FGT Ltd
|
Registered number: |
07198752
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
395,000 |
|
|
395,000 |
|
Current assets |
Debtors |
|
|
204 |
|
|
204 |
|
Creditors: amounts falling due within one year |
|
|
(345,532) |
|
|
(355,816) |
|
Net current liabilities |
|
|
|
(345,328) |
|
|
(355,612) |
|
Net assets |
|
|
|
49,672 |
|
|
39,388 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
3 |
|
|
3 |
Profit and loss account |
|
|
|
49,669 |
|
|
39,385 |
|
Shareholders' funds |
|
|
|
49,672 |
|
|
39,388 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Dr Giulia Bolasco |
Director |
Approved by the board on 22.12.2016
|
|
FGT Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the gross value of rent due in the year.
|
|
|
Depreciation |
|
The Company does not adhere to the accounting policy of depreciating land and building on the grounds that the open market value of these assesst is greater than the book value as shown in the financial statements and any depreciation on these would be immaterial. The directors are satisfied that these assessts are not impaired. |
|
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
395,000 |
|
At 31 March 2016 |
395,000 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
395,000 |
|
At 31 March 2015 |
395,000 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
3 |
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
4 |
Transactions with directors |
|
|
At the balance sheet date, FGT Ltd were indebted in the amount of £341,116 (2015 £351,282) |
|
to the director of the company. |