Company Registration No. 06963784 (England and Wales)
ABSOLUTEFOOTY.COM LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
ABSOLUTEFOOTY.COM LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABSOLUTEFOOTY.COM LTD
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Stocks
560
7,951
Debtors
-
140
560
8,091
Creditors: amounts falling due within one year
(33,785)
(44,282)
Total assets less current liabilities
(33,225)
(36,191)
Capital and reserves
Called up share capital
2
102
102
Profit and loss account
(33,327)
(36,293)
Shareholders' funds
(33,225)
(36,191)
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 April 2016
Mr D A Williamson
Director
Company Registration No. 06963784
ABSOLUTEFOOTY.COM LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The accounts have been prepared on a going concern basis as the company is being financed by a loan from the shareholder and director, Mr D Williamson. These loans have no set date for repayment and are interest free. Mr Williamson has confirmed that he has no intention of withdrawing this source of finance in the foreseeable future.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
102 ordinary shares of £1 each
102
102