Future Carpentry Contractors Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05918173 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018

FOR

FUTURE CARPENTRY CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

S Robertson

Registered office:

21 New Walk

Leicester

LE1 6TE

Registered number:

05918173 (England and Wales)

Accountants:

Sturgess Hutchinson

Chartered Certified Accountants

10 Station Road

Earl Shilton

Leicester

LE9 7GA

Fixed assets

Tangible assets

4

46,465

58,342

Current assets

Stocks

11,500

9,000

Debtors

5

57,488

59,764

Cash at bank and in hand

41,713

37,337

110,701

106,101

Creditors

Amounts falling due within one year

6

63,403

73,160

Net current assets

47,298

32,941

Total assets less current liabilities

93,763

91,283

Provisions for liabilities

8,828

11,085

Net assets

84,935

80,198

Capital and reserves

Called up share capital

1

1

Retained earnings

84,934

80,197

84,935

80,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 November 2018 and were signed by:

S Robertson - Director

1.	Statutory information

Future Carpentry Contractors Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	Employees and directors

The average number of employees during the year was 1 (2017 - 1 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 September 2017

122,741

Additions

3,609

At 31 August 2018

126,350

Depreciation

At 1 September 2017

64,399

Charge for year

15,486

At 31 August 2018

79,885

Net book value

At 31 August 2018

46,465

At 31 August 2017

58,342

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

7,017

9,764

Other debtors

50,471

50,000

57,488

59,764

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

8,226

11,562

Taxation and social security

16,252

19,161

Other creditors

38,925

42,437

63,403

73,160

7.	Director's advances, credits and guarantees

Other creditors includes the amount of £667 owed by the company to the director (2017: £4,179)

8.	Ultimate controlling party

The ultimate controlling party is S Robertson.