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Registered Number : 09899351
England and Wales

 

 

 

FM FINANCIALS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2017

End date: 31 December 2017
Director Faisal Maqsood
Registered Number 09899351
Registered Office Flat 9 - 109 Avondale
Truro Road
Wood Green
London
N22 8DP
1
The director presents his report and accounts for the year ended 31 December 2017.
Principal activities
Principal activity of the company during the financial year was of providing bookkeeping and management accountancy services.
Directors
The director who served the company throughout the year was as follows:
Faisal Maqsood (from 02/12/2015)

Statement of director's responsibilities
The director is responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors at the date of approval of this report each confirm that:
- so far as the directors are aware, there is no relevant information of which the company’s auditor is unaware; and
- the directors have taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the company’s auditor is aware of that information.

Signed on behalf of the board


----------------------------------
Faisal Maqsood
Director

Date approved: 13 November 2018
2
 
 
Notes
 
2017
£
  2016
£
Current assets      
Cash at bank and in hand 1,953    1 
Creditors: amount falling due within one year 2 (1,278)  
Net current assets 675    1 
 
Total assets less current liabilities 675    1 
Net assets 675    1 
 

Capital and reserves
     
Called up share capital 3 1    1 
Profit and loss account 674   
Shareholders funds 675    1 
 


For the year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors


--------------------------------
Faisal Maqsood
Director

Date approved by the board: 13 November 2018
3
  Equity share capital   Profit and loss account   Total
£ £ £
Total comprehensive income for the year
Shares issued 1 
Total investments by and distributions to owners 1 
At 31 December 2016 1 
At 01 January 2017 1 
Profit for the year 674  674 
Total comprehensive income for the year 674  674 
Total investments by and distributions to owners
At 31 December 2017 1  674  675 
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General Information
FM Financials Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 09899351,registration address Flat 9 - 109 Avondale,Truro Road,Wood Green,London,N22 8DP.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Creditors: amount falling due within one year

2017
£
  2016
£
Corporation Tax 161   
Other Creditors 1,117   
1,278   

3.

Share Capital

Authorised
1 Class A shares of £1.00 each
Allotted
2017
£
  2016
£
1 Class A shares of £1.00 each  
 

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