Fibre Management Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 06584791 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

FIBRE MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Loughney

V Loughney

SECRETARY:

M J Loughney

REGISTERED OFFICE:

Unit 15, No. 2

Bulrushes Business Park

Coombe Hill Road

East Grinstead

West Sussex

RH19 4LZ

BUSINESS ADDRESS:

Unit 3

Bulrushes Farm Business Park

Coombe Hill Road

East Grinstead

West Sussex

RH19 4LZ

REGISTERED NUMBER:

06584791 (England and Wales)

ACCOUNTANTS:

Hockley Wright & Co Limited

Unit 15, No.2

Bulrushes Business Park

Coombe Hill Road

East Grinstead

West Sussex

RH19 4LZ

FIXED ASSETS

Tangible assets

5

73,799

73,479

CURRENT ASSETS

Debtors

6

161,157

121,436

Cash at bank and in hand

140,277

95,820

301,434

217,256

CREDITORS

Amounts falling due within one year

7

146,217

120,211

NET CURRENT ASSETS

155,217

97,045

TOTAL ASSETS LESS CURRENT LIABILITIES

229,016

170,524

CREDITORS

Amounts falling due after more than one year

8

41,151

32,598

NET ASSETS

187,865

137,926

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

187,765

137,826

SHAREHOLDERS' FUNDS

187,865

137,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 June 2017 and were signed on its behalf by:

M J Loughney - Director

V Loughney - Director

1.	STATUTORY INFORMATION

Fibre Management Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There have been no material departures from FRS102.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates

and laws that have been enacted or substantively enacted by the year end and that are expected to apply to

the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of

the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Change in basis of accounting

The company has transferred from previously extant UK GAAP to FRS 102 as at 1 April 2016. The transition

has resulted in certain presentational changes, which are disclosed in Note 12 to the financial statements.

However, there is no impact on the reported financial position and financial performance.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

17,568

77,267

24,546

119,381

Additions

42,535

-

794

43,329

Disposals

-

(15,729

)

-

(15,729

)

At 31 March 2017

60,103

61,538

25,340

146,981

DEPRECIATION

At 1 April 2016

6,688

23,249

15,965

45,902

Charge for year

15,026

15,385

4,734

35,145

Eliminated on disposal

-

(7,865

)

-

(7,865

)

At 31 March 2017

21,714

30,769

20,699

73,182

NET BOOK VALUE

At 31 March 2017

38,389

30,769

4,641

73,799

At 31 March 2016

10,880

54,018

8,581

73,479

Included in the net book value of motor vehicles above, is £53,419 (2016 £46,153) relating to assets held

under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

148,494

109,320

Other debtors

10,661

10,176

Prepayments and accrued income

2,002

1,940

161,157

121,436

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

17,847

10,758

Tax

34,803

41,656

Social security and other taxes

8,131

12,545

VAT

42,673

50,838

Directors' current accounts

853

695

Accruals and deferred income

41,910

3,719

146,217

120,211

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

41,151

32,598

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

11.	TRANSITION TO FRS 102

This is the first year that the company has presented its financial statements under FRS 102. There were no

changes to the previously stated equity at 1 April 2016 as a result of the transition and no changes to the

profit previously reported for the year ended 31 March 2016. However, transition has resulted in some

presentational changes.