FIRST_PLUS_CLAIMS_LTD - Accounts

FIRST PLUS CLAIMS LTD - Company Information

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Company Registration No. 07424952 (England and Wales)

FIRST PLUS CLAIMS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FIRST PLUS CLAIMS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FIRST PLUS CLAIMS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,813

2,655

Current assets

Cash at bank and in hand

47,872

24,922

Creditors: amounts falling due within one year

(47,526)

(25,724)

Net current assets/(liabilities)

346

(802)

Total assets less current liabilities

3,159

1,853

Capital and reserves

Called up share capital

102

Profit and loss account

3,057

1,751

Shareholders' funds

3,159

1,853

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

i) To ensure that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

ii) To prepare 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.

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 and authorised for issue on 13 June 2016

Mr Solomon Ojo

Director

Company Registration No. 07424952

FIRST PLUS CLAIMS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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:

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 December 2014

6,057

Additions

1,095

At 30 November 2015

7,152

Depreciation

At 1 December 2014

3,402

Charge for the year

937

At 30 November 2015

4,339

Net book value

At 30 November 2015

2,813

At 30 November 2014

2,655

FIRST PLUS CLAIMS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

1 Ordinary share A of £1 each

1 Ordinary share B of £1 each

102

Related party relationships and transactions

Loans from director

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr Solomon Ojo

13,307

19,998

33,305

13,307

19,998

33,305