Abbreviated Company Accounts - FYTH LTD

Registered Number NI036585

FYTH LTD

Abbreviated Accounts

31 March 2015

FYTH LTD Registered Number NI036585

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	14,100	17,686
		14,100	17,686
Current assets
Stocks		131,135	211,050
Debtors		1,286,451	1,212,226
Cash at bank and in hand		98,020	163,881
		1,515,606	1,587,157
Prepayments and accrued income		-	3,860
Creditors: amounts falling due within one year		(431,485)	(518,662)
Net current assets (liabilities)		1,084,121	1,072,355
Total assets less current liabilities		1,098,221	1,090,041
Provisions for liabilities		(176)	-
Total net assets (liabilities)		1,098,045	1,090,041
Capital and reserves
Called up share capital		4	4
Profit and loss account		1,098,041	1,090,037
Shareholders' funds		1,098,045	1,090,041

For the year ending 31 March 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 22 December 2015

And signed on their behalf by:
Seamus Devine, Director

FYTH LTD Registered Number NI036585

Notes to the Abbreviated Accounts for the period ended 31 March 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 value added tax, of sales made during the year.

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:
Plant & machinery - 15% straight line
Fixtures, Fittings & Equipment - 20% straight line

Other accounting policies
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

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.

2Tangible fixed assets

	£
Cost
At 1 April 2014	818,591
Additions	5,326
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	823,917
Depreciation
At 1 April 2014	800,905
Charge for the year	8,912
On disposals	-
At 31 March 2015	809,817
Net book values
At 31 March 2015	14,100
At 31 March 2014	17,686