Abbreviated Company Accounts - FITCH & CO LIMITED

FITCH & CO LIMITED - Company Information

Registered Number 09414996

FITCH & CO LIMITED

Abbreviated Accounts

31 January 2016

FITCH & CO LIMITED Registered Number 09414996

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016
		£
Fixed assets
Intangible assets	2	131,100
Tangible assets	3	841
		131,941
Current assets
Cash at bank and in hand		350
		350
Creditors: amounts falling due within one year		(61,806)
Net current assets (liabilities)		(61,456)
Total assets less current liabilities		70,485
Total net assets (liabilities)		70,485
Capital and reserves
Called up share capital		100
Profit and loss account		70,385
Shareholders' funds		70,485

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 November 2016

And signed on their behalf by:
Mr D Wise, Director

FITCH & CO LIMITED Registered Number 09414996

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Fixtures, Fittings & Equipment - 15% Reducing Balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
Additions	138,000
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	138,000
Amortisation
Charge for the year	6,900
On disposals	-
At 31 January 2016	6,900
Net book values
At 31 January 2016	131,100

3Tangible fixed assets

	£
Cost
Additions	990
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	990
Depreciation
Charge for the year	149
On disposals	-
At 31 January 2016	149
Net book values
At 31 January 2016	841