FINGLETON_ASSOCIATES_LIMI - Accounts

FINGLETON LIMITED - Company Information

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Company Registration No. 08371505 (England and Wales)

FINGLETON ASSOCIATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

FINGLETON ASSOCIATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FINGLETON ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

11,488

4,366

Current assets

Debtors

477,063

354,600

Cash at bank and in hand

526,082

415,699

1,003,145

770,299

Creditors: amounts falling due within one year

(323,805)

(285,069)

Net current assets

679,340

485,230

Total assets less current liabilities

690,828

489,596

Capital and reserves

Called up share capital

100

Profit and loss account

690,728

489,496

Shareholders' funds

690,828

489,596

For the financial year ended 28 February 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 14 August 2015

Mr John Fingleton

Director

Company Registration No. 08371505

FINGLETON ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 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 services net of VAT.

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:

Computer equipment

3 years over straight line

Fixtures, fittings & equipment

3 years over straight line

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 March 2014

6,549

Additions

11,148

At 28 February 2015

17,697

Depreciation

At 1 March 2014

2,183

Charge for the year

4,026

At 28 February 2015

6,209

Net book value

At 28 February 2015

11,488

At 28 February 2014

4,366

FINGLETON ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Upon incorporation 100 ordinary shares of £1 each were allotted and fully paid at par.