Blue Sky Finance (Cornwall) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07197414 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Blue Sky Finance (Cornwall) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B Leach

REGISTERED OFFICE:

Maritime House

Discovery Quay

Falmouth

Cornwall

TR11 3XA

REGISTERED NUMBER:

07197414 (England and Wales)

ACCOUNTANTS:

Briants Chartered Accountants

Maritime House

Discovery Quay

Falmouth

Cornwall

TR11 3XA

FIXED ASSETS

Tangible assets

2

3,944

2,430

CURRENT ASSETS

Debtors

1,108

903

Cash at bank

91,665

58,532

92,773

59,435

CREDITORS

Amounts falling due within one year

30,438

24,833

NET CURRENT ASSETS

62,335

34,602

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,279

37,032

PROVISIONS FOR LIABILITIES

789

486

NET ASSETS

65,490

36,546

CAPITAL AND RESERVES

Called up share capital

3

125

Share premium

100

Profit and loss account

65,265

36,321

SHAREHOLDERS' FUNDS

65,490

36,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 November 2016 and were signed by:

B Leach - Director

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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

4,022

Additions

2,266

At 31 March 2016

6,288

DEPRECIATION

At 1 April 2015

1,592

Charge for year

752

At 31 March 2016

2,344

NET BOOK VALUE

At 31 March 2016

3,944

At 31 March 2015

2,430

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100

25

Ordinary B

1

25

125