Fondel Solutions Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08379464 (England and Wales)

Abbreviated Accounts for the Period 29 January 2013 to 31 May 2014

for

Fondel Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

D J Ingall

S P Thompson

SECRETARY:

A L Mansell

REGISTERED OFFICE:

Hi-Temp Works

480 Pensitone Road

Sheffield

South Yorkshire

S6 2FU

REGISTERED NUMBER:

08379464 (England and Wales)

ACCOUNTANTS:

A H Accountancy Services

61a Blagden Street

Sheffield

South Yorkshire

S2 5QS

FIXED ASSETS

Tangible assets

2

18,797

CURRENT ASSETS

Debtors

6,154

CREDITORS

Amounts falling due within one year

54,777

NET CURRENT LIABILITIES

(48,623

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,826

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(29,828

)

SHAREHOLDERS' FUNDS

(29,826

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 16 October 2014 and were signed on its behalf by:

D J Ingall - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes that the company will

continue in operational existence for the foreseeable future. The validity of this assumption depends on a return

to profitability and the company being able to manage its working capital requirements.

The financial statements show that the company has made a loss for the period of £29,828. This is the first period

of trading and steps have been taken to improve the profitability of the company and the directors are positive

about the trading prospects in the future.

The balance sheet also shows a net current liabilities of (£48,623) as at 31 May 2014. The directors do not

consider this as a cause for concern as sufficient support is available from other associated companies.

Furthermore included in current liabilities is £53,531 owed to Transition International Limited, a company under

common control.

In the light of the above and expected trading prospects for the future and continued support from other

associated companies, the directors consider that it is appropriate to prepare the financial statements on a going

concern basis.

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 April 2008).

Tangible fixed assets

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

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

Additions

18,797

At 31 May 2014

18,797

NET BOOK VALUE

At 31 May 2014

18,797

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 were issued during the period for cash of £ 2 .

4.	ULTIMATE PARENT COMPANY

There is no ultimate controlling party at the year end. Fondel Metals Limited and Fluid Maintenance Solutions

Limited each held 50% of the issued share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended

31 May 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

A H Accountancy Services

61a Blagden Street

Sheffield

South Yorkshire

S2 5QS

Date: .............................................