POSITION_FOCUS_LIMITED - Accounts


Company Registration No. 04483863 (England and Wales)
POSITION FOCUS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
POSITION FOCUS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
POSITION FOCUS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
625
735
Current assets
Debtors
31,430
18,216
Cash at bank and in hand
-
2,141
31,430
20,357
Creditors: amounts falling due within one year
(4,790)
(2,422)
Net current assets
26,640
17,935
Total assets less current liabilities
27,265
18,670
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
27,264
18,669
Shareholders'  funds
27,265
18,670
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 5 October 2016
Mr Ben Crowley
Director
Company Registration No. 04483863
POSITION FOCUS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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 services net of VAT.

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:
Plant and machinery
15% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
2,556
Depreciation
At 1 April 2015
1,821
Charge for the year
110
At 31 March 2016
1,931
Net book value
At 31 March 2016
625
At 31 March 2015
735
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
4
Related party relationships and transactions
POSITION FOCUS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
4
Related party relationships and transactions
(Continued)
- 3 -
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
3.25
15,456
6,792
613
-
22,861
15,456
6,792
613
-
22,861
Other transactions

At the year end the Company was owed by 2Able Limited, a company which is under the common control of the director; an amount of £8,100 (2015: £2,760). During the period an amount of £24,500 (net of VAT) (2015: £17,300) was invoiced by this company for services of the director. The amounts owed to the connected company are included within Trade Debtors.

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