Abbreviated Company Accounts - FIRST CLASS HOLDINGS LIMITED

Abbreviated Company Accounts - FIRST CLASS HOLDINGS LIMITED

FIRST CLASS HOLDINGS LIMITED - Company Information

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Registered Number 03604187

FIRST CLASS HOLDINGS LIMITED

Abbreviated Accounts

30 June 2014

FIRST CLASS HOLDINGS LIMITED Registered Number 03604187

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 17,253 19,170
Investments 3 752 150,752
18,005 169,922
Current assets
Debtors 485,034 314,960
Cash at bank and in hand 93,716 175,367
578,750 490,327
Net current assets (liabilities) 578,750 490,327
Total assets less current liabilities 596,755 660,249
Creditors: amounts falling due after more than one year (593,520) (471,528)
Total net assets (liabilities) 3,235 188,721
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,235 187,721
Shareholders' funds 3,235 188,721
  • For the year ending 30 June 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 March 2015

And signed on their behalf by:
KA BLACKMAN, Director

FIRST CLASS HOLDINGS LIMITED Registered Number 03604187

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangle fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs less estimated residual value of each asset over its expected useful life, as follows:-

Plant and machinery - 10% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 July 2013 30,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 30,000
Depreciation
At 1 July 2013 10,830
Charge for the year 1,917
On disposals -
At 30 June 2014 12,747
Net book values
At 30 June 2014 17,253
At 30 June 2013 19,170

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.