Fastgrand Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03554565 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 MAY 2015 TO 31 JANUARY 2016

FOR

FASTGRAND LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs A Deutsch

SECRETARY:

Mrs A Deutsch

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

03554565 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

2

8,158

8,442

CURRENT ASSETS

Debtors

108,864

66,267

Investments

-

1,734

Cash at bank

134,691

70,831

243,555

138,832

CREDITORS

Amounts falling due within one year

121,874

77,534

NET CURRENT ASSETS

121,681

61,298

TOTAL ASSETS LESS CURRENT
LIABILITIES

129,839

69,740

CAPITAL AND RESERVES

Called up share capital

3

2

1

Profit and loss account

129,837

69,739

SHAREHOLDERS' FUNDS

129,839

69,740

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 25 January 2017 and were signed by:

Y Deutsch - 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.

Improvements to property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

31,312

Additions

1,367

At 31 January 2016

32,679

DEPRECIATION

At 1 May 2015

22,870

Charge for period

1,651

At 31 January 2016

24,521

NET BOOK VALUE

At 31 January 2016

8,158

At 30 April 2015

8,442

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

30.4.15

value:

£

2

Ordinary

£1

2

1

(30.4.15 - 1 )

1 Ordinary share of £1 was issued during the period for cash of £ 1 .