Accounts filed on 28-02-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 28 February 2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 08417645


Registered Number: 08417645

BALANCE SHEET AT 28 FEBRUARY 2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		120,000		120,000

CURRENT ASSETS
Cash at bank and in hand		6,873		2,864
		6,873		2,864
CREDITORS: Amounts falling due within one year		64,543		69,293
NET CURRENT LIABILITIES			(57,670)		(66,429)
TOTAL ASSETS LESS CURRENT LIABILITIES			62,330		53,571

CAPITAL AND RESERVES

Called up share capital	3		2		1
Revaluation reserve	1f,4		51,350		51,350
Profit and loss account			10,978		2,220
SHAREHOLDERS' FUNDS			62,330		53,571

For the year ending 28 February 2016 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 23 March 2016 and signed on their behalf by




Mr J Fisher
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 4).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.




3. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	1
	2	1

New shares issued during period:
1 Ordinary shares of £1 each	1
	1	-




4. REVALUATION RESERVE	2016	2015
	£	£
Revaluation reserve	51,350	51,350
	51,350	51,350

The property was revalued at 28/02/2016 by the director.




5. RELATED PARTY TRANSACTIONS
The Company trades with Fusion Electrical Contractors Ltd. , a company in which Mr J Fisher has an interest. The balance owing to Fusion Electrical Contractors at the 29/2/2016 was £61759 (2015: £67759)