Fastgrand Ltd - Accounts to registrar (filleted) - small 18.2

Fastgrand Ltd - Accounts to registrar (filleted) - small 18.2

FASTGRAND LTD - Company Information

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REGISTERED NUMBER: 03554565 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

FASTGRAND LTD
FASTGRAND LTD (REGISTERED NUMBER: 03554565)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


FASTGRAND LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







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
Page 1
FASTGRAND LTD (REGISTERED NUMBER: 03554565)

ABRIDGED BALANCE SHEET
31 JANUARY 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,476 12,853

CURRENT ASSETS
Debtors 1,531,699 667,888
Cash at bank 239,397 74,420
1,771,096 742,308
CREDITORS
Amounts falling due within one year 1,595,220 569,159
NET CURRENT ASSETS 175,876 173,149
TOTAL ASSETS LESS CURRENT
LIABILITIES
186,352
186,002

CAPITAL AND RESERVES
Called up share capital 5 4 4
Retained earnings 6 186,348 185,998
SHAREHOLDERS' FUNDS 186,352 186,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 Income Statement and an abridged Balance Sheet for the year ended 31 January 2018 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 31 January 2019 and were signed on its behalf by:





Y Deutsch - Director


The notes form part of these financial statements

Page 2
FASTGRAND LTD (REGISTERED NUMBER: 03554565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

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.

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 2 (2017 - 12 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2017 42,331
Additions 1,510
At 31 January 2018 43,841
DEPRECIATION
At 1 February 2017 29,478
Charge for year 3,887
At 31 January 2018 33,365
NET BOOK VALUE
At 31 January 2018 10,476
At 31 January 2017 12,853

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.18 31.1.17
value: £    £   
4 Ordinary £1 4 4

Page 3 continued...
FASTGRAND LTD (REGISTERED NUMBER: 03554565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

6. RESERVES
Retained
earnings
£   

At 1 February 2017 185,998
Profit for the year 120,350
Dividends (120,000 )
At 31 January 2018 186,348

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the directors .

Mr B Hoffman £30,000
Mr Y Deutsch £30,000

Page 4