Flexifab Limited - Period Ending 2015-08-31

Registration number: 08670524

Flexifab Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Russells (Accountants) Limited
Certified Accountants
33-39 High Street
Kempston
Bedford
Bedfordshire
MK42 7BT

Flexifab Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Flexifab Limited
for the Year Ended 31 August 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Flexifab Limited for the year ended 31 August 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Flexifab Limited, as a body, in accordance with the terms of our engagement letterdated 30 August 2013. Our work has been undertaken solely to prepare for your approval the accounts of Flexifab Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flexifab Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Flexifab Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Flexifab Limited. You consider that Flexifab Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Flexifab Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Russells (Accountants) Limited
Certified Accountants
33-39 High Street
Kempston
Bedford
Bedfordshire
MK42 7BT

Date:.............................

Page 1

Flexifab Limited
(Registration number: 08670524)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Current assets
Debtors					4,412			100
Cash at bank and in hand					14,579			-
					18,991			100
Creditors: Amounts falling due within one year					(10,090)			-
Net assets					8,901			100
Capital and reserves
Called up share capital		2			100			100
Profit and loss account					8,801			-
Shareholders' funds					8,901			100

For the year ending 31 August 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 25 May 2016 and signed on its behalf by:

.........................................
Mr M F Cornwell
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Flexifab Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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.

Other creditors relates to a loan from Clear Tech Oil Limited, a company with common Directors and Share Holders. The loan has no set repayment date and bears no interest.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3