1,959 
(5,000)
Accruals
600 
766 
Deferred income
- 
22,714 
3,045 
33,230 
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).
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