Registered number: 04488124 | ||||||||
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FOR THE YEAR ENDED 31/08/2019 | ||||||||
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Prepared By: | ||||||||
Brieley Grimsdelll Falconer Ltd | ||||||||
Chartered Tax Advisers & Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
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FSW Design Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/08/2019 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Mr P A Forrest Smith | ||||||||
REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04488124 | ||||||||
BANKERS | ||||||||
NatWest Bank Plc, Smiths Bank Branch, 16 South Parade, Nottingham, NG1 2JX | ||||||||
ACCOUNTANTS | ||||||||
Brieley Grimsdelll Falconer Ltd | ||||||||
Chartered Tax Advisers & Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
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FSW Design Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/08/2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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FSW Design Limited | ||||||||
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BALANCE SHEET AT
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2019 | 2018 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Debtors | 4 |
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Cash at bank and in hand |
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296,089 | 225,009 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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198,647 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 6 | - | 14,059 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 |
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Profit and loss account | 290,632 | 220,006 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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FSW Design Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/08/2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Land And Buildings | reducing balance 20% | |||||||
Equipment | reducing balance 20% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Goodwill | ||||||||
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2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/09/2018 | 58,000 | 58,000 | ||
At 31/08/2019 | 58,000 | 58,000 | ||
Depreciation | ||||
At 01/09/2018 | 58,000 | 58,000 | ||
At 31/08/2019 | 58,000 | 58,000 | ||
Net Book Amounts | ||||
At 31/08/2019 |
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FSW Design Limited | ||||||||
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3. TANGIBLE FIXED ASSETS | ||||||
Land And | ||||||
Buildings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/09/2018 | 25,697 | 157,940 | 183,637 | |||
Additions | - | 10,712 | 10,712 | |||
At 31/08/2019 | 25,697 | 168,652 | 194,349 | |||
Depreciation | ||||||
At 01/09/2018 | 23,423 | 117,805 | 141,228 | |||
For the year | 455 | 10,169 | 10,624 | |||
At 31/08/2019 | 23,878 | 127,974 | 151,852 | |||
Net Book Amounts | ||||||
At 31/08/2019 |
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42,497 | |||
At 31/08/2018 |
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42,409 | |||
4. DEBTORS | 2019 | 2018 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 76,917 | 82,729 | ||||||
UK corporation tax | 2,106 | 11,368 | ||||||
Prepayments | - | 963 | ||||||
79,023 | 95,060 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
VAT | 26,609 | 20,594 | ||||||
Directors current account | 4,467 | 4,468 | ||||||
Bank Loan | 8,179 | - | ||||||
Accruals | 1,500 | 1,300 | ||||||
40,755 | 26,362 | |||||||
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FSW Design Limited | ||||||||
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6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | - | 14,059 | ||||||
- | 14,059 | |||||||
7. EMPLOYEES | ||||||
2019 | 2018 | |||||
No. | No. | |||||
Average number of employees | 7 | 7 | ||||
8. PROVISIONS FOR LIABILITIES | 2019 | 2018 | ||||||
£ | £ | |||||||
Deferred taxation | 7,197 | 6,989 | ||||||
7,197 | 6,989 | |||||||
9. SHARE CAPITAL | 2019 | 2018 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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2 | 2 | ||||||
2 | 2 | |||||||
10. CONTROLLING PARTY | ||||||||
The company is controlled by the director, P A Forrest Smith, who owns all of the issued share capital of the company. | ||||||||