Forecast Marquees UK Limited - Period Ending 2013-10-31

Registration number: 07420160

Forecast Marquees UK Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2013
 

Gorman Evans Limited
Chartered Certified Accountants
Emstrey House (South)
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Forecast Marquees UK Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Forecast Marquees UK Limited
for the Year Ended 31 October 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Forecast Marquees UK Limited for the year ended 31 October 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com.

This report is made solely to the Board of Directors of Forecast Marquees UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Forecast Marquees UK Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forecast Marquees UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Forecast Marquees UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Forecast Marquees UK Limited. You consider that Forecast Marquees UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Forecast Marquees UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gorman Evans Limited
Chartered Certified Accountants
Emstrey House (South)
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

30 July 2014

Page 1

Forecast Marquees UK Limited
(Registration number: 07420160)
Abbreviated Balance Sheet at 31 October 2013

		Note			2013 £			2012 £
Fixed assets
Intangible fixed assets					1,750			2,000
Tangible fixed assets					60,153			50,971
					61,903			52,971
Current assets
Debtors					594			119
Cash at bank and in hand					14,184			12,850
					14,778			12,969
Creditors: Amounts falling due within one year					(76,769)			(69,593)
Net current liabilities					(61,991)			(56,624)
Net liabilities					(88)			(3,653)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(89)			(3,654)
Shareholders' deficit					(88)			(3,653)

For the year ending 31 October 2013 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 director acknowledges his 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 director on 30 July 2014

.........................................
Mr E Ainslie
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Forecast Marquees UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis. This is appropriate in the opinion of the directors because they expect the company to continue to trade profitably, and of their continued support for the foreseeable future.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Goodwill is the difference between fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity’s identifiable assets and liabilities.

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Amortisation	10% straight line basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and equipment	5% reducing balance basis
Motor vehicles	20% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the term of the lease.

Page 3

Forecast Marquees UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2013
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 November 2012		2,500			62,320			64,820
Additions		-			13,822			13,822
At 31 October 2013		2,500			76,142			78,642
Depreciation
At 1 November 2012		500			11,349			11,849
Charge for the year		250			4,640			4,890
At 31 October 2013		750			15,989			16,739
Net book value
At 31 October 2013		1,750			60,153			61,903
At 31 October 2012		2,000			50,971			52,971

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

Page 4