1st Class School Improvement Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08799444 (England and Wales)

1ST CLASS SCHOOL IMPROVEMENT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs M L Pickering

REGISTERED OFFICE:

Units 11-13

Crossfield Road Industrial Estate

Crossfield Road

Lichfield

Staffordshire

WS13 6RJ

REGISTERED NUMBER:

08799444 (England and Wales)

ACCOUNTANTS:

Wallace Crooke Walsall Limited

Chartered Accountants

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

FIXED ASSETS

Tangible assets

2

1,099

1,466

CURRENT ASSETS

Debtors

15,222

7,526

Cash at bank and in hand

25,933

45,426

41,155

52,952

CREDITORS

Amounts falling due within one year

37,100

31,199

NET CURRENT ASSETS

4,055

21,753

TOTAL ASSETS LESS CURRENT LIABILITIES

5,154

23,219

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

5,054

23,119

SHAREHOLDERS' FUNDS

5,154

23,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 2 June 2016 and were signed by:

Mrs M L Pickering - 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, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,832

DEPRECIATION

At 1 January 2015

366

Charge for year

367

At 31 December 2015

733

NET BOOK VALUE

At 31 December 2015

1,099

At 31 December 2014

1,466

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director received advances totalling £24,074 (2014 - £7,815) and made

repayments totalling £24,074 (2014 - £7,815). These were made on interest free terms.