Registered number: 04488124 | ||||||||
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FOR THE YEAR ENDED 31 AUGUST 2020 | ||||||||
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Prepared By: | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottingham | ||||||||
NG16 2LW |
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FSW Design Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2020 | ||||||||
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 Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottingham | ||||||||
NG16 2LW |
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FSW Design Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2020 | ||||||||
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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2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 |
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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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356,857 | 296,089 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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255,334 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES AND CHARGES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 |
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Profit and loss account | 352,455 | 290,632 | ||||||||
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 AUGUST 2020 | ||||||||||
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. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1e. Goodwill | ||||||||
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FSW Design Limited | ||||||||
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2. INTANGIBLE FIXED ASSETS | ||||||
Purchased | ||||||
Patents | Goodwill | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 September 2019 | - | 58,000 | 58,000 | |||
Additions | 1,164 | - | 1,164 | |||
At 31 August 2020 | 1,164 | 58,000 | 59,164 | |||
Depreciation | ||||||
At 1 September 2019 | - | 58,000 | 58,000 | |||
For the year | 58 | - | 58 | |||
At 31 August 2020 | 58 | 58,000 | 58,058 | |||
Net Book Amounts | ||||||
At 31 August 2020 |
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3. TANGIBLE FIXED ASSETS | ||||||
Land And | ||||||
Buildings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 September 2019 | 25,697 | 168,652 | 194,349 | |||
Additions | - | 386 | 386 | |||
At 31 August 2020 | 25,697 | 169,038 | 194,735 | |||
Depreciation | ||||||
At 1 September 2019 | 23,878 | 127,974 | 151,852 | |||
For the year | 364 | 8,213 | 8,577 | |||
At 31 August 2020 | 24,242 | 136,187 | 160,429 | |||
Net Book Amounts | ||||||
At 31 August 2020 |
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34,306 | |||
At 31 August 2019 |
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42,497 | |||
4. DEBTORS | 2020 | 2019 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 60,599 | 76,917 | ||||||
UK corporation tax | 216 | 2,106 | ||||||
60,815 | 79,023 | |||||||
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FSW Design Limited | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
VAT | 22,442 | 26,609 | ||||||
Directors current account | 4,459 | 4,467 | ||||||
Bank Loan | 2,080 | 8,179 | ||||||
Pension schemes | 615 | - | ||||||
Accruals | 3,690 | 1,500 | ||||||
33,286 | 40,755 | |||||||
6. EMPLOYEES | ||||||
2020 | 2019 | |||||
No. | No. | |||||
Average number of employees |
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7 | ||||
7. PROVISIONS FOR LIABILITIES | 2020 | 2019 | ||||||
£ | £ | |||||||
Deferred taxation | 6,518 | 7,197 | ||||||
6,518 | 7,197 | |||||||
8. SHARE CAPITAL | 2020 | 2019 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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10 | 2 | ||||||
10 | 2 | |||||||
New shares issued during period: | ||||||||
8
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8 | |||||||
8 | - | |||||||
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FSW Design Limited | ||||||||
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9. CONTROLLING PARTY | ||||||||
The company is controlled by the director, P A Forrest Smith, who controls all of the issued share capital of the company. | ||||||||