Abbreviated Company Accounts - BILLFRONT LIMITED
Abbreviated Company Accounts - BILLFRONT LIMITED
Registered Number 09446187
BILLFRONT LIMITED
Abbreviated Accounts
31 December 2015
BILLFRONT LIMITED Registered Number 09446187
Abbreviated Balance Sheet as at 31 December 2015
| Notes | 2015 | ||
|---|---|---|---|
| £ | |||
| Current assets | |||
| Debtors |
|
||
| Cash at bank and in hand |
|
||
|
|
|||
| Creditors: amounts falling due within one year |
( |
||
| Net current assets (liabilities) |
( |
||
| Total assets less current liabilities |
( |
||
| Total net assets (liabilities) |
( |
||
| Capital and reserves | |||
| Called up share capital | 2 |
|
|
| Profit and loss account |
( |
||
| Shareholders' funds |
( |
||
For the year ending 31 December 2015 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
And signed on their behalf by:
BILLFRONT LIMITED Registered Number 09446187
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. This support is required as the company has net current liabilities and net liabilities of £62,378. We believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial statements.
Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction (or, if hedged forward, at the rate of exchange under the related forward currency contract). Monetary assets and liabilities denominated in foreign currencies are translated using the contracted rate or the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
Taxation
The charge for taxation is based on the loss for the period and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.