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Company Registration No. 08522455 (England and Wales)
FMC Developments Ltd Unaudited accounts for the year ended 31 May 2021
FMC Developments Ltd Unaudited accounts Contents
Page
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FMC Developments Ltd Company Information for the year ended 31 May 2021
Director
Mr Scott Cargill
Company Number
08522455 (England and Wales)
Registered Office
3rd Floor, Vyman House 104 College Road Harrow HA1 1BQ
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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FMC Developments Ltd Accountants' report
Accountants' report to the director of FMC Developments Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FMC Developments Ltd for the year ended 31 May 2021 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FMC Developments Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FMC Developments Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FMC Developments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FMC Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of FMC Developments Ltd. You consider that FMC Developments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FMC Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ 6 September 2022
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FMC Developments Ltd Statement of financial position as at 31 May 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,505 
5,320 
Current assets
Cash at bank and in hand
42,916 
43,467 
Creditors: amounts falling due within one year
(48,580)
(46,938)
Net current liabilities
(5,664)
(3,471)
Net assets
841 
1,849 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
741 
1,749 
Shareholders' funds
841 
1,849 
For the year ending 31 May 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 6 September 2022 and were signed on its behalf by
Mr Scott Cargill Director Company Registration No. 08522455
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FMC Developments Ltd Notes to the Accounts for the year ended 31 May 2021
1
Statutory information
FMC Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 08522455. The registered office is 3rd Floor, Vyman House, 104 College Road, Harrow, HA1 1BQ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% as per reducing balance method
Fixtures & fittings
20% as per reducing balance method
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2020
7,326 
1,581 
8,907 
Additions
1,385 
1,426 
2,811 
At 31 May 2021
8,711 
3,007 
11,718 
Depreciation
At 1 June 2020
3,246 
341 
3,587 
Charge for the year
1,093 
533 
1,626 
At 31 May 2021
4,339 
874 
5,213 
Net book value
At 31 May 2021
4,372 
2,133 
6,505 
At 31 May 2020
4,080 
1,240 
5,320 
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FMC Developments Ltd Notes to the Accounts for the year ended 31 May 2021
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
9,390 
7,068 
Trade creditors
333 
2,453 
Taxes and social security
7,431 
14,889 
Loans from directors
18,491 
6,948 
Accruals
1,495 
500 
Deferred income
11,440 
15,080 
48,580 
46,938 
6
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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