FINGLETON_ASSOCIATES_LIMI - Accounts

FINGLETON LIMITED - Company Information

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Company Registration No. 08371505 (England and Wales)

FINGLETON ASSOCIATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

FINGLETON ASSOCIATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FINGLETON ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

6,835

11,488

Current assets

Debtors

751,007

477,063

Cash at bank and in hand

813,870

526,082

1,564,877

1,003,145

Creditors: amounts falling due within one year

(432,152)

(323,805)

Net current assets

1,132,725

679,340

Total assets less current liabilities

1,139,560

690,828

Provisions for liabilities

(1,367)

1,138,193

690,828

Capital and reserves

Called up share capital

100

Profit and loss account

1,138,093

690,728

Shareholders' funds

1,138,193

690,828

For the financial year ended 28 February 2016 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 6 July 2016

Mr John Fingleton

Director

Company Registration No. 08371505

FINGLETON ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 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 January 2015).

1.2

Turnover

Turnover represents amounts receivable for services net of VAT.

1.3

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

3 years over straight line

Fixtures, fittings & equipment

3 years over straight line

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 March 2015

17,697

Additions

4,679

At 28 February 2016

22,376

Depreciation

At 1 March 2015

6,209

Charge for the year

9,332

At 28 February 2016

15,541

Net book value

At 28 February 2016

6,835

At 28 February 2015

11,488

FINGLETON ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Upon incorporation 100 ordinary shares of £1 each were allotted and fully paid at par.