Abbreviated Company Accounts - FAI WATU LTD

07090141 FAI WATU LTD 2015-11-30 false 2014-12-01 2015-11-30 true 07090141 2014-12-01 2015-11-30 07090141 2015-11-30 07090141 2014-11-30 07090141 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 07090141 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 07090141

FAI WATU LTD

Abbreviated Accounts

30 November 2015

FAI WATU LTD Registered Number 07090141

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	610	938
		610	938
Current assets
Cash at bank and in hand		19,763	2,013
		19,763	2,013
Creditors: amounts falling due within one year		(20,019)	(928)
Net current assets (liabilities)		(256)	1,085
Total assets less current liabilities		354	2,023
Provisions for liabilities		(122)	(188)
Total net assets (liabilities)		232	1,835
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		231	1,834
Shareholders' funds		232	1,835

For the year ending 30 November 2015 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 29 September 2016

And signed on their behalf by:
M L R HAVARD, Director

FAI WATU LTD Registered Number 07090141

Notes to the Abbreviated Accounts for the period ended 30 November 2015

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 April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised on the date that the goods are physically delivered to the customer, and on the date that the services are provided.

Tangible assets depreciation policy
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 straight line
Fixtures, fittings & equipment 25% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 December 2014	4,456
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	4,456
Depreciation
At 1 December 2014	3,518
Charge for the year	328
On disposals	-
At 30 November 2015	3,846
Net book values
At 30 November 2015	610
At 30 November 2014	938

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1