Friends Enterprises World Limited
|
Registered number: |
SC538589
|
Balance Sheet |
as at 30 June 2017
|
|
Notes |
|
|
|
|
£ |
|
Fixed assets |
Intangible assets |
2 |
|
|
15,000 |
Tangible assets |
3 |
|
|
13,500 |
|
|
|
|
28,500 |
|
|
Current assets |
Stocks |
|
|
22,204 |
Debtors |
4 |
|
3,750 |
Cash at bank and in hand |
|
|
2,917 |
|
|
|
28,871 |
|
|
|
Creditors: amounts falling due within one year |
5 |
|
(8,090) |
|
Net current assets |
|
|
|
20,781 |
|
|
Total assets less current liabilities |
|
|
|
49,281 |
|
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(37,344) |
|
|
|
Net assets |
|
|
|
11,937 |
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
Profit and loss account |
|
|
|
11,837 |
|
Shareholders' funds |
|
|
|
11,937 |
|
|
|
|
|
|
|
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
Mr Aleem Ur Rashid Farooqi |
Director |
Approved by the board on 20 March 2018
|
|
Friends Enterprises World Limited
|
Notes to the Accounts |
for the period ended 30 June 2017
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods . Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
|
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Fixtures, fittings, tools and equipment |
10% reducing bases |
|
|
|
2 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
Additions |
15,000 |
|
At 30 June 2017 |
15,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 30 June 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2017 |
15,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fixture and fittings |
£ |
|
Cost |
|
Additions |
15,000 |
|
At 30 June 2017 |
15,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
1,500 |
|
At 30 June 2017 |
1,500 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2017 |
13,500 |
|
|
4 |
Debtors |
£ |
|
|
|
Trade debtors |
3,750 |
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
£ |
|
|
|
Trade creditors |
1,931 |
|
Taxation and social security costs |
5,408 |
|
Other creditors |
751 |
|
|
|
|
|
|
8,090 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
£ |
|
|
|
Director's loan account |
37,344 |
|
|
|
|
|
|
|
|