Foremist Computing Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03488410 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2017

for

Foremist Computing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Nicholls

REGISTERED OFFICE:

25 South Copse

East Hunsbury

Northampton

Northamptonshire

NN4 0RY

REGISTERED NUMBER:

03488410 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

1 Billing Road

Northampton

Northamptonshire

NN1 5AL

FIXED ASSETS

Tangible assets

4

182

255

CURRENT ASSETS

Debtors

5

7,422

-

Cash at bank

13,299

13,173

20,721

13,173

CREDITORS

Amounts falling due within one year

6

12,433

11,559

NET CURRENT ASSETS

8,288

1,614

TOTAL ASSETS LESS CURRENT LIABILITIES

8,470

1,869

PROVISIONS FOR LIABILITIES

36

51

NET ASSETS

8,434

1,818

CAPITAL AND RESERVES

Called up share capital

7

10

2

Retained earnings

8,424

1,816

SHAREHOLDERS' FUNDS

8,434

1,818

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 director acknowledges his 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 director on 19 December 2017 and were signed by:

Mr D Nicholls - Director

1.	STATUTORY INFORMATION

Foremist Computing 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

and 31 March 2017

3,112

DEPRECIATION

At 1 April 2016

2,857

Charge for year

73

At 31 March 2017

2,930

NET BOOK VALUE

At 31 March 2017

182

At 31 March 2016

255

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments and accrued income

7,422

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

6,666

4,340

Social security and other taxes

-

10

VAT

2,948

-

Directors' current accounts

1,319

5,959

Accrued expenses

1,500

1,250

12,433

11,559

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

10

ordinary

£1

10

2

(2016 - 2 )

8 ordinary shares of £1 were issued during the year for cash of £ 8 .

8.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102. The last financial statements under

previous UK GAAP were for the year ended 31 March 2016. The date of transition to FRS 102 was 1 April 2015. The

transition to FRS 102 did not result in any changes in accounting policies and so there are no differences between the

profit for the financial year ended 31 March 2016 and the total equity as at 1 April 2015 and 31 March 2016 under UK

GAAP as previously reported and FRS 102.