Registered Number
:
02337021
|
For the year ended 31 March 2017
England and Wales
Directors Report and Unaudited Financial Statements
For the year ended 31 March 2017
Ferdplot Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Ferdplot Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
574,393
574,884
2
574,393
574,884
Trade and other receivables
|
768
533
3
193
Cash and cash equivalents
|
7
540
961
Trade and other payables
:
amounts falling due within one
|
year
|
(162,434)
(159,644)
4
(161,473)
(159,104)
Net current liabilities
Total assets less current liabilities
|
415,289
413,411
Trade and other payables
:
amounts falling due after more
|
than one year
|
(94,164)
(79,721)
5
335,568
Net assets
319,247
200
200
34,780
34,780
6
300,588
284,267
335,568
319,247
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
These financial statements were approved and authorised for issue by the Board on 22 May 2017 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 March 2017
Ferdplot Limited
Notes to the Financial Statements
Statutory Information
Ferdplot Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
02337021
.
|
422 Beverley Road
Hull
HU5 1LP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
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
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 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
.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
2 of 4
For the year ended 31 March 2017
Ferdplot Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
637,880
64,544
573,336
573,336
64,544
637,880
Provision for depreciation and impairment
|
62,996
62,996
-
Charge for year
491
491
-
63,487
63,487
-
573,336
1,057
574,393
573,336
1,548
574,884
3
.
Trade and other receivables
|
2016
2017
533
768
The debtors above include the following amounts falling due after more than one year
:
|
533
-
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
Bank loans and overdraft
(
secured
)
|
11,054
9,000
434
-
Taxation and social security
|
4,206
4,111
143,950
149,323
159,644
162,434
The bank loans are secured by a charge over certain of the company's properties.
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
Bank loans and overdraft
(
secured
)
|
79,721
94,164
Amounts falling due between 2 - 5 years £44,000 (2016 £36,000)Amounts falling due over 5 years £35,721 (2016 £58,164)
|
3 of 4
For the year ended 31 March 2017
Ferdplot Limited
Notes to the Financial Statements Continued
Revaluation reserve at
01
April
2016
|
34,780
34,780
Revaluation reserve at
31
March
2017
|
4 of 4