Fife Business Services Limited - Limited company - abbreviated - 11.9

Fife Business Services Limited - Limited company - abbreviated - 11.9

FIFE BUSINESS SERVICES LIMITED - Company Information

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REGISTERED NUMBER: SC338233 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Fife Business Services Limited

Fife Business Services Limited (Registered number: SC338233)






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 4

Fife Business Services Limited

Company Information
for the Year Ended 31 March 2015







DIRECTORS: Ms C Maciocia
G Neilson





REGISTERED OFFICE: Myregormie Place
Mitchelston Industrial Estate
Kirkcaldy
Fife
KY1 3NA





REGISTERED NUMBER: SC338233 (Scotland)





ACCOUNTANTS: Fife Business Services Ltd
Business Incubator Kirkcaldy
Myregormie Place
Kirkcaldy
Fife
KY1 3NA
Page 1
Fife Business Services Limited (Registered number: SC338233)

Abbreviated Balance Sheet
31 March 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 51,284 53,514
Tangible assets 3 5,278 6,467
56,562 59,981

CURRENT ASSETS
Stocks 14,500 -
Debtors 82,764 89,705
Cash at bank and in hand 4,567 2,972
101,831 92,677
CREDITORS
Amounts falling due within one year 101,439 87,940
NET CURRENT ASSETS 392 4,737
TOTAL ASSETS LESS CURRENT
LIABILITIES
56,954
64,718

CREDITORS
Amounts falling due after more than one
year
28,635
36,401
NET ASSETS 28,319 28,317

CAPITAL AND RESERVES
Called up share capital 4 40 40
Share premium 27,199 27,199
Profit and loss account 1,080 1,078
SHAREHOLDERS' FUNDS 28,319 28,317

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 notes form part of these abbreviated accounts

Page 2 continued...
Fife Business Services Limited (Registered number: SC338233)

Abbreviated Balance Sheet - continued
31 March 2015


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 22 December 2015 and were signed on its behalf
by:





Ms C Maciocia - Director


The notes form part of these abbreviated accounts

Page 3
Fife Business Services Limited (Registered number: SC338233)

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 0, is being amortised evenly over its estimated useful life of nil years.

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

Plant and machinery etc - 33% on cost and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 66,892
AMORTISATION
At 1 April 2014 13,378
Amortisation for year 2,230
At 31 March 2015 15,608
NET BOOK VALUE

At 31 March 2015 51,284
At 31 March 2014 53,514

Page 4 continued...
Fife Business Services Limited (Registered number: SC338233)

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

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 19,533
Additions 2,746
At 31 March 2015 22,279
DEPRECIATION
At 1 April 2014 13,066
Charge for year 3,935
At 31 March 2015 17,001
NET BOOK VALUE
At 31 March 2015 5,278
At 31 March 2014 6,467

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
40 Ordinary 1 40 40

Page 5