Company Registration No. 09270786 (England and Wales)
FMCG Projects Limited
Unaudited accounts
for the year ended 31 December 2018
FMCG Projects Limited
Unaudited accounts
Contents
FMCG Projects Limited
Company Information
for the year ended 31 December 2018
Director
Dr Naseem Chughtai
Secretary
Samina Chughtai
Company Number
09270786 (England and Wales)
Registered Office
5 Broadway Avenue
Cheadle
Cheshire
SK8 1NN
England
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
FMCG Projects Limited
Statement of financial position
as at
31 December 2018
Intangible assets
750
750
Tangible assets
2,665
2,887
Cash at bank and in hand
326,217
272,388
Creditors: amounts falling due within one year
(45,349)
(91,312)
Net current assets
289,947
204,009
Total assets less current liabilities
293,362
207,646
Provisions for liabilities
Net assets
292,856
207,646
Called up share capital
100
100
Profit and loss account
292,756
207,546
Shareholders' funds
292,856
207,646
For the year ending 31 December 2018 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 June 2019.
Dr Naseem Chughtai
Director
Company Registration No. 09270786
FMCG Projects Limited
Notes to the Accounts
for the year ended 31 December 2018
FMCG Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 09270786. The registered office and principal place of business is 5 Broadway Avenue, Cheadle, Cheshire, SK8 1NN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 assets and liabilities are not discounted.
FMCG Projects Limited
Notes to the Accounts
for the year ended 31 December 2018
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 31 December 2018
6,284
Charge for the year
2,095
At 31 December 2018
3,619
At 31 December 2018
2,665
At 31 December 2017
2,887
Accrued income and prepayments
1,323
-
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
43,510
30,383
Proposed dividends
-
50,000
Loans from directors
826
4,650
FMCG Projects Limited
Notes to the Accounts
for the year ended 31 December 2018
8
Deferred taxation
2018
2017
Accelerated capital allowances
506
-
Charged to the profit and loss account
506
-
Provision at end of year
506
-
9
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 4 (2017: 6).