Abbreviated Company Accounts - FINANCIAL MANAGEMENT TECHNOLOGY SERVICES LIMITED

Abbreviated Company Accounts - FINANCIAL MANAGEMENT TECHNOLOGY SERVICES LIMITED

FINANCIAL MANAGEMENT TECHNOLOGY SERVICES LIMITED - Company Information

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Registered Number 02101775

FINANCIAL MANAGEMENT TECHNOLOGY SERVICES LIMITED

Abbreviated Accounts

30 April 2014

FINANCIAL MANAGEMENT TECHNOLOGY SERVICES LIMITED Registered Number 02101775

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,897 4,120
Investments 3 100 100
2,997 4,220
Current assets
Debtors 169 39,829
Cash at bank and in hand 544,872 515,220
545,041 555,049
Creditors: amounts falling due within one year (333,105) (339,661)
Net current assets (liabilities) 211,936 215,388
Total assets less current liabilities 214,933 219,608
Total net assets (liabilities) 214,933 219,608
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 213,933 218,608
Shareholders' funds 214,933 219,608
  • For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 January 2015

And signed on their behalf by:
Mr J C Bentley, Director

FINANCIAL MANAGEMENT TECHNOLOGY SERVICES LIMITED Registered Number 02101775

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

2Tangible fixed assets
£
Cost
At 1 May 2013 14,724
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2014 14,724
Depreciation
At 1 May 2013 10,604
Charge for the year 1,223
On disposals -
At 30 April 2014 11,827
Net book values
At 30 April 2014 2,897
At 30 April 2013 4,120

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:

Computer equipment 33% straight line
Fixtures, fittings and equipment 15% straight line

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.