POSITION_FOCUS_LIMITED - Accounts
POSITION_FOCUS_LIMITED - Accounts
Company Registration No. 04483863 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
-
Creditors: amounts falling due within one year
(4,790 )
(2,422 )
Net current assets
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board for issue on 5 October 2016
Director
Company Registration No. 04483863
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Plant and machinery
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
4
Related party relationships and transactions
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.