FRIO-TECH LIMITED Accounts filed on 31-03-2015

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FRIO-TECH LIMITED

Company Registration Number:
05378011 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st April 2014

End date: 31st March 2015

SUBMITTED

Company Information
for the Period Ended 31st March 2015

Director:		Mr J E Marzana



Company secretary:		Mrs V H Marzana



Registered office:		Kolynwood School Way
		Loudwater

		High Wycombe
		Buckinghamshire
		HP11 1JJ




Company Registration Number:		05378011 (England and Wales)

Abbreviated Balance sheet
As at 31st March 2015

	Notes	2015 £	2014 £
Fixed assets
Intangible assets:	4	0	5,000
Tangible assets:	5	1,088	2,439
Total fixed assets:		1,088	7,439
Current assets
Stocks:		-	991
Debtors:	6	1,340	13,367
Cash at bank and in hand:		22,007	21,355
Total current assets:		23,347	35,713
Creditors
Creditors: amounts falling due within one year	7	21,386	38,324
Net current assets (liabilities):		1,961	( 2,611 )
Total assets less current liabilities:		3,049	4,828
Total net assets (liabilities):		3,049	4,828

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st March 2015
continued

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	8	1	1
Profit and Loss account:		3,048	4,827
Total shareholders funds:		3,049	4,828

For the year ending 31 March 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 24 April 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr J E Marzana
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

1. Accounting policies

Basis of measurement and preparation of accounts

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 policy

Turnover represents net invoiced sales excluding value added tax.

Tangible fixed assets depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Plant and machinery etc - 25% on cost and 20% on cost

Intangible fixed assets amortisation policy

Goodwill on incorporation is being amortised over its revised estimated useful life of 10 years. The value of goodwill has been impaired after agreeing a final valuation with HM Revenue & Customs.

Other accounting policies

Deferred tax - deferred tax is recognised in respect of all timing differences that have originated but nit reversed at the balance sheet date.

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

4. Intangible assets

	Total
Cost	£
At 01st April 2014:	50,000
	50,000

Amortisation	£
At 01st April 2014:	45,000
Provided during the period:	5,000
At 31st March 2015:	50,000

Net book value	£
At 31st March 2015:	0
At 31st March 2014:	5,000

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

5. Tangible assets

	Total
Cost	£
At 01st April 2014:	26,525
Disposals:	11,915
At 31st March 2015:	14,610
Depreciation
At 01st April 2014:	24,086
Charge for year:	1,074
On disposals:	11,638
At 31st March 2015:	13,522
Net book value
At 31st March 2015:	1,088
At 31st March 2014:	2,439

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

6. Debtors

	2015 £	2014 £
Trade debtors:	471	11,506
Other debtors:	822	-
Prepayments and accrued income:	47	1,861
Total:	1,340	13,367

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

7. Creditors: amounts falling due within one year

	2015 £	2014 £
Trade creditors:	1,393	2,446
Taxation and social security:	373	16,591
Other creditors:	19,620	19,287
Total:	21,386	38,324

Included within other creditors is an amount of £17,654 owing to the director, Mr J E Marzana. There is a fixed and floating charge dated 25th August 2005 securing all monies due or to become due to HSBC Bank plc secured over the assets of the company.

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

8. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1	1.00 1.00	1
Total share capital:			1

Current period			2015
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1	1.00 1.00	1
Total share capital:			1

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

10. Related party disclosures

Name of the ultimate controlling party during the period:	Mr J E Marzana
Name of related party:	Mr J E Marzana
Relationship:	Director

During the year, dividends of £700 (2014 : £31,750) were paid to the director, Mr J E Marzana.

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

11 . Transactions with directors


Name of director receiving advance or credit:	Mr J E Marzana
Description of the transaction:	Directors Loan
Balance at 01st April 2014:	0
Balance at 31st March 2015:	0

FRIO-TECH LIMITED Accounts filed on 31-03-2015