Registered number:
UNAUDITED
FOR THE YEAR ENDED 31 MARCH 2017
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FREIDMAN PROJECT SERVICES LIMITED
COMPANY INFORMATION
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FREIDMAN PROJECT SERVICES LIMITED
CONTENTS
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FREIDMAN PROJECT SERVICES LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2017
The director presents his report and the financial statements for the year ended 31 March 2017.
The director is responsible for preparing the Director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year
. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the director is required to:
∙
select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙
make judgments and accounting estimates that are reasonable and prudent;
∙
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On 23rd November 2017, the Company passed a special resolution to change the name of the Company from Freidman Airport Services Limited.
The director who served during the year was:
This report was approved by the board on
Page 1
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FREIDMAN PROJECT SERVICES LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FREIDMAN PROJECT SERVICES LIMITED
FOR THE YEAR ENDED 31 MARCH 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Freidman Project Services Limited for the year ended 31 March 2017 which comprise the Profit and loss account, the Statement of comprehensive income, the Statement of financial position and the related notes from the Company 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 director of Freidman Project Services Limited in accordance with the terms of our engagement letter dated
20th December 2017. Our work has been undertaken solely
to prepare for your approval the financial statements of Freidman Project Services Limited and state those matters that we have agreed to state to the director of Freidman Project Services Limited 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 Freidman Project Services Limited and its director for our work or for this report.
It is your duty to ensure that Freidman Project Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Freidman Project Services Limited. You consider that Freidman Project Services Limited is exempt from the statutory audit requirement for the year.
Chartered Certified Accountants
Invision House
Wilbury Way
Hertfordshire
SG4 0TY
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FREIDMAN PROJECT SERVICES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2017
Page 3
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FREIDMAN PROJECT SERVICES LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2017
Page 4
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FREIDMAN PROJECT SERVICES LIMITED
REGISTERED NUMBER:
08430698
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2017
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 6 to 7 form part of these financial statements.
Page 5
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FREIDMAN PROJECT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
1.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Freidman Project Services is a private company, limited by shares and registered in England.
Its registered number is: 08430698 Its Registered office is: Invision House Wilbury Way Hitchin Hertfordshire SG4 0TY
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FREIDMAN PROJECT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
Page 7
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