FIG Management Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05900447 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

FIG MANAGEMENT SERVICES LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr M J Wilsher

Dr W A Wilsher

SECRETARY:

Dr W A Wilsher

REGISTERED OFFICE:

2 Estate Cottages

Lullington Lane

Lullington

Frome

BA11 2PW

REGISTERED NUMBER:

05900447 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of FIG Management Services Limited for the year ended 31 August 2014 which

comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of FIG Management Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FIG Management Services Limited and state those matters that we have agreed to state to the Board of Directors of FIG Management Services Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that FIG Management Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FIG Management Services Limited. You consider that FIG Management Services Limited 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 financial statements of FIG Management

Services Limited. 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 financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

11 March 2015

FIXED ASSETS

Tangible assets

2

1,629

1,595

Investments

3

25,856

25,856

27,485

27,451

CURRENT ASSETS

Debtors

34,284

97,737

Cash at bank and in hand

4,666

170

38,950

97,907

CREDITORS

Amounts falling due within one year

32,131

39,358

NET CURRENT ASSETS

6,819

58,549

TOTAL ASSETS LESS CURRENT LIABILITIES

34,304

86,000

CREDITORS

Amounts falling due after more than one year

(6,956

)

(6,956

)

PROVISIONS FOR LIABILITIES

(166

)

(65

)

NET ASSETS

27,182

78,979

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

27,082

78,879

SHAREHOLDERS' FUNDS

27,182

78,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 4 March 2015 and were signed on its behalf by:

Dr W A Wilsher - 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).

Turnover

Turnover represents net invoices sales of services, excluding value added tax.

Revenue is recognised when services are rendered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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.

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

4,431

Additions

1,300

Disposals

(620

)

At 31 August 2014

5,111

DEPRECIATION

At 1 September 2013

2,836

Charge for year

1,066

Eliminated on disposal

(420

)

At 31 August 2014

3,482

NET BOOK VALUE

At 31 August 2014

1,629

At 31 August 2013

1,595

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2013

and 31 August 2014

25,856

NET BOOK VALUE

At 31 August 2014

25,856

At 31 August 2013

25,856

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

80

Ordinary Shares

£1

80

80

20

B Ordinary

£1

20

20

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2014 and

31 August 2013:

2014

2013

£

£

Mr M J Wilsher

Balance outstanding at start of year

38,588

59,368

Amounts advanced

53,767

66,122

Amounts repaid

(83,621

)

(86,902

)

Balance outstanding at end of year

8,734

38,588

Dr W A Wilsher

Balance outstanding at start of year

38,585

59,368

Amounts advanced

48,102

66,122

Amounts repaid

(77,422

)

(86,905

)

Balance outstanding at end of year

9,265

38,585