Abbreviated Company Accounts - FLYING-FX LIMITED

Abbreviated Company Accounts - FLYING-FX LIMITED

FLYING-FX LIMITED - Company Information

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Registered Number 05169577

FLYING-FX LIMITED

Abbreviated Accounts

30 September 2014

FLYING-FX LIMITED Registered Number 05169577

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 4,113 1,187
4,113 1,187
Current assets
Debtors 67,572 99,162
Cash at bank and in hand 349,673 23,244
417,245 122,406
Creditors: amounts falling due within one year (267,054) (53,202)
Net current assets (liabilities) 150,191 69,204
Total assets less current liabilities 154,304 70,391
Total net assets (liabilities) 154,304 70,391
Capital and reserves
Called up share capital 100 100
Other reserves 154,204 70,291
Shareholders' funds 154,304 70,391
  • For the year ending 30 September 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 30 April 2015

And signed on their behalf by:
C Jewsbury, Director

FLYING-FX LIMITED Registered Number 05169577

Notes to the Abbreviated Accounts for the period ended 30 September 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 the amounts (excluding value added tax) derived from the company's principal activity during the year

Tangible assets depreciation policy
All fixed assets are initially recorded at cost. Depreciation is calculated so as to write the cost of an asset less its estimated residual value over the useful economic life of that asset. The rates applied are:
- Plant and Equipment 20-25% straight line

2Tangible fixed assets
£
Cost
At 1 October 2013 30,731
Additions 4,473
Disposals -
Revaluations -
Transfers -
At 30 September 2014 35,204
Depreciation
At 1 October 2013 29,544
Charge for the year 1,547
On disposals -
At 30 September 2014 31,091
Net book values
At 30 September 2014 4,113
At 30 September 2013 1,187