Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Futureform Modular Limited
Contents
|
|||
|
|||
|
The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Futureform Modular Limited
for the Year Ended 31 December 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Futureform Modular Limited for the year ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Futureform Modular Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Futureform Modular Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Futureform Modular Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Futureform Modular Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Futureform Modular Limited. You consider that Futureform Modular 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 accounts of Futureform Modular 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.
......................................
Carter Nicholls Limited
Victoria House
Stanbridge Park
Staplefield Lane
Staplefield
West Sussex
RH17 6AS
20 August 2015
Futureform Modular Limited
(Registration number: 04737496)
Abbreviated Balance Sheet at 31 December 2014
Note |
31 December 2014
|
31 December 2013
|
|||||||
Fixed assets |
|||||||||
Intangible fixed assets |
|
|
|||||||
Tangible fixed assets |
|
|
|||||||
|
|
||||||||
Current assets |
|||||||||
Stocks |
|
|
|||||||
Debtors |
|
|
|||||||
Cash at bank and in hand |
|
|
|||||||
|
|
||||||||
Creditors: Amounts falling due within one year |
( |
( |
|||||||
Net current assets |
|
|
|||||||
Net assets |
|
|
|||||||
Capital and reserves |
|||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
|
|
|||||||
Shareholders' funds |
|
|
Approved by the Board on
2
Futureform Modular Limited
(Registration number: 04737496)
Abbreviated Balance Sheet at 31 December 2014
......... continued
.........................................
Mr Steven John Barrett
Director
.........................................
Mr Christopher James Gibbard
Director
.........................................
Mr Anthony Fox
Director
3
Futureform Modular Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Asset class |
Amortisation method and rate |
Goodwill |
|
Depreciation
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Asset class |
Depreciation method and rate |
Equipment |
|
Stock
Financial instruments
Pensions
Futureform Modular Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
Fixed assets |
Intangible assets
|
Tangible assets
|
Total
|
|||||||
Cost |
|||||||||
At 1 January 2014 |
79,895 |
17,464 |
97,359 |
||||||
At 31 December 2014 |
79,895 |
17,464 |
97,359 |
||||||
Depreciation |
|||||||||
At 1 January 2014 |
31,983 |
11,152 |
43,135 |
||||||
Charge for the year |
7,990 |
2,083 |
10,073 |
||||||
At 31 December 2014 |
39,973 |
13,235 |
53,208 |
||||||
Net book value |
|||||||||
At 31 December 2014 |
|
|
|
||||||
At 31 December 2013 |
|
|
|
Share capital |
Allotted, called up and fully paid shares
31 December 2014 |
31 December 2013 |
|||||||||||
No. |
£ |
No. |
£ |
|||||||||
|
|
|
|
|
||||||||
Control |
The company is controlled by