the fresh accountancy company limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07700198 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

the fresh accountancy company limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T A Baker

REGISTERED OFFICE:

The Old Quarry

Caton

Ashburton

Devon

TQ13 7LH

REGISTERED NUMBER:

07700198 (England and Wales)

ACCOUNTANTS:

the fresh accountancy company limited

The Old Quarry

Caton

Ashburton

Devon

TQ13 7LH

FIXED ASSETS

Tangible assets

2

7,344

8,449

Investments

3

200

250

7,544

8,699

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

114,458

25,350

Prepayments and accrued income

-

3,050

Cash at bank and in hand

254

11,227

115,712

40,627

CREDITORS

Amounts falling due within one year

141,260

52,911

NET CURRENT LIABILITIES

(25,548

)

(12,284

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,004

)

(3,585

)

CREDITORS

Amounts falling due after more than one year

95,135

27,684

NET LIABILITIES

(113,139

)

(31,269

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(113,239

)

(31,369

)

SHAREHOLDERS' FUNDS

(113,139

)

(31,269

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 October 2014 and were signed by:

T A Baker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about the fresh accountancy company limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option under Section

398 of the Companies Act 2006 not to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related Party

Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Income is recognised at the earlier of work done or work invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

9,233

Additions

1,343

At 30 April 2014

10,576

DEPRECIATION

At 1 May 2013

784

Charge for year

2,448

At 30 April 2014

3,232

NET BOOK VALUE

At 30 April 2014

7,344

At 30 April 2013

8,449

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2013

250

Disposals

(50

)

At 30 April 2014

200

NET BOOK VALUE

At 30 April 2014

200

At 30 April 2013

250

The company's investments at the balance sheet date in the share capital of companies include the following:

fresh tax planning limited

Nature of business: Tax consultancy

%

Class of shares:

holding

Ordinary £1

100.00

fresh financial advice limited

Nature of business: Financial Advisors

%

Class of shares:

holding

Ordinary £1

100.00

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

as restated

£

£

100

Ordinary Shares

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2014 and the period ended

30 April 2013:

30.4.14

30.4.13

as restated

£

£

T A Baker

Balance outstanding at start of year

7,707

(9,476

)

Amounts advanced

48,962

24,043

Amounts repaid

(7,707

)

(6,860

)

Balance outstanding at end of year

48,962

7,707

The directors have provided personal guarantees for the companies overdraft and loans.