For the year ended 31 March 2016
Unaudited Abbreviated Financial Statements
England and Wales
Registered Number: 02337021
FERDPLOT LIMITED
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
FERDPLOT LIMITED
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
March
2016
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Lambert Clerical Ltd
78 Hambling Drive
Molescroft
East Yorkshire
HU17 9GD
01 July 2016
1 of 4
Notes to the Abbreviated Financial Statements
|
FERDPLOT LIMITED
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
Turnover represents rents receivable.
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and Buildings
Fixtures and Fittings
The company
'
s freehold properties were professionally valued in March
1995
.
This valuation has been reduced by
|
subsequent depreciation
.
Under the transitional provisions of the Financial Reporting Standard for Smaller Entities
|
(
effective January
2015
)
the properties continue to be stated at that valuation less accumulated depreciation to date
|
and that valuation has not been updated
.
|
The company
'
s freehold properties are revalued in full every five years
.
Interim valuations are carried out when it is
|
likely that there has been a material change in value
.
|
No depreciation is provided on the company
'
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Provisions are recognised when the company has a present obligation as a result of a past event which it is more
|
probable than not will result in an outflow of economic benefits that can be reasonably estimated
.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
FERDPLOT LIMITED
For the year ended 31 March 2016
637,623
257
637,880
62,068
928
Charge for year
62,996
574,884
575,555
2016
3
Creditors
:
amounts falling due within one year
|
2015
9,000
12,852
Bank loans and overdrafts (secured)
The bank loans are secured by a charge over certain of the company's properties.
2015
2016
4
Creditors due after more than one year
|
36,000
47,200
Bank loans and overdrafts (secured)
58,164
52,514
94,164
99,714
Amounts falling due between
2
-
5
years £
36
,
000
(
2015
£
47
,
200
)
|
Amounts falling due over
5
years £
58
,
164
(
2015
£
52
,
514
)
|
Allotted called up and fully paid
|
2016
2015
200
Ordinary Share shares of £
1
.
00
each
|
200
200
200
200
4 of 4