Abbreviated Company Accounts - 1ST ONLINE SOLUTIONS LIMITED

07082485 1ST ONLINE SOLUTIONS LIMITED 2016-03-30 false 2015-03-31 2016-03-30 true 07082485 2015-03-31 2016-03-30 07082485 2016-03-30 07082485 2015-03-30 07082485 uk-gaap-cd-bus:Director1 2015-03-31 2016-03-30 07082485 uk-gaap-cd-bus:Director2 2015-03-31 2016-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 2016-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-30 iso4217:GBP shares

Registered Number 07082485

1ST ONLINE SOLUTIONS LIMITED

Abbreviated Accounts

30 March 2016

1ST ONLINE SOLUTIONS LIMITED Registered Number 07082485

Abbreviated Balance Sheet as at 30 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	22,366	26,839
Tangible assets	3	373,273	172,611
		395,639	199,450
Current assets
Stocks		10,583	23,333
Debtors		282,651	149,455
Cash at bank and in hand		553,453	445,039
		846,687	617,827
Creditors: amounts falling due within one year		(840,793)	(600,804)
Net current assets (liabilities)		5,894	17,023
Total assets less current liabilities		401,533	216,473
Creditors: amounts falling due after more than one year		(250,579)	(143,856)
Provisions for liabilities		(64,925)	(33,600)
Total net assets (liabilities)		86,029	39,017
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		85,929	38,917
Shareholders' funds		86,029	39,017

For the year ending 30 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 December 2016

And signed on their behalf by:
Mr R Sovndahl, Director

1ST ONLINE SOLUTIONS LIMITED Registered Number 07082485

Notes to the Abbreviated Accounts for the period ended 30 March 2016

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
The turnover and profit before taxation is attributable to the one principal activity of the company.

Tangible assets depreciation policy
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 25 % straight line
Computer equipment 25% straight line
Fixtures, fittings & equipment 25% straight line
Motor vehicles 25% straight line

2Intangible fixed assets

	£
Cost
At 31 March 2015	44,731
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 March 2016	44,731
Amortisation
At 31 March 2015	17,892
Charge for the year	4,473
On disposals	-
At 30 March 2016	22,365
Net book values
At 30 March 2016	22,366
At 30 March 2015	26,839

3Tangible fixed assets

	£
Cost
At 31 March 2015	303,268
Additions	330,351
Disposals	(9,346)
Revaluations	-
Transfers	-
At 30 March 2016	624,273
Depreciation
At 31 March 2015	130,657
Charge for the year	123,840
On disposals	(3,497)
At 30 March 2016	251,000
Net book values
At 30 March 2016	373,273
At 30 March 2015	172,611

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100