Abbreviated Company Accounts - PERFORMANCE FG LIMITED

PERFORMANCE FG LIMITED - Company Information

05722038 PERFORMANCE FG LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 05722038 2014-03-01 2015-02-28 05722038 2015-02-28 05722038 2014-02-28 05722038 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 05722038 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 05722038

PERFORMANCE FG LIMITED

Abbreviated Accounts

28 February 2015

PERFORMANCE FG LIMITED Registered Number 05722038

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	240	319
		240	319
Current assets
Debtors		-	156
Cash at bank and in hand		610	408
		610	564
Creditors: amounts falling due within one year		(44,711)	(40,483)
Net current assets (liabilities)		(44,101)	(39,919)
Total assets less current liabilities		(43,861)	(39,600)
Total net assets (liabilities)		(43,861)	(39,600)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(43,862)	(39,601)
Shareholders' funds		(43,861)	(39,600)

For the year ending 28 February 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 4 November 2015

And signed on their behalf by:
Framboise Gommendy, Director

PERFORMANCE FG LIMITED Registered Number 05722038

Notes to the Abbreviated Accounts for the period ended 28 February 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 represents the total invoice value, excluding VAT, of fees charged during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing balance

Other accounting policies
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred.

Deferred taxation
Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes, except to the extent that the director considers that a liability to taxation is unlikely to materialise.

Going concern
The director confirms that, after making enquiries, she has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 March 2014	2,385
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	2,385
Depreciation
At 1 March 2014	2,066
Charge for the year	79
On disposals	-
At 28 February 2015	2,145
Net book values
At 28 February 2015	240
At 28 February 2014	319

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1