Focus on Banking Limited - Limited company - abbreviated

REGISTERED NUMBER: 04020837 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

FOCUS ON BANKING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Waite

Mrs T K Waite

SECRETARY:

P Waite

REGISTERED OFFICE:

Unit 4 Ingrave Business Centre

8 Brentwood Road

Brentwood

Essex

CM13 3QH

REGISTERED NUMBER:

04020837 (England and Wales)

ACCOUNTANTS:

Richard Edwards Group LLP

Chartered Certified Accountants

The Maltings

Rosemary Lane

Halstead

Essex

CO9 1HZ

FIXED ASSETS

Tangible assets

2

3,500

2,857

CURRENT ASSETS

Debtors

23,623

26,471

Cash at bank

11,115

10,912

34,738

37,383

CREDITORS

Amounts falling due within one year

25,288

34,645

NET CURRENT ASSETS

9,450

2,738

TOTAL ASSETS LESS CURRENT LIABILITIES

12,950

5,595

PROVISIONS FOR LIABILITIES

700

-

NET ASSETS

12,250

5,595

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

12,050

5,395

SHAREHOLDERS' FUNDS

12,250

5,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 5 January 2016 and were signed on its behalf by:

P Waite - Director

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 services, excluding value added tax.

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 reducing balance and 25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

22,780

Additions

2,334

At 30 June 2015

25,114

DEPRECIATION

At 1 July 2014

19,923

Charge for year

1,691

At 30 June 2015

21,614

NET BOOK VALUE

At 30 June 2015

3,500

At 30 June 2014

2,857

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

102

Ordinary A

£1

102

98

Ordinary B

£1

98

200

Focus on Banking Limited - Limited company - abbreviated - 11.9

Focus on Banking Limited - Limited company - abbreviated - 11.9