Company Registration No. 07696364 (England and Wales)
Finishing Point Flooring Ltd
Unaudited accounts
for the year ended 31 October 2017
Finishing Point Flooring Ltd
Unaudited accounts
Contents
Finishing Point Flooring Ltd
Company Information
for the year ended 31 October 2017
Company Number
07696364 (England and Wales)
Registered Office
41A NORWOOD ROAD
HERNE HILL
LONDON
ENGLAND
SE24 9AJ
Accountants
JJ Accounting
12 Mead Crescent
Dartford
Kent
DA1 2SH
Finishing Point Flooring Ltd
Statement of financial position
as at 31 October 2017
Tangible assets
1,507
1,883
Cash at bank and in hand
6,531
7,076
Creditors: amounts falling due within one year
(502)
(861)
Net current assets
6,029
7,128
Called up share capital
100
100
Profit and loss account
7,436
8,911
Shareholders' funds
7,536
9,011
For the year ending 31 October 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 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 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 31 July 2018.
Mr D Nesbeth
Director
Company Registration No. 07696364
Finishing Point Flooring Ltd
Notes to the Accounts
for the year ended 31 October 2017
Finishing Point Flooring Ltd is a private company, limited by shares, registered in England and Wales, registration number 07696364. The registered office is 41A NORWOOD ROAD, HERNE HILL, LONDON, ENGLAND, SE24 9AJ.
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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.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2016
4,200
1,546
5,746
At 31 October 2017
4,200
1,546
5,746
At 1 November 2016
2,824
1,039
3,863
Charge for the year
275
101
376
At 31 October 2017
3,099
1,140
4,239
At 31 October 2017
1,101
406
1,507
At 31 October 2016
1,376
507
1,883
Finishing Point Flooring Ltd
Notes to the Accounts
for the year ended 31 October 2017
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
2
230
Loans from directors
-
131
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 0 (2016: 0).