Fastrackcad Ltd - Period Ending 2014-02-28

Registration number: 05936507

Fastrackcad Ltd

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2014
 

Schonhut Carr & Co.
Chartered Accountants
Thames House
Mayo Road
Walton on Thames
Surrey
KT12 2QA

Fastrackcad Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Fastrackcad Ltd
(Registration number: 05936507)
Abbreviated Balance Sheet at 28 February 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					229			459
Current assets
Debtors					4,031			26,335
Cash at bank and in hand					51,176			37,248
					55,207			63,583
Creditors: Amounts falling due within one year					(9,976)			(4,185)
Net current assets					45,231			59,398
Net assets					45,460			59,857
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					44,460			58,857
Shareholders' funds					45,460			59,857

For the year ending 28 February 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 4 November 2014

.........................................
Mr T Holding
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Fastrackcad Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

Depreciation

Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life.

Asset class	Depreciation method and rate
Computer equipment	33% on cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2013		689			689
At 28 February 2014		689			689
Depreciation
At 1 March 2013		230			230
Charge for the year		230			230
At 28 February 2014		460			460
Net book value
At 28 February 2014		229			229
At 28 February 2013		459			459

Page 2

Fastrackcad Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary £1 shares of £1 each		1,000			1,000			1,000			1,000

Page 3