Company Registration No. 04112236 (England and Wales)
FEASIBILITY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
FEASIBILITY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FEASIBILITY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
29,092
10,114
Investments
2
16,667
25,000
45,759
35,114
Current assets
Debtors
137,252
332,782
Cash at bank and in hand
601,537
274,410
738,789
607,192
Creditors: amounts falling due within one year
(316,683)
(261,362)
Net current assets
422,106
345,830
Total assets less current liabilities
467,865
380,944
Capital and reserves
Called up share capital
3
1,470
1,470
Other reserves
1,476
1,476
Profit and loss account
464,919
377,998
Shareholders' funds
467,865
380,944
For the financial year ended 30 November 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 of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 March 2017
N Flavell
T Payton
Director
Director
Company Registration No. 04112236
FEASIBILITY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% Reducing Balance / 25% Straight Line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 December 2015
37,143
25,000
62,143
Additions
25,849
-
25,849
Revaluation
-
(8,333)
(8,333)
At 30 November 2016
62,992
16,667
79,659
Depreciation
At 1 December 2015
27,029
-
27,029
Charge for the year
6,871
-
6,871
At 30 November 2016
33,900
-
33,900
Net book value
At 30 November 2016
29,092
16,667
45,759
At 30 November 2015
10,114
25,000
35,114
FEASIBILITY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,466 Ordinary A of £1 each
1,466
1,466
4 Ordinary B of £1 each
4
4
1,470
1,470
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