90TEN_LIMITED - Accounts

90TEN LTD. - Company Information

Print Friendly Version

Company Registration No. 04289620 (England and Wales)

90TEN LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

90TEN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

90TEN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

65,419

17,252

Current assets

Debtors

943,217

1,003,427

Cash at bank and in hand

407,531

701,068

1,350,748

1,704,495

Creditors: amounts falling due within one year

(711,712)

(711,536)

Net current assets

639,036

992,959

Total assets less current liabilities

704,455

1,010,211

Capital and reserves

Called up share capital

5,000

Profit and loss account

699,455

1,005,211

Shareholders' funds

704,455

1,010,211

For the financial year ended 29 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 12 August 2016

C Harris

P Tanner

Director

Company Registration No. 04289620

90TEN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 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

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 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:

Fixtures, fittings & equipment

25% Straight Line

1.5

Revenue recognition

Revenue from sale of services is recognised when when the services are rendered. Payments on account in excess of the relevant amount of revenue are included in creditors.

1.6

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.

90TEN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 3 -

Tangible fixed assets

Fixtures, fittings & equipment

Cost

At 1 March 2015

118,885

Additions

75,608

At 29 February 2016

194,493

Depreciation

At 1 March 2015

101,633

Charge for the year

27,441

At 29 February 2016

129,074

Net book value

At 29 February 2016

65,419

At 28 February 2015

17,252

Share capital

2016

2015

Allotted, called up and fully paid

5,000 Ordinary shares of £1 each

5,000