Foremist Computing Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03488410 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2016

for

Foremist Computing Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr D Nicholls

REGISTERED OFFICE:

25 South Copse

East Hunsbury

Northampton

Northants

NN4 0RY

REGISTERED NUMBER:

03488410 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

FIXED ASSETS

Tangible assets

2

255

340

CURRENT ASSETS

Debtors

-

60

Cash at bank

13,173

14,249

13,173

14,309

CREDITORS

Amounts falling due within one year

11,559

14,056

NET CURRENT ASSETS

1,614

253

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,869

593

PROVISIONS FOR LIABILITIES

51

68

NET ASSETS

1,818

525

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,816

523

SHAREHOLDERS' FUNDS

1,818

525

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 16 December 2016 and were signed by:

Mr D Nicholls - 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 services, 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.

Computer equipment

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

3,112

DEPRECIATION

At 1 April 2015

2,772

Charge for year

85

At 31 March 2016

2,857

NET BOOK VALUE

At 31 March 2016

255

At 31 March 2015

340

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

2

ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £5,959 (2015 £6,969) owed to Mr D Nicholls, the director, from the company.

The loan is unsecured, interest free and there are no set terms of repayment.