Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Finmore Ltd
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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 Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Finmore Ltd
for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Finmore Ltd for the year ended 31 March 2016 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 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 Finmore Ltd, as a body, in accordance with the terms of our engagement letterdated 18 December 2014. Our work has been undertaken solely to prepare for your approval the accounts of Finmore Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Finmore Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Finmore Ltd 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 Finmore Ltd. You consider that Finmore Ltd 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 Finmore Ltd. 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.
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Moneypad Limited
Chartered certified accountants
Queen Anne House
Bridge Road
Bagshot
Surrey
GU19 5AT
24 November 2016
Finmore Ltd
(Registration number: 07128537)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
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Mr Kenneth Charles Gunbie
Director
2
Finmore Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
After making enquiries and reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director considers the going concern basis to be appropriate and continues to adopt this basis in preparing the annual report and financial statements.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Motor Vehicles |
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Deferred tax
Hire purchase and leasing
Finmore Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 |
73,787 |
73,787 |
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Disposals |
(73,334) |
(73,334) |
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At 31 March 2016 |
453 |
453 |
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Depreciation |
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At 1 April 2015 |
28,216 |
28,216 |
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Charge for the year |
66 |
66 |
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Eliminated on disposals |
(28,024) |
(28,024) |
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At 31 March 2016 |
258 |
258 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Debtors |
Debtors includes £86,280 (2015 - £157,124) receivable after more than one year.
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
Finmore Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
2016
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2015
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Amounts falling due within one year |
52,807 |
135,584 |
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Amounts falling due after more than one year |
101,646 |
154,452 |
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Total secured creditors |
154,453 |
290,036 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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