Abbreviated Company Accounts - FLYING COLOURS GROUP LIMITED

FLYING COLOURS GROUP LIMITED - Company Information

Registered Number 03093628

FLYING COLOURS GROUP LIMITED

Abbreviated Accounts

31 January 2015

FLYING COLOURS GROUP LIMITED Registered Number 03093628

Abbreviated Balance Sheet as at 31 January 2015

	Notes	31/01/2015	31/07/2013
		£	£
Fixed assets
Tangible assets	2	51,223	11,807
		51,223	11,807
Current assets
Stocks		26,050	6,270
Debtors		35,056	130,921
		61,106	137,191
Creditors: amounts falling due within one year		(81,583)	(104,522)
Net current assets (liabilities)		(20,477)	32,669
Total assets less current liabilities		30,746	44,476
Creditors: amounts falling due after more than one year		(14,461)	(29,995)
Total net assets (liabilities)		16,285	14,481
Capital and reserves
Called up share capital		100	100
Profit and loss account		16,185	14,381
Shareholders' funds		16,285	14,481

For the year ending 31 January 2015 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 23 October 2015

And signed on their behalf by:
JAGDISH SAMPLAY, Director

FLYING COLOURS GROUP LIMITED Registered Number 03093628

Notes to the Abbreviated Accounts for the period ended 31 January 2015

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 comprises the value of sales (excluding VAT and trade discounts) of goods and services
in the normal course of business.

Tangible assets depreciation policy
Depreciation and amortisation is provided at rates calculated to write off the cost, less estimated
residual value, of each asset on a straight-line basis over its expected useful life as follows:

Laboratory equipment 25% per annum
Computer equipment 33% per annum
Motor vehicles 25% per annum
Fixtures and fittings 25% per annum

2Tangible fixed assets

	£
Cost
At 1 August 2013	395,451
Additions	52,753
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	448,204
Depreciation
At 1 August 2013	383,644
Charge for the year	13,337
On disposals	-
At 31 January 2015	396,981
Net book values
At 31 January 2015	51,223
At 31 July 2013	11,807