Fastroute Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03039388

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

FASTROUTE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G R Cunningham

SECRETARY:

Mrs L R Cunningham

REGISTERED OFFICE:

C/o Partridge & Co

Wellington House

Aylesbury Road

Princes Risbough

Buckinghamshire

HP27 0JP

REGISTERED NUMBER:

03039388

ACCOUNTANTS:

Partridges Accountancy Services Limited

Chartered Certified Accountants

Wellington House

Aylesbury Road

Princes Risborough

Buckinghamshire

HP27 0JP

BANKERS:

National Westminster Bank plc

5 Fore Street

Bodmin

Cornwall

PL31 2HX

FIXED ASSETS

Tangible assets

2

85,419

106,474

CURRENT ASSETS

Stocks

8,000

-

Debtors

3,068

4,632

Cash at bank

802

40,836

11,870

45,468

CREDITORS

Amounts falling due within one year

50,442

58,163

NET CURRENT LIABILITIES

(38,572

)

(12,695

)

TOTAL ASSETS LESS CURRENT LIABILITIES

46,847

93,779

PROVISIONS FOR LIABILITIES

1,681

6,295

NET ASSETS

45,166

87,484

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

45,164

87,482

SHAREHOLDERS' FUNDS

45,166

87,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 30 November 2016 and were signed by:

G R Cunningham - 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 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.

Plant and machinery etc

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

127,003

Additions

2,681

Disposals

(26,812

)

At 30 November 2015

102,872

DEPRECIATION

At 1 December 2014

20,529

Charge for year

4,564

Eliminated on disposal

(7,640

)

At 30 November 2015

17,453

NET BOOK VALUE

At 30 November 2015

85,419

At 30 November 2014

106,474

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

£

2

Ordinary

1

2

2

4.	RELATED PARTY DISCLOSURES