Company Registration No. 08131989 (England and Wales)
Future Concrete Cutting Services Ltd
Abbreviated unaudited accounts
for the year ended 30 September 2015
Future Concrete Cutting Services Ltd
Abbreviated Balance Sheet
as at
30 September 2015
Tangible assets
32,266
11,559
Cash at bank and in hand
16,190
12,659
Creditors: amounts falling due within one year
(19,854)
(42,106)
Net current assets
69,482
31,065
Total assets less current liabilities
101,748
42,624
Creditors: amounts falling due after more than one year
(5,418)
(2,441)
Provisions for liabilities
(2,310)
(2,310)
Called up share capital
1
1
Profit and loss account
94,019
37,872
Total shareholders' funds
94,020
37,873
For the year ending 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
Approved by the board on 27 June 2016
K. Klimavicius
Director
Company Registration No. 08131989
Future Concrete Cutting Services Ltd
Notes to the Abbreviated Accounts
for the year ended 30 September 2015
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance basis
Motor vehicles
25% Reducing balance basis
Computer equipment
25% Reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Future Concrete Cutting Services Ltd
Notes to the Abbreviated Accounts
for the year ended 30 September 2015
2
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
At 1 October 2014
3,628
11,286
1,397
16,311
Additions
1,325
29,864
1
31,190
At 30 September 2015
4,953
41,150
1,398
47,501
At 1 October 2014
863
3,598
291
4,752
Charge for the year
818
9,388
277
10,483
At 30 September 2015
1,681
12,986
568
15,235
At 30 September 2015
3,272
28,164
830
32,266
At 30 September 2014
2,765
7,688
1,106
11,559
3
Share capital
2015
2014
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1