Flexewebs Ltd - Period Ending 2015-03-31

Registration number: 05587469

Flexewebs Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Flexewebs Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Flexewebs Ltd
(Registration number: 05587469)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			9,491			3,058
Current assets
Debtors					29,534			54,673
Cash at bank and in hand					34,965			85,245
					64,499			139,918
Creditors: Amounts falling due within one year					(13,564)			(30,555)
Net current assets					50,935			109,363
Net assets					60,426			112,421
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					59,426			111,421
Shareholders' funds					60,426			112,421

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 14 January 2016 and signed on its behalf by:

.........................................
Mirza Basic
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Flexewebs Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Reducing balance
Motor vehicles	25% Reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		4,690			4,690
Additions		9,598			9,598
At 31 March 2015		14,288			14,288
Depreciation
At 1 April 2014		1,632			1,632
Charge for the year		3,165			3,165
At 31 March 2015		4,797			4,797
Net book value
At 31 March 2015		9,491			9,491
At 31 March 2014		3,058			3,058

Page 2

Flexewebs Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000

Page 3