Absolute Fire Consultancy Ltd - Period Ending 2016-03-31

Absolute Fire Consultancy Ltd

Unaudited abbreviated accounts

for the year ended 31 March 2016

Absolute Fire Consultancy Ltd
Contents

Abbreviated balance sheet

1 to 2

Notes to the abbreviated accounts

3 to 4

Absolute Fire Consultancy Ltd
(Registration number: 05993736)
Abbreviated balance sheet at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	370	765
Current assets
Debtors		-	83,645
Cash at bank and in hand		70,805	235,284
		70,805	318,929
Creditors: amounts falling due within one year		(42,221)	(115,843)
Net current assets		28,584	203,086
Net assets		28,954	203,851
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		28,854	203,751
Shareholders' funds		28,954	203,851

The notes on pages 3 to 4 form an integral part of these abbreviated accounts.
Page 1

Absolute Fire Consultancy Ltd
(Registration number: 05993736)
Abbreviated balance sheet at 31 March 2016
......... continued

For the year ending 31 March 2016 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the board on 1 December 2016 and signed on its behalf by:

Mrs J I Richardson
Director

Mr A S Richardson
Director

The notes on pages 3 to 4 form an integral part of these abbreviated accounts.
Page 2

Absolute Fire Consultancy Ltd
Notes to the abbreviated accounts for the year ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents the value of services, net of value added tax, provided to customers. Turnover is recognised in the period in which the services were provided.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation rate and method
Fixtures and fittings	25% Straight line
Office equipment	33% Straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to pay less tax, or a right to receive repayments of tax. Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Absolute Fire Consultancy Ltd
Notes to the abbreviated accounts for the year ended 31 March 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	5,056	5,056
At 31 March 2016	5,056	5,056
Depreciation
At 1 April 2015	4,291	4,291
Charge for the year	395	395
At 31 March 2016	4,686	4,686
Net book value
At 31 March 2016	370	370
At 31 March 2015	765	765

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary A shares of £ 1 each		50	50		50	50
Ordinary B shares of £ 1 each		50	50		50	50
		100	100		100	100

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