| Fly on the Wall Coaching Ltd |
| Registered number: |
06818385 |
| Abbreviated Balance Sheet |
| as at 28 February 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
3,821 |
|
|
3,267 |
|
| Current assets |
| Debtors |
|
|
101,672 |
|
|
30,950 |
| Cash at bank and in hand |
|
|
20,121 |
|
|
54,312 |
|
|
|
121,793 |
|
|
85,262 |
|
| Creditors: amounts falling due within one year |
|
|
(108,969) |
|
|
(24,542) |
|
| Net current assets |
|
|
|
12,824 |
|
|
60,720 |
|
| Total assets less current liabilities |
|
|
|
16,645 |
|
|
63,987 |
|
|
| Provisions for liabilities |
|
|
|
(764) |
|
|
(653) |
|
|
| Net assets |
|
|
|
15,881 |
|
|
63,334 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
15,879 |
|
|
63,332 |
|
| Shareholders' funds |
|
|
|
15,881 |
|
|
63,334 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| L J Smith |
| Director |
| Approved by the board on 20 November 2015 |
|
| Fly on the Wall Coaching Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 28 February 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover comprises the invoiced value of services provided during the year, excluding value added tax, and net of trade discounts. Revenue is recognised in the accounting period in which services are rendered by reference to the stage of completion of the specific transaction assessed on the basis of the actual service provided as a proportion of the total services to be provided. |
|
|
Depreciation |
|
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value, over their expected useful lives on the following bases : |
|
|
Plant and machinery |
33.33% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. Work in progress is the recoverable value of services completed at the year end not yet invoiced. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2014 |
12,794 |
|
Additions |
3,452 |
|
At 28 February 2015 |
16,246 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2014 |
9,527 |
|
Charge for the year |
2,898 |
|
At 28 February 2015 |
12,425 |
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2015 |
3,821 |
|
At 28 February 2014 |
3,267 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
