Foremost International Group Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06683397 (England and Wales)

FOREMOST INTERNATIONAL GROUP LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J E Hirst

REGISTERED OFFICE:

103 Forest Way

Christchurch

Dorset

BH23 4PU

REGISTERED NUMBER:

06683397 (England and Wales)

ACCOUNTANTS:

LMC Corporate Accounting Services Limited

Chartered Certified Accountants

103 Forest Way, Highcliffe

Christchurch

Dorset

BH23 4PU

FIXED ASSETS

Tangible assets

2

4,462

1,162

CURRENT ASSETS

Debtors

9,748

-

Cash at bank and in hand

225,159

144,601

234,907

144,601

CREDITORS

Amounts falling due within one year

58,622

48,921

NET CURRENT ASSETS

176,285

95,680

TOTAL ASSETS LESS CURRENT
LIABILITIES

180,747

96,842

PROVISIONS FOR LIABILITIES

890

230

NET ASSETS

179,857

96,612

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

179,757

96,512

SHAREHOLDERS' FUNDS

179,857

96,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 30 June 2016 and were signed by:

J E Hirst - 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 commission receivable, recognised when the company obtains the right to consideration.

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% on reducing balance and 15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

3,483

Additions

5,273

At 29 February 2016

8,756

DEPRECIATION

At 1 March 2015

2,321

Charge for year

1,973

At 29 February 2016

4,294

NET BOOK VALUE

At 29 February 2016

4,462

At 28 February 2015

1,162

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100