First Business Finance (UK) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06720787 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

First Business Finance (UK) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D C Jordan

REGISTERED OFFICE:

Unit 7

Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

REGISTERED NUMBER:

06720787 (England and Wales)

ACCOUNTANTS:

Nichols & Co ( Accountancy ) Limited

Chartered Accountants

Unit 7

Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

FIXED ASSETS

Intangible assets

2

2,040

-

Tangible assets

3

39,785

37,964

41,825

37,964

CURRENT ASSETS

Debtors

51,667

26,595

Cash at bank

100,555

80,482

152,222

107,077

CREDITORS

Amounts falling due within one year

85,552

77,175

NET CURRENT ASSETS

66,670

29,902

TOTAL ASSETS LESS CURRENT LIABILITIES

108,495

67,866

CREDITORS

Amounts falling due after more than one year

(6,252

)

(11,348

)

PROVISIONS FOR LIABILITIES

(794

)

-

NET ASSETS

101,449

56,518

CAPITAL AND RESERVES

Called up share capital

4

102

2

Profit and loss account

101,347

56,516

SHAREHOLDERS' FUNDS

101,449

56,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 October 2015 and were signed by:

D C Jordan - 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.

Intangible fixed assets

Amortisation is provided using the straight-line method to write off each asset over its estimated useful life.

Computer software licences etc - five years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and in accordance with the property

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,550

At 31 March 2015

2,550

AMORTISATION

Amortisation for year

510

At 31 March 2015

510

NET BOOK VALUE

At 31 March 2015

2,040

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

56,211

Additions

9,343

At 31 March 2015

65,554

DEPRECIATION

At 1 April 2014

18,247

Charge for year

7,522

At 31 March 2015

25,769

NET BOOK VALUE

At 31 March 2015

39,785

At 31 March 2014

37,964

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2

100

Ordinary A

£1

100

-

102

2

100 Ordinary A shares of £1 each were allotted and fully paid for cash at par during the year.