FINE_SCIENCE_LIMITED - Accounts

FINE SCIENCE LTD - Company Information

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Company Registration No. 07183714 (England and Wales)

FINE SCIENCE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FINE SCIENCE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

FINE SCIENCE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,347

2,165

Current assets

Debtors

16,843

8,483

Cash at bank and in hand

13,168

6,976

30,011

15,459

Creditors: amounts falling due within one year

(33,916)

(14,469)

Net current (liabilities)/assets

(3,905)

990

Total assets less current liabilities

(558)

3,155

Capital and reserves

Called up share capital

200

Profit and loss account

(758)

2,955

Shareholders' funds

(558)

3,155

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.

Directors' responsibilities:

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

The directors acknowledge their 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 3 July 2015

Mr Luke Smith-Wightman

Director

Company Registration No. 07183714

FINE SCIENCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

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

Turnover

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

1.3

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Plant and machinery

20% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2014

3,315

Additions

2,019

At 31 March 2015

5,334

Depreciation

At 1 April 2014

1,150

Charge for the year

837

At 31 March 2015

1,987

Net book value

At 31 March 2015

3,347

At 31 March 2014

2,165

Share capital

2015

2014

Allotted, called up and fully paid

200 ordinary shares of £1 each

200