Company Registration No. 11512474 (England and Wales)
FR TEES SOLUTIONS LTD
Unaudited accounts
for the year ended 31 March 2020
FR TEES SOLUTIONS LTD
Unaudited accounts
Contents
FR TEES SOLUTIONS LTD
Company Information
for the year ended 31 March 2020
Directors
Rebecca Reaney
Sean Fairbridge
Company Number
11512474 (England and Wales)
Registered Office
Unit 82, Cleveland Centre
Linthorpe Road
Middlesbrough
Cleveland
TS1 2JZ
Accountants
Middlers Accountants
The Old Sweet Shop
Coxhoe
Durham
DH6 4HH
FR TEES SOLUTIONS LTD
Statement of financial position
as at
31 March 2020
Cash at bank and in hand
213,878
-
Creditors: amounts falling due within one year
(109,080)
-
Net current assets
164,306
100
Total assets less current liabilities
165,060
100
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
164,817
-
Shareholders' funds
164,917
100
For the year ending 31 March 2020 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2020 and were signed on its behalf by
Rebecca Reaney
Director
Company Registration No. 11512474
FR TEES SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2020
FR TEES SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 11512474. The registered office is Unit 82, Cleveland Centre, Linthorpe Road, Middlesbrough, Cleveland, TS1 2JZ.
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.
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.
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
4 years
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
FR TEES SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Accrued income and prepayments
54,562
-
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
108,595
-
7
Deferred taxation
2020
2019
Accelerated capital allowances
143
-
Charged to the profit and loss account
143
-
Provision at end of year
143
-
FR TEES SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2020
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' Loan Account
50
19,997
18,550
1,497
Directors' Loan Account
50
22,048
18,950
3,147
Included in other debtors is a loan owed by R Reaney director of the company, of £1,497. The loan is charged interest at HMRC's official rate of interest and repayable on demand.
Included in other debtors is a loan owed by S Fairbridge director of the company, of £3,147. The loan is charged interest at HMRC's official rate of interest and repayable on demand.
9
Average number of employees
During the year the average number of employees was 16 (2019: 0).