POSITION_FOCUS_LIMITED - Accounts

POSITION FOCUS LIMITED - Company Information

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Company Registration No. 04483863 (England and Wales)

POSITION FOCUS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

POSITION FOCUS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

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2014

2013

Notes

Fixed assets

Tangible assets

865

961

Current assets

Debtors

8,903

3,600

Cash at bank and in hand

10,337

8,426

19,240

12,026

Creditors: amounts falling due within one year

(4,170)

(7,311)

Net current assets

15,070

4,715

Total assets less current liabilities

15,935

5,676

Capital and reserves

Called up share capital

Profit and loss account

15,934

5,675

Shareholders' funds

15,935

5,676

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 December 2014

B Crowley

Director

Company Registration No. 04483863

POSITION FOCUS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

2,556

Depreciation

At 1 April 2013

1,595

Charge for the year

At 31 March 2014

1,691

Net book value

At 31 March 2014

865

At 31 March 2013

961

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary share of £1 each

POSITION FOCUS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

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Related party relationships and transactions

Other transactions

The company traded with the company 2able Limited, which is 50% owned by director B Crowley, who is also a director of that company. Position Focus Limited invoiced to 2able Ltd £19,250 (2013: £19,250).