Faces for Places Limited
Faces for Places Limited
Registered number: 09258228
Financial Statements
For The Year Ended 30 September 2017
Faces for Places Limited
Financial Statements
For The Year Ended 30 September 2017
Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Faces for Places Limited
Balance Sheet
As at
30 September 2017
Balance Sheet
Registered number:
09258228
For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 30 September 2017 | Period to 30 September 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 1,152 | 1,294 | |||
Page 1
Faces for Places Limited
Balance Sheet (continued)
As at
30 September 2017
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Faces for Places Limited
Notes to the Financial Statements
For The Year Ended 30 September 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
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 January 2015).
1.2.
Turnover
Turnover represents amounts receivable for goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
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:
| Freehold |
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| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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| £ | £ | £ | £ | £ | |
| Cost | |||||
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| Additions |
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| Depreciation | |||||
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| Provided during the period |
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| Net Book Value | |||||
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Page 3
Faces for Places Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2017
3.
Stocks
| 30 September 2017 | Period to 30 September 2016 | ||
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| £ | £ | ||
| Stock - finished goods |
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4.
Debtors
| 30 September 2017 | Period to 30 September 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| VAT | - |
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5.
Creditors: Amounts Falling Due Within One Year
| 30 September 2017 | Period to 30 September 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Director's loan account |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 30 September 2017 | Period to 30 September 2016 | ||
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| £ | £ | ||
| Other creditors |
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Page 4
Faces for Places Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2017
8.
Ultimate Controlling Party
The company's ultimate controlling party is Margaret Cattell by virtue of her ownership of 100% of the issued share capital in the company.
9.
General Information
Faces for Places Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09258228 . The registered office is 39 High Street, Orpington, Kent, BR6 0JE.
Page 5