FASTLANE_ENTERTAINMENT_LI - Accounts

FASTLANE ENTERTAINMENT LIMITED - Company Information

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Company Registration No. 06496440 (England and Wales)

FASTLANE ENTERTAINMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

FASTLANE ENTERTAINMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

FASTLANE ENTERTAINMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

341

454

Current assets

Debtors

5,749

62,164

Cash at bank and in hand

40,500

20,044

46,249

82,208

Creditors: amounts falling due within one year

(46,134)

(3,674)

Net current assets

115

78,534

Total assets less current liabilities

456

78,988

Creditors: amounts falling due after more than one year

(83,346)

456

(4,358)

Capital and reserves

Called up share capital

100

Profit and loss account

356

(4,458)

Shareholders' funds

456

(4,358)

For the financial year ended 31 January 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 29 September 2016

Mr R J Lane

Director

Company Registration No. 06496440

FASTLANE ENTERTAINMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 2 -

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 for goods and services net of VAT and trade discounts.

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:

Computer equipment

25% Reducing Balance

Fixed assets

Tangible assets

Cost

At 1 February 2015 & at 31 January 2016

1,553

Depreciation

At 1 February 2015

1,098

Charge for the year

114

At 31 January 2016

1,212

Net book value

At 31 January 2016

341

At 31 January 2015

454

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100