Company Registration No. 04508478 (England and Wales)
FDS Harrogate Limited
Unaudited accounts
for the year ended 31 August 2021
FDS Harrogate Limited
Unaudited accounts
Contents
FDS Harrogate Limited
Company Information
for the year ended 31 August 2021
Director
Stuart John Owen
Secretary
Sarah Leanne Hughes
Company Number
04508478 (England and Wales)
Registered Office
119 Evans Road
East Leake
Loughborough
LE12 6AS
FDS Harrogate Limited
Statement of financial position
as at
31 August 2021
Intangible assets
284
516
Cash at bank and in hand
14,502
14,262
Creditors: amounts falling due within one year
(6,996)
(8,913)
Net current assets
9,253
15,986
Total assets less current liabilities
10,128
17,087
Provisions for liabilities
Called up share capital
3
3
Profit and loss account
10,013
16,973
Shareholders' funds
10,016
16,976
For the year ending 31 August 2021 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.
The financial statements were approved by the Board and authorised for issue on 10 November 2021 and were signed on its behalf by
Stuart John Owen
Director
Company Registration No. 04508478
FDS Harrogate Limited
Notes to the Accounts
for the year ended 31 August 2021
FDS Harrogate Limited is a private company, limited by shares, registered in England and Wales, registration number 04508478. The registered office is 119 Evans Road, East Leake, Loughborough, LE12 6AS.
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 and are rounded to the nearest £1.
The director has reviewed the financial results for the year and is of the opinion that the company has sufficient resources to continue to trade for at least the next twelve months. As a result, the going concern basis of accounting has been adopted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants received or receivable, in relation to expenditure, are credited when the expenditure is charged to profit and loss account.
Goodwill, being the amount paid in connection with the acquisition of the business in 2003, is being amortised evenly over its estimated useful economic life of twenty years.
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:
Plant & machinery
20% on reducing balance
Computer equipment
20% on reducing balance
FDS Harrogate Limited
Notes to the Accounts
for the year ended 31 August 2021
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the statement of income when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Intangible fixed assets
Goodwill
At 1 September 2020
4,635
At 1 September 2020
4,119
FDS Harrogate Limited
Notes to the Accounts
for the year ended 31 August 2021
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2020
-
1,130
1,130
At 31 August 2021
145
1,130
1,275
At 1 September 2020
-
545
545
Charge for the year
22
117
139
At 31 August 2021
22
662
684
At 31 August 2021
123
468
591
At 31 August 2020
-
585
585
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
5,444
5,033
Loans from directors
453
3,005
8
Transactions with related parties
At the balance sheet date there was an amount due to the company of £9,940 (2020: £9,940) from a related company controlled by the director. This balance has been fully impaired during the year as recoverability is doubtful.
At the balance sheet date there was an outstanding loan due to the director of £453 (2020: £3,005).
The above amounts due are unsecured, interest free and repayable on demand.
9
Post balance sheet events
Non Adjusting Events: After the reporting date a dividend has been voted for £10,000 in respect of the Ordinary £1 share.
10
Average number of employees
During the year the average number of employees was 5 (2020: 3).