Fizza Electronics Ltd - Abbreviated accounts 16.1

Fizza Electronics Ltd - Abbreviated accounts 16.1

FIZZA ELECTRONICS LIMITED - Company Information

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REGISTERED NUMBER: 02007833 (England and Wales)










ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29TH FEBRUARY 2016

FOR

FIZZA ELECTRONICS LTD

FIZZA ELECTRONICS LTD (REGISTERED NUMBER: 02007833)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29TH FEBRUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

FIZZA ELECTRONICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2016







DIRECTOR: P Anwar





SECRETARY: P Anwar





REGISTERED OFFICE: 32 Moulton Street
Manchester
M8 8FQ





REGISTERED NUMBER: 02007833 (England and Wales)





ACCOUNTANT: DBF Associates
Chartered Accountants
10 Park Place
Manchester
Lancashire
M4 4EY
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FIZZA ELECTRONICS LTD (REGISTERED NUMBER: 02007833)

ABBREVIATED BALANCE SHEET
29TH FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 1,088 1,451
1,088 1,451

CURRENT ASSETS
Stocks 165,500 215,000
Debtors 173,179 203,189
Cash at bank and in hand 75,279 39,890
413,958 458,079
CREDITORS
Amounts falling due within one year 195,707 276,582
NET CURRENT ASSETS 218,251 181,497
TOTAL ASSETS LESS CURRENT
LIABILITIES
219,339
182,948

CAPITAL AND RESERVES
Called up share capital 4 10,000 10,000
Profit and loss account 209,339 172,948
SHAREHOLDERS' FUNDS 219,339 182,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 10th August 2016 and were signed by:




P Anwar - Director


The notes form part of these abbreviated accounts

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FIZZA ELECTRONICS LTD (REGISTERED NUMBER: 02007833)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29TH FEBRUARY 2016


1. ACCOUNTING POLICIES

Deferred taxation
It has been found that a provision for deferred taxation is not required.


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1989, is being amortised evenly over its estimated useful life of ten years.

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

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st March 2015
and 29th February 2016 4,400
AMORTISATION
At 1st March 2015
and 29th February 2016 4,400
NET BOOK VALUE

At 29th February 2016 -
At 28th February 2015 -

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FIZZA ELECTRONICS LTD (REGISTERED NUMBER: 02007833)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st March 2015
and 29th February 2016 19,750
DEPRECIATION
At 1st March 2015 18,299
Charge for year 363
At 29th February 2016 18,662
NET BOOK VALUE
At 29th February 2016 1,088
At 28th February 2015 1,451

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10,000 Ordinary £1 10,000 10,000

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