COMPANY REGISTRATION NUMBER 08387959
FAIRVIEW BUILDING SOLUTIONS LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED
29 FEBRUARY 2016
R E Jones and Co
FAIRVIEW BUILDING SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
29 February 2016
CURRENT ASSETS
Stocks
|
948,836
|
|
343,321
|
|
Debtors
|
327
|
|
213,094
|
|
Cash at bank and in hand
|
525,387
|
|
1,688
|
|
|
-------------
|
|
----------
|
|
|
1,474,550
|
|
558,103
|
|
CREDITORS: Amounts falling due within one year
|
575,606
|
|
2,493
|
|
|
-------------
|
|
----------
|
|
NET CURRENT ASSETS
|
|
898,944
|
|
555,610
|
|
|
----------
|
|
----------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
898,944
|
|
555,610
|
|
|
|
|
|
CREDITORS: Amounts falling due after more than one year
|
|
596,632
|
|
556,632
|
|
|
----------
|
|
----------
|
|
|
302,312
|
|
(
1,022)
|
|
|
----------
|
|
----------
|
|
|
|
|
|
CAPITAL AND RESERVES
Called up equity share capital
|
2
|
|
1
|
|
1
|
Profit and loss account
|
|
302,311
|
|
(
1,023)
|
|
|
----------
|
|
-------
|
SHAREHOLDERS' FUNDS/(DEFICIT)
|
|
302,312
|
|
(
1,022)
|
|
|
----------
|
|
-------
|
|
|
|
|
|
|
For the year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on
29 November 2016
, and are signed on their behalf by:
Mr S Basi
Mr G Ghosal
Company Registration Number: 08387959
R E Jones and Co
FAIRVIEW BUILDING SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 29 FEBRUARY 2016
1.
ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
2.
SHARE CAPITAL
Allotted, called up and fully paid:
|
2016
|
2015
|
|
No.
|
£
|
No.
|
£
|
|
Ordinary shares of £ 0.01 each
|
99
|
1
|
99
|
1
|
|
|
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