SCHOOLS_FIRST_LIMITED - Accounts

SCHOOLS FIRST LIMITED - Company Information

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Company Registration No. 04159823 (England and Wales)

SCHOOLS FIRST LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

SCHOOLS FIRST LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SCHOOLS FIRST LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

5,230

6,153

Current assets

Debtors

12,649

4,214

Cash at bank and in hand

420

12,167

13,069

16,381

Creditors: amounts falling due within one year

(13,897)

(17,898)

Net current liabilities

(828)

(1,517)

Total assets less current liabilities

4,402

4,636

Capital and reserves

Called up share capital

110

Profit and loss account

4,292

4,526

Shareholders' funds

4,402

4,636

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 March 2016

Mr David Borthwick

Director

Company Registration No. 04159823

SCHOOLS FIRST LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 September 2014 & at 31 August 2015

22,601

Depreciation

At 1 September 2014

16,448

Charge for the year

923

At 31 August 2015

17,371

Net book value

At 31 August 2015

5,230

At 31 August 2014

6,153

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares Class A Voting of £1 each

100

5 Ordinary shares Class B Non Voting of £1 each

5 Ordinary shares Class C Non Voting of £1 each

110