F.T.D.S LTD

F.T.D.S LTD

F.T.D.S LTD - Company Information

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F.T.D.S LTD

Company Registration Number:
01878520 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2018

Period of accounts

Start date: 01 February 2017

End date: 31 January 2018

F.T.D.S LTD

Contents of the Financial Statements

for the Period Ended 31 January 2018

Balance sheet
Notes

F.T.D.S LTD

Balance sheet

As at 31 January 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 5,740 7,362
Total fixed assets: 5,740 7,362
Current assets
Stocks: 38,751 30,692
Debtors:   464,912 469,937
Cash at bank and in hand: 58,385 63,335
Investments:   1,715 1,225
Total current assets: 563,763 565,189
Creditors: amounts falling due within one year:   (124,413) (120,151)
Net current assets (liabilities): 439,350 445,038
Total assets less current liabilities: 445,090 452,400
Provision for liabilities: (846) (1,256)
Total net assets (liabilities): 444,244 451,144
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 444,144 451,044
Shareholders funds: 444,244 451,144

The notes form part of these financial statements

F.T.D.S LTD

Balance sheet statements

For the year ending 31 January 2018 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 June 2018
and signed on behalf of the board by:

Name: J E Goody
Status: Director

The notes form part of these financial statements

F.T.D.S LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods provided in the normal course of business. Revenue is recognised when the goods are dispatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:plant and machinery - 15% reducing balancemotor vehicles - 25% reducing balance

F.T.D.S LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

2. Employees

2018 2017
Average number of employees during the period 11 11

F.T.D.S LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

3. Tangible Assets

Total
Cost £
At 01 February 2017 27,371
At 31 January 2018 27,371
Depreciation
At 01 February 2017 20,009
Charge for year 1,622
At 31 January 2018 21,631
Net book value
At 31 January 2018 5,740
At 31 January 2017 7,362

F.T.D.S LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

4. Loans to directors

Name of director receiving advance or credit: J E Goody
Description of the loan: The company owed the director at the end of the financial year £8,656 (2017:£9,579). The loan is interest free and carries no set terms of repayment.
£
Balance at 01 February 2017 9,579
Advances or credits repaid: 923
Balance at 31 January 2018 8,656

F.T.D.S LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

5. Related party transactions

J Goody is a director and majority shareholder in Golam Properties Limited and D D Goody Limited. At the end of the financial year the company owed D D Goody Limited £9,664 (2017:£9,664) and Golam Properties owed the company £357,659 (2017:£357,659)