Arbor Financial Systems Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06451520 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Arbor Financial Systems Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R J Gobey

R Sood

SECRETARY:

Mrs T E Gobey

REGISTERED OFFICE:

1-6 Yarmouth Place

London

W1J 7BU

REGISTERED NUMBER:

06451520 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Tangible assets

2

17,938

7,801

CURRENT ASSETS

Debtors

477,814

226,000

Cash at bank

11,638

17,392

489,452

243,392

CREDITORS

Amounts falling due within one year

192,798

122,986

NET CURRENT ASSETS

296,654

120,406

TOTAL ASSETS LESS CURRENT LIABILITIES

314,592

128,207

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

313,592

127,207

SHAREHOLDERS' FUNDS

314,592

128,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 September 2015 and were signed on its behalf by:

R J Gobey - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

21,276

Additions

15,555

At 31 December 2014

36,831

DEPRECIATION

At 1 January 2014

13,475

Charge for year

5,418

At 31 December 2014

18,893

NET BOOK VALUE

At 31 December 2014

17,938

At 31 December 2013

7,801

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1.00

1,000

1,000