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Furore Cars Limited
Registered Number:07508793
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
As at 31 March 2018
Furore Cars Limited
Statement of Financial Position
Registered Number :
07508793
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
1,048
1,451
2
1,048
1,451
Current assets
Inventories
28,053
25,505
3
Trade and other receivables
8,219
-
4
3,295
Cash and cash equivalents
1,642
27,147
39,567
Trade and other payables: amounts falling due within one
year
(41,453)
(32,955)
5
(1,886)
(5,808)
Net current liabilities
Total assets less current liabilities
(4,760)
(435)
(4,760)
Net liabilities
(435)
Capital and reserves
Called up share capital
100
100
Retained earnings
(4,860)
(535)
(4,760)
(435)
Shareholders' funds
For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ms J Bost Director
These financial statements were approved and authorised for issue by the Board on 23 July 2018 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2018
Furore Cars Limited
Notes to the Financial Statements
Statutory Information
Furore Cars Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07508793.
Registered address:
4e Armstrong Road
Manor Trading Estate
Benfleet
Essex
SS7 4PW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
20% Reducing balance
Computer Equipment
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 April 2017
4,275
275
4,000
(275)
-
Disposals
(275)
At 31 March 2018
4,000
-
4,000
Provision for depreciation and impairment
At 01 April 2017
2,824
134
2,690
Charge for year
262
-
262
(134)
(134)
-
On disposal
At 31 March 2018
2,952
-
2,952
At 31 March 2018
Net book value
1,048
-
1,048
At 31 March 2017
1,310
141
1,451
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4
For the year ended 31 March 2018
Furore Cars Limited
Notes to the Financial Statements Continued
3. Inventories
2017
2018
£
£
Stocks
25,505
28,053
4. Trade and other receivables
2017
2018
£
£
Trade debtors
-
1,219
Other debtors
-
7,000
8,219
-
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
392
908
Other creditors
32,563
40,545
32,955
41,453
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