FBD Consultancy Limited
FBD Consultancy Limited
Registered number: SC202280
Abbreviated accounts
For The Year Ended 31 March 2014
FBD Consultancy Limited
Company No. SC202280
Abbreviated Balance Sheet
31 March 2014
Abbreviated Balance Sheet
| 2014 | 2013 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 2 |
|
|
||
| Investments | 3 |
|
|
||
| 799,479 | 749,568 | ||||
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year |
( |
( |
|||
| NET CURRENT ASSETS (LIABILITIES) |
( |
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
( |
( |
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
|
|
||
| Profit and Loss account |
|
|
|||
| SHAREHOLDERS' FUNDS |
|
|
|||
Page 1
FBD Consultancy Limited
Company No. SC202280
Abbreviated Balance Sheet (continued)
31 March 2014
Director's responsibilities
-
The member has 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
|
|
|
|
Page 2
FBD Consultancy Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 March 2014
Notes to the Abbreviated Accounts
Accounting Policies
Valuation of Investments
Investments held as fixed assets are stated at cost less any provision for impairment.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Capital works in progress are stated at the lower of cost or net realisable value. Cost includes the cost of land and any other direct costs specifically attributable to the property development. Profit or losses arising on the sale of options over property and the sale of sites are recognised when contracts for sale have been exchanged and have become unconditional. On completion assets retained are transferred to the appropriate category of tangible fixed asset.
| Capital Works In Progress |
|
| Motor Vessels |
|
| Fixtures & Fittings |
|
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
Page 3
FBD Consultancy Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 March 2014
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
|
| Additions |
|
| As at |
|
| Depreciation | |
| As at |
|
| Provided during the period |
|
| As at |
|
| Net Book Value | |
| As at |
|
| As at |
|
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
|
| Additions |
|
| As at |
|
| Provision | |
| As at |
|
| As at |
|
| Net Book Value | |
| As at |
|
| As at |
|
The Company holds 20% or more of the share capital of the following companies:
SNA Holdings Limited, a company incorporated in Scotland as a Holding Company. The company owns 30.1% of the Ordinary Shares Issued.
The aggreagte amount of capital and reserves of SNA Holings Limited is £3,596,000 and the results of these undertakings for the last relevant financial year were a profit of £Nil (2013: £Nil).
Page 4
FBD Consultancy Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 March 2014
Ultimate Controlling Party
The company's ultimate controlling party is Derek Kilcoyne by virtue of his shareholding in the issued share capital in the company.
Page 5