Final Touch (GB) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04138485 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

FINAL TOUCH (GB) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J.Y. Hakki

I O Hakki

SECRETARY:

I O Hakki

REGISTERED OFFICE:

Langley House

Park Road

London

N2 8EY

REGISTERED NUMBER:

04138485 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House Park Road

East Finchley

London

N2 8EY

FIXED ASSETS

Tangible assets

2

186,668

148,110

CURRENT ASSETS

Debtors

181,186

324,061

Cash at bank and in hand

175,144

259,843

356,330

583,904

CREDITORS

Amounts falling due within one year

337,424

386,490

NET CURRENT ASSETS

18,906

197,414

TOTAL ASSETS LESS CURRENT
LIABILITIES

205,574

345,524

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

205,571

345,521

SHAREHOLDERS' FUNDS

205,574

345,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 August 2016 and were signed on its behalf by:

J.Y. Hakki - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, which are recognised

on date of invoice.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 10% on cost

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

769,932

Additions

93,290

At 31 January 2016

863,222

DEPRECIATION

At 1 February 2015

621,822

Charge for year

54,732

At 31 January 2016

676,554

NET BOOK VALUE

At 31 January 2016

186,668

At 31 January 2015

148,110

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

3

Ordinary

£1

3

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2016 and

31 January 2015:

31.1.16

31.1.15

£

J.Y. Hakki

Balance outstanding at start of year

24,984

29,414

Amounts advanced

55,016

65,570

Amounts repaid

(80,000

)

(70,000

)

Balance outstanding at end of year

-

24,984

I O Hakki

Balance outstanding at start of year

122,765

42,058

Amounts advanced

98,254

267,884

Amounts repaid

(205,400

)

(187,177

)

Balance outstanding at end of year

15,619

122,765

During the year the company made advances of £52,970 to J.Y. Hakki, which were repayable on demand and he

was entitled to dividends of £80,000. Interest of £2,045 was charged at official HMRC rates.

During the year the company made advances of £93,767 to I.O. Hakki, which were repayable on demand. The

director introduced capital of £45,400, and he and his daughter were entitled to dividends of £160,000. Interest

of £4,487 was charged at official HMRC rates. This balance is disclosed in debtors due within one year.

The Company paid rents of £73,600 (2015: £73,600) to I.O Hakki and Mrs Hakki during the year.

5.	CONTROLLING PARTY

The company is under the control of its directors and shareholders, I.O. Hakki and J.Y. Hakki.