POSITION_FOCUS_LTD - Accounts

POSITION FOCUS LIMITED - Company Information

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Company Registration No. 04483863 (England and Wales)

POSITION FOCUS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

POSITION FOCUS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

POSITION FOCUS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

735

865

Current assets

Debtors

18,216

8,903

Cash at bank and in hand

2,141

10,337

20,357

19,240

Creditors: amounts falling due within one year

(2,422)

(4,170)

Net current assets

17,935

15,070

Total assets less current liabilities

18,670

15,935

Capital and reserves

Called up share capital

Profit and loss account

18,669

15,934

Shareholders' funds

18,670

15,935

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.

Director's 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 director acknowledges his 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 5 November 2015

B Crowley

Director

Company Registration No. 04483863

POSITION FOCUS LTD

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

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

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

2,556

Depreciation

At 1 April 2014

1,691

Charge for the year

130

At 31 March 2015

1,821

Net book value

At 31 March 2015

735

At 31 March 2014

865

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each

Related party relationships and transactions

POSITION FOCUS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

Related party relationships and transactions

(Continued)

- 3 -

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

3.50

4,103

11,017

336

15,456

4,103

11,017

336

15,456

Other transactions

The company traded with the company 2able Limited, which is 50% owned by director B Crowley, who is also a director of that company. Position Focus Limited invoiced to 2able Ltd £17,300 (2014: £19,250). At the year end the company was owed £2,760 (2014: £Nil )