Abbreviated Company Accounts - FIRST UNIVERSAL ENTERPRISES LIMITED

FIRST UNIVERSAL ENTERPRISES LIMITED - Company Information

Registered Number 06738318

FIRST UNIVERSAL ENTERPRISES LIMITED

Abbreviated Accounts

31 March 2016

FIRST UNIVERSAL ENTERPRISES LIMITED Registered Number 06738318

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	23,680	20,420
		23,680	20,420
Current assets
Debtors		42,186	22,847
Cash at bank and in hand		9,534	28,693
		51,720	51,540
Creditors: amounts falling due within one year		(62,563)	(92,721)
Net current assets (liabilities)		(10,843)	(41,181)
Total assets less current liabilities		12,837	(20,761)
Total net assets (liabilities)		12,837	(20,761)
Reserves
Income and expenditure account		12,837	(20,761)
Members' funds		12,837	(20,761)

For the year ending 31 March 2016 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 30 December 2016

And signed on their behalf by:
Collin Bernard, Director

FIRST UNIVERSAL ENTERPRISES LIMITED Registered Number 06738318

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
All material incoming resources have been included on a receivable basis - i.e. they are included if the date receivable falls within the period covered by these accounts.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates to write off each asset over its estimated useful life. Fixtures & Fittings - 15% on cost, IT Equipment 33.33% on cost & Motor Vehicles - 33.33 % on cost

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2015	44,269
Additions	15,594
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	59,863
Depreciation
At 1 April 2015	23,849
Charge for the year	12,334
On disposals	-
At 31 March 2016	36,183
Net book values
At 31 March 2016	23,680
At 31 March 2015	20,420