Fastgrand Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03554565 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

FASTGRAND LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Y Deutsch

B Hoffman

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

4

12,853

8,158

CURRENT ASSETS

Debtors

667,888

108,864

Cash at bank

74,420

134,691

742,308

243,555

CREDITORS

Amounts falling due within one year

542,159

121,874

NET CURRENT ASSETS

200,149

121,681

TOTAL ASSETS LESS CURRENT LIABILITIES

213,002

129,839

CAPITAL AND RESERVES

Called up share capital

5

4

2

Retained earnings

6

212,998

129,837

SHAREHOLDERS' FUNDS

213,002

129,839

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 November 2017 and were signed on its behalf by:

Y Deutsch - Director

1.	STATUTORY INFORMATION

Fastgrand Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Transition to financial reporting standards 102

The company has adopted FRS 102 Section 1A for the first time in the preparation of these accounts.

Accordingly the date of transition to FRS 102 was 1 February 2015 (beginning of the accounting period of

comparative financial year).

There are no material differences in determining the company's profit and loss under FRS 102 Section 1A and

the previous framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective

January 2015)).

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.

Improvements to property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2016

32,679

Additions

9,652

At 31 January 2017

42,331

DEPRECIATION

At 1 February 2016

24,521

Charge for year

4,957

At 31 January 2017

29,478

NET BOOK VALUE

At 31 January 2017

12,853

At 31 January 2016

8,158

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.17

31.1.16

value:

£

£

4

Ordinary

£1

4

2

(31.1.16 - 2 )

2 Ordinary shares of £1 were issued during the year for cash of £ 2 .

6.

RESERVES

Retained

earnings

£

At 1 February 2016

129,837

Profit for the year

128,161

Dividends

(45,000

)

At 31 January 2017

212,998