Abbreviated Company Accounts - FACIO CONSULTANCY LIMITED

FACIO CONSULTANCY LIMITED - Company Information

07734126 FACIO CONSULTANCY LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07734126 2015-04-01 2016-03-31 07734126 2016-03-31 07734126 2015-03-31 07734126 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07734126 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07734126

FACIO CONSULTANCY LIMITED

Abbreviated Accounts

31 March 2016

FACIO CONSULTANCY LIMITED Registered Number 07734126

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	8,600	14,800
Tangible assets	3	1,566	2,225
		10,166	17,025
Current assets
Debtors		27,439	1,878
Cash at bank and in hand		20,349	33,258
		47,788	35,136
Creditors: amounts falling due within one year		(5,999)	(6,870)
Net current assets (liabilities)		41,789	28,266
Total assets less current liabilities		51,955	45,291
Total net assets (liabilities)		51,955	45,291
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		51,953	45,289
Shareholders' funds		51,955	45,291

For the year ending 31 March 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 10 July 2016

And signed on their behalf by:
Mr J Morris, Director

FACIO CONSULTANCY LIMITED Registered Number 07734126

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015.

Turnover policy
Turnover comprises revenue recognised by the Company in respect of services provided during the year, exclusive of VAT

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment – 25% straight line
Other fixed assets – 25% straight line

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.
Amortisation is provide at the following rates:

Goodwill – straight line over 5 years

2Intangible fixed assets

	£
Cost
At 1 April 2015	35,000
Additions	1,000
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	36,000
Amortisation
At 1 April 2015	20,200
Charge for the year	7,200
On disposals	-
At 31 March 2016	27,400
Net book values
At 31 March 2016	8,600
At 31 March 2015	14,800

3Tangible fixed assets

	£
Cost
At 1 April 2015	4,407
Additions	589
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	4,996
Depreciation
At 1 April 2015	2,182
Charge for the year	1,248
On disposals	-
At 31 March 2016	3,430
Net book values
At 31 March 2016	1,566
At 31 March 2015	2,225

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2