FIRSTBREAK_LTD - Accounts

FIRSTBREAK LTD - Company Information

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Company Registration No. 07574548 (England and Wales)

FIRSTBREAK LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FIRSTBREAK LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

FIRSTBREAK LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

142,972

144,972

Current assets

Debtors

Cash at bank and in hand

44,397

18,002

44,426

18,015

Creditors: amounts falling due within one year

(15,655)

(15,640)

Net current assets

28,771

2,375

Total assets less current liabilities

171,743

147,347

Creditors: amounts falling due after more than one year

(95,248)

76,495

52,099

Capital and reserves

Called up share capital

Profit and loss account

76,493

52,097

Shareholders' funds

76,495

52,099

FIRSTBREAK LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 May 2015

Mr Patrick Seyler

Director

Company Registration No. 07574548

FIRSTBREAK LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

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

Land and buildings Freehold

4% per annum straight line method

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

150,972

Depreciation

At 1 April 2014

6,000

Charge for the year

2,000

At 31 March 2015

8,000

Net book value

At 31 March 2015

142,972

At 31 March 2014

144,972

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

95,248

FIRSTBREAK LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each