Abbreviated Company Accounts - FLYING-FX LIMITED

Abbreviated Company Accounts - FLYING-FX LIMITED


Registered Number 05169577

FLYING-FX LIMITED

Abbreviated Accounts

30 September 2015

FLYING-FX LIMITED Registered Number 05169577

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,566 4,113
2,566 4,113
Current assets
Debtors 182,929 67,572
Cash at bank and in hand 113,504 349,673
296,433 417,245
Creditors: amounts falling due within one year (165,370) (267,054)
Net current assets (liabilities) 131,063 150,191
Total assets less current liabilities 133,629 154,304
Total net assets (liabilities) 133,629 154,304
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 133,529 154,204
Shareholders' funds 133,629 154,304
  • For the year ending 30 September 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 June 2016

And signed on their behalf by:
C Jewsbury, Director

FLYING-FX LIMITED Registered Number 05169577

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the amounts (excluding value added tax) derived from the company's principal activity during the year

Tangible assets depreciation policy
All fixed assets are initially recorded at cost. Depreciation is calculated so as to write the cost of an asset less its estimated residual value over the useful economic life of that asset. The rates applied are:
- Plant and Equipment 25% straight line
- Office Equipment 20% straight line

2Tangible fixed assets
£
Cost
At 1 October 2014 35,203
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2015 35,203
Depreciation
At 1 October 2014 31,090
Charge for the year 1,547
On disposals -
At 30 September 2015 32,637
Net book values
At 30 September 2015 2,566
At 30 September 2014 4,113
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100