First Option Technologies Ltd

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Registered number: 06340086

Abbreviated accounts

For The Year Ended 31 January 2016

First Option Technologies Ltd

Company No. 06340086

Abbreviated Balance Sheet 31 January 2016

Abbreviated Balance Sheet

		31 January 2016		Period to 31 January 2015
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors		128,390		53,912
Cash at bank and in hand		52,021		134,197

		180,411		188,109
Creditors: Amounts Falling Due Within One Year		(103,038 )		(110,939 )

NET CURRENT ASSETS (LIABILITIES)			77,373		77,170

TOTAL ASSETS LESS CURRENT LIABILITIES			77,373		77,170

NET ASSETS			77,373		77,170

CAPITAL AND RESERVES
Called up share capital	3		200		200
Profit and Loss Account			77,173		76,970

SHAREHOLDERS' FUNDS			77,373		77,170

For the year ending 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Timothy Considine

31/01/2017

First Option Technologies Ltd

Notes to the Abbreviated Accounts

For The Year Ended 31 January 2016

Notes to the Abbreviated Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

3 years

2. Tangible Assets


	Total
Cost	£
As at 1 February 2015	18,989

As at 31 January 2016	18,989

Depreciation
As at 1 February 2015	18,989

As at 31 January 2016	18,989

Net Book Value
As at 31 January 2016	-

As at 1 February 2015	-

3. Share Capital

	Value	Number	31 January 2016	Period to 31 January 2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	200	200	200

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