DAVID FITZGERALD BUILDING SERVICES LIMITED
Company Registration No. 04262687 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
WARNEFORD GIBBS
CHARTERED CERTIFIED ACCOUNTANTS
RUISLIP, MIDDLESEX HA4 74E
DAVID FITZGERALD BUILDING SERVICES LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
DAVID FITZGERALD BUILDING SERVICES LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY ACCOUNTS OF DAVID FITZGERALD BUILDING SERVICES LIMITED
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006,
we
have prepared for your approval the financial statements of David Fitzgerald Building Services Limited for the year ended 30 September 2015 set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of David Fitzgerald Building Services Limited, as a body, in accordance with the terms of our engagement letter dated. Our work has been undertaken solely to prepare for your approval the financial statements of David Fitzgerald Building Services Limited and state those matters that we have agreed to state to the Board of Directors of David Fitzgerald Building Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Fitzgerald Building Services Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that David Fitzgerald Building Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of David Fitzgerald Building Services Limited. You consider that David Fitzgerald Building Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of David Fitzgerald Building Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Warneford Gibbs
College House
Chartered Certified Accountants
17 King Edwards Road
Ruislip
Middlesex
United Kingdom
HA4 7AE
20 April 2016
DAVID FITZGERALD BUILDING SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
17,901
2,572
Current assets
Stocks
815
800
Debtors
49,332
24,225
Cash at bank and in hand
135,707
85,000
185,854
110,025
Creditors: amounts falling due within one year
3
(94,453)
(53,579)
Net current assets
91,401
56,446
Total assets less current liabilities
109,302
59,018
Creditors: amounts falling due after more than one year
4
(8,800)
-
Provisions for liabilities
(3,580)
(514)
96,922
58,504
Capital and reserves
Called up share capital
5
2,957
2,957
Profit and loss account
93,965
55,547
Shareholders' funds
96,922
58,504
DAVID FITZGERALD BUILDING SERVICES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2015
30 September 2015
- 3 -
For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 6 April 2016
D Fitzgerald
Director
Company Registration No. 04262687
DAVID FITZGERALD BUILDING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 4 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Office equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Revenue recognition
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.
1.7
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
DAVID FITZGERALD BUILDING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 5 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2014
12,138
Additions
16,783
At 30 September 2015
28,921
Depreciation
At 1 October 2014
9,566
Charge for the year
1,454
At 30 September 2015
11,020
Net book value
At 30 September 2015
17,901
At 30 September 2014
2,572
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £4,800 (2014 - £0).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £8,800 (2014 - £0).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2,257 'A' Ordinary shares of £1 each
2,257
2,957
600 'B' Ordinary shares of £1 each
600
-
100 C' Ordinary shares of £1 each
100
-
2,957
2,957
On 30 September 2015, 700 "A" Ordinary shares were reclassified as 600 "B" Ordinary shares and 100 "C" Ordinary shares.
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