Fast Front Systems Ltd Trading as The Copy Centre - Period Ending 2016-05-14

Registration number: 02684005

Fast Front Systems Ltd Trading as The Copy Centre

Unaudited Abbreviated Accounts

for the Period from 1 March 2015 to 14 May 2016

 

Fox Jennings Cullen
Accountants & Business Advisers
Tarn House
77 High Street
Yeadon
Leeds
West Yorkshire
LS19 7SP

Fast Front Systems Ltd Trading as The Copy Centre
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Fast Front Systems Ltd Trading as The Copy Centre
(Registration number: 02684005)
Abbreviated Balance Sheet at 14 May 2016

		Note			14 May 2016 £			28 February 2015 £
Fixed assets
Tangible fixed assets					-			9,401
Current assets
Stocks					-			5,249
Debtors					184			4,112
Cash at bank and in hand					33,385			39,263
					33,569			48,624
Creditors: Amounts falling due within one year					(6,710)			(6,082)
Net current assets					26,859			42,542
Net assets					26,859			51,943
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					26,857			51,941
Shareholders' funds					26,859			51,943

For the year ending 14 May 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 28 September 2016 and signed on its behalf by:

.........................................
 Mrs J Edwards
 Director

.........................................
 Miss T C Hogg
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Fast Front Systems Ltd Trading as The Copy Centre
Notes to the Abbreviated Accounts for the Period from 1 March 2015 to 14 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% straight line

Deferred tax

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 required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Fast Front Systems Ltd Trading as The Copy Centre
Notes to the Abbreviated Accounts for the Period from 1 March 2015 to 14 May 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		64,453			64,453
Additions		1,733			1,733
Disposals		(66,186)			(66,186)
At 14 May 2016		-			-
Depreciation
At 1 March 2015		55,052			55,052
Charge for the period		4,233			4,233
Eliminated on disposals		(59,285)			(59,285)
At 14 May 2016		-			-
Net book value
At 14 May 2016		-			-
At 28 February 2015		9,401			9,401

3	Share capital

Allotted, called up and fully paid shares

	14 May 2016						28 February 2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 3