Faccts Limited - Accounts to registrar - small 17.2
Faccts Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| FACCTS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 DECEMBER 2016 |
| FACCTS LIMITED (REGISTERED NUMBER: 07873572) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2016 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| Report of the accountants | 5 |
| FACCTS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 December 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Lygon House |
| 50 London Road |
| Bromley |
| Kent |
| BR1 3RA |
| FACCTS LIMITED (REGISTERED NUMBER: 07873572) |
| BALANCE SHEET |
| 31 December 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 |
| FACCTS LIMITED (REGISTERED NUMBER: 07873572) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| Faccts Limited is a |
| and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 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 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. |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Other debtors |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| FACCTS LIMITED (REGISTERED NUMBER: 07873572) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2016 |
| 5. | RELATED PARTY DISCLOSURES |
| As at 31 December 2016 the company owed the directors the sum of £17,550 (2015 - £264,616). |
| 6. | FIRST YEAR ADOPTION |
| The company has adopted FRS 102 for the year ended 31 December 2016. Whilst the transition to FRS 102 from old UK |
| GAAP has had no effect on the Company's reported financial position or financial performance as at 1 January 2015 or 31 |
| December 2015, there have been several presentational differences which are reflected in these financial statements. No |
| transitional provisions on conversion to FRS 102 have been applied. |
| FACCTS LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| FACCTS LIMITED |
| The following reproduces the text of the report prepared for the directors and members in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance |
| sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the |
| directors are not required to be filed with the Registrar of Companies. |
| As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages three to six and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Chartered Accountants |
| Lygon House |
| 50 London Road |
| Bromley |
| Kent |
| BR1 3RA |