FENCEBAY LIMITED - Filleted accounts

FENCEBAY LIMITED
Registered number:		SC245553
Balance Sheet
as at 31 March 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		4,768			6,480

Current assets
Stocks		4,500			4,500
Debtors	3	7,925			1,700
Cash at bank and in hand		8,663			14,317
		21,088			20,517

Creditors: amounts falling due within one year	4	(15,337)			(7,684)

Net current assets			5,751			12,833

Net assets			10,519			19,313

Capital and reserves
Called up share capital			2			2
Profit and loss account			10,517			19,311

Shareholder's funds			10,519			19,313

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Thomas Campbell
Director
Approved by the board on 20 June 2017

FENCEBAY LIMITED
Notes to the Accounts
for the year ended 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland for small companies.

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Revenue is recognised when it is invoiced

	Tangible fixed assets
	Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 4 years
	Motor Vehicles	over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.


2	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2016				29,065
	At 31 March 2017				29,065

	Depreciation
	At 1 April 2016				22,585
	Charge for the year				1,712
	At 31 March 2017				24,297

	Net book value
	At 31 March 2017				4,768
	At 31 March 2016				6,480




3	Debtors		2017		2016
£				£

	Trade debtors		3,963		1,700
	Other debtors		3,962		-
			7,925		1,700


4	Creditors: amounts falling due within one year		2017		2016
£				£

	Trade creditors		7,167		2,198
	Directors current account		-		2,000
	Other taxes and social security costs		4,680		2,236
	Other creditors		3,490		1,250
			15,337		7,684


5	Other information

	FENCEBAY LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
	34 Findhorn Road
	INVERKIP
	PA16 0HX

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