Fourquarters Information Solutions Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04759911 (England and Wales)

FOURQUARTERS INFORMATION SOLUTIONS LTD

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Kreps

REGISTERED OFFICE:

Technology House

Lissadel Street

Salford

M6 6AP

REGISTERED NUMBER:

04759911 (England and Wales)

ACCOUNTANTS:

Whitehead & Co

Chartered Accountants

Registered Auditor

40 Lord Street

Stockport

Cheshire

SK1 3NA

BANKERS:

The Cooperative Bank Plc

PO Box 101

1 Balloon Street

Manchester

M60 4EP

FIXED ASSETS

Tangible assets

2

2,039

511

CURRENT ASSETS

Debtors

997

1,977

Cash at bank

7,592

2,423

8,589

4,400

CREDITORS

Amounts falling due within one year

5,427

3,134

NET CURRENT ASSETS

3,162

1,266

TOTAL ASSETS LESS CURRENT LIABILITIES

5,201

1,777

CAPITAL AND RESERVES

Called up share capital

3

980

980

Profit and loss account

4,221

797

SHAREHOLDERS' FUNDS

5,201

1,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 January 2017 and were signed by:

D Kreps - 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 and 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.

Plant and machinery etc

-

33.33% on cost and 25% on cost

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 June 2015

3,068

Additions

3,057

Disposals

(1,481

)

At 31 May 2016

4,644

DEPRECIATION

At 1 June 2015

2,557

Charge for year

1,529

Eliminated on disposal

(1,481

)

At 31 May 2016

2,605

NET BOOK VALUE

At 31 May 2016

2,039

At 31 May 2015

511

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

980

Ordinary

£1

980

980

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Kreps.