Physical Futures - Abbreviated accounts 16.1
Physical Futures - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 May 2016 |
for |
Physical Futures |
Physical Futures (Registered number: 09046978) |
Contents of the Abbreviated Accounts |
for the year ended 31 May 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Physical Futures |
Company Information |
for the year ended 31 May 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
Physical Futures (Registered number: 09046978) |
Abbreviated Balance Sheet |
31 May 2016 |
2016 | 2015 |
£ | £ |
CURRENT ASSETS |
Prepayments and accrued income |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
RESERVES |
Income and expenditure account | ( |
) |
( |
) |
The directors acknowledge their 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 surplus or deficit 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 financial statements were approved by the Board of Directors on |
Physical Futures (Registered number: 09046978) |
Notes to the Abbreviated Accounts |
for the year ended 31 May 2016 |
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 services, excluding value added tax. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis over the |
period of the lease. |
2. | COMPANY LIMITED BY GUARANTEE |
The company is limited by guarantee and has no share capital. The liability of each member is limited to £1. |