Fountain Partnership Ltd - Limited company - abbreviated - 11.9

Fountain Partnership Ltd - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 07551957 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Fountain Partnership Ltd

Fountain Partnership Ltd (Registered number: 07551957)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Certified Accountants' Report 5

Fountain Partnership Ltd

Company Information
for the Year Ended 31 March 2015







DIRECTORS: Miss R Lewis Smith
M Hemsley
R J Morley
Miss L J Jennings





REGISTERED OFFICE: 17 Palace Street
Norwich
Norfolk
NR3 1RT





REGISTERED NUMBER: 07551957 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

Fountain Partnership Ltd (Registered number: 07551957)

Abbreviated Balance Sheet
31 March 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 9,996 11,662
Tangible assets 3 1,997 2,319
11,993 13,981

CURRENT ASSETS
Debtors 44,310 41,237
Cash at bank 36,992 23,883
81,302 65,120
CREDITORS
Amounts falling due within one year 80,876 75,303
NET CURRENT ASSETS/(LIABILITIES) 426 (10,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,419

3,798

CREDITORS
Amounts falling due after more than one
year

(10,990
)
-

PROVISIONS FOR LIABILITIES (399 ) -
NET ASSETS 1,030 3,798

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 30 2,798
SHAREHOLDERS' FUNDS 1,030 3,798

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 directors acknowledge their 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 Board of Directors on 18 December 2015 and were signed on its behalf
by:





Miss R Lewis Smith - Director


Fountain Partnership Ltd (Registered number: 07551957)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 16,660
AMORTISATION
At 1 April 2014 4,998
Amortisation for year 1,666
At 31 March 2015 6,664
NET BOOK VALUE

At 31 March 2015 9,996
At 31 March 2014 11,662

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 6,077
Additions 948
At 31 March 2015 7,025
DEPRECIATION
At 1 April 2014 3,758
Charge for year 1,270
At 31 March 2015 5,028
NET BOOK VALUE
At 31 March 2015 1,997
At 31 March 2014 2,319

Fountain Partnership Ltd (Registered number: 07551957)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
1,000 1,000

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fountain Partnership Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Fountain Partnership Ltd for the year ended 31 March 2015 which comprise the Profit and Loss
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Fountain Partnership Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fountain Partnership Ltd and state those matters that we have agreed to state to the Board of Directors of Fountain Partnership Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fountain Partnership Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fountain Partnership Ltd. You consider that Fountain Partnership Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fountain Partnership Ltd.
For this reason, we have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB


Date: .............................................