Forde & McHugh Limited
|
Registered number: |
01113078
|
Abbreviated Balance Sheet |
as at 30 November 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
156,696 |
|
|
136,744 |
Investments |
3 |
|
|
250,000 |
|
|
250,000 |
|
|
|
|
406,696 |
|
|
386,744 |
|
Current assets |
Stocks |
|
|
165,000 |
|
|
210,000 |
Debtors |
|
|
285,837 |
|
|
310,357 |
Cash at bank and in hand |
|
|
819,093 |
|
|
699,351 |
|
|
|
1,269,930 |
|
|
1,219,708 |
|
Creditors: amounts falling due within one year |
|
|
(115,483) |
|
|
(201,293) |
|
Net current assets |
|
|
|
1,154,447 |
|
|
1,018,415 |
|
Net assets |
|
|
|
1,561,143 |
|
|
1,405,159 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
Profit and loss account |
|
|
|
1,560,143 |
|
|
1,404,159 |
|
Shareholders' funds |
|
|
|
1,561,143 |
|
|
1,405,159 |
|
|
|
|
|
|
|
|
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.
|
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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
W A McHugh |
Director |
Approved by the board on 20 July 2017
|
|
Forde & McHugh Limited
|
Notes to the Abbreviated Accounts |
for the year ended 30 November 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% on reducing balance
|
|
Motor vehicles |
20% on reducing balance
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2015 |
487,105 |
|
Additions |
59,125 |
|
At 30 November 2016 |
546,230 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2015 |
350,361 |
|
Charge for the year |
39,173 |
|
At 30 November 2016 |
389,534 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
156,696 |
|
At 30 November 2015 |
136,744 |
|
|
|
|
|
|
|
3 |
Investments |
£ |
|
|
Cost |
|
At 1 December 2015 |
250,000 |
|
|
At 30 November 2016 |
250,000 |
|
|
|
|
|
|
|
|
The investment is in a mixed fund purchased in April 2015. |
|
The valuation at 5 October 2016 was £261,182 (30 November 2015: £249,772). |
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
W A McHugh
|
|
Director's current account
|
(61) |
|
40,923 |
|
(40,900) |
|
(38) |
|
|
A McHugh
|
|
Director's current account
|
(26) |
|
9,146 |
|
(9,150) |
|
(30) |
|
|
|
(87) |
|
50,069 |
|
(50,050) |
|
(68) |
|
|
|
|
|
|
|
|
|