First Option Solutions Ltd


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Registered number: 08538537
First Option Solutions Ltd
Abbreviated accounts
For The Year Ended 31 July 2014
Abbreviated Balance Sheet
2014
Notes £ £
CURRENT ASSETS
Debtors 191,517
Cash at bank and in hand 5,323
196,840
Creditors: Amounts Falling Due Within One Year (195,976)
NET CURRENT ASSETS (LIABILITIES) 864
TOTAL ASSETS LESS CURRENT LIABILITIES 864
NET ASSETS 864
CAPITAL AND RESERVES
Called up share capital 2 641
Profit and Loss account 223
SHAREHOLDERS' FUNDS 864
For the year ending 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Timothy Considine
8th May 2015
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Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Statement of Cash Flow
The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Share Capital
Value Number 2014
Allotted, called up and fully paid: £ £
Ordinary shares 1.000 1 1
Ordinary A shares 0.010 64000 640
64001 641
Nominal value Number Amount
Shares issued during the period: £ £
Ordinary A shares 0.010 64000 640
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