Forza Win Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08139139 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

FORZA WIN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Directors:

A R M Lambeth

S Redford

Registered office:

Unit B

119 Lewisham Way

London

SE14 6QJ

Registered number:

08139139 (England and Wales)

Accountants:

Norwoods

Suite 19

Maple Court

Grove Park

Maidenhead

Berkshire

SL6 3LW

FIXED ASSETS

Tangible assets

2

22,727

25,739

CURRENT ASSETS

Stocks

2,843

-

Debtors

15,207

-

Cash at bank and in hand

1,181

21,512

19,231

21,512

CREDITORS

Amounts falling due within one year

3

62,219

41,535

NET CURRENT LIABILITIES

(42,988

)

(20,023

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,261

)

5,716

CREDITORS

Amounts falling due after more than one year

3

4,145

9,375

NET LIABILITIES

(24,406

)

(3,659

)

CAPITAL AND RESERVES

Called up share capital

4

1

120

Profit and loss account

(24,407

)

(3,779

)

SHAREHOLDERS' FUNDS

(24,406

)

(3,659

)

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 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 15 December 2016 and were signed on its behalf by:

S Redford - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on a going concern basis on the understanding that the trade will continue

over the next 12 months with the financial support of the directors.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2015

36,109

Additions

7,970

At 31 March 2016

44,079

Depreciation

At 1 April 2015

10,370

Charge for year

10,982

At 31 March 2016

21,352

Net book value

At 31 March 2016

22,727

At 31 March 2015

25,739

3.

CREDITORS

Creditors include an amount of £ 9,512 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

120

Ordinary

8.33p

1

120