REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
FOR |
FRESCHE SOLUTIONS LIMITED |
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
FOR |
FRESCHE SOLUTIONS LIMITED |
FRESCHE SOLUTIONS LIMITED (REGISTERED NUMBER: 01795263) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Report of the Accountants | 7 |
FRESCHE SOLUTIONS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
FRESCHE SOLUTIONS LIMITED (REGISTERED NUMBER: 01795263) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
FRESCHE SOLUTIONS LIMITED (REGISTERED NUMBER: 01795263) |
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2015 |
The financial statements were approved by the director on |
FRESCHE SOLUTIONS LIMITED (REGISTERED NUMBER: 01795263) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
Turnover and revenue recognition |
Turnover represents net invoiced sales of goods and services, excluding value added tax, adjusted for income deferred on |
maintenance contracts which is apportioned over the periods of the contracts. |
Service revenues are generated from the sale of maintenance, customisation, training and consulting performed for |
customers who license the company's software, as well as third party products. Revenue from maintenance services for |
licences previously sold is recognised pro rata over the maintenance period. Revenue from customisation, training and |
consulting services is recognised as the services are provided. |
Amounts received in advance of the delivery of products or execution of services are classified as deferred revenue. |
Tangible fixed assets |
Plant and machinery etc | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction |
though the annual average rate of exchange has been used to convert the trading transactions for the financial statements.. |
Exchange differences are taken into account in arriving at the operating result. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either |
financial assets, financial liabilities or equity instruments. An equity instrument is any contract which evidences a residual |
interest in the assets of the company after deducting all of its liabilities. |
Intergroup transactions |
Intergroup transactions are generally made at market values and the company receives royalties of 35 per cent of the sales |
values for generating sales of X-Analysis products on behalf of another group company. |
FRESCHE SOLUTIONS LIMITED (REGISTERED NUMBER: 01795263) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
DEPRECIATION |
At 1 April 2014 |
Charge for year |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 | 28,825 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Associated company |
Country of incorporation: India |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 49.00 |
31.3.15 | 31.3.14 |
£ | £ |
Aggregate capital and reserves | 60,295 | 48,598 |
Profit for the year | 11,697 | 10,559 |
FRESCHE SOLUTIONS LIMITED (REGISTERED NUMBER: 01795263) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | 1 |
FRESCHE SOLUTIONS LIMITED |
REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
FRESCHE SOLUTIONS LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited |
financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have been prepared. |
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2015 set out on pages nil to nil and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Chartered Accountants |
30 December 2015 |