Registered number
05387418
72 Degrees Limited
Abbreviated Accounts
31 March 2016
TYRRELL PROCTER
Chartered Accountants
Beaufort House
113 Parson Street
Bristol
BS3 5QH
72 Degrees Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of 72 Degrees Limited for the year ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of 72 Degrees Limited for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of 72 Degrees Limited, as a body, in accordance with the terms of our engagement letter dated 2 September 2014. Our work has been undertaken solely to prepare for your approval the accounts of 72 Degrees Limited and state those matters that we have agreed to state to the Board of Directors of 72 Degrees Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 72 Degrees Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 72 Degrees Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 72 Degrees Limited. You consider that 72 Degrees Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 72 Degrees Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.
TYRRELL PROCTER
Chartered Accountants
Beaufort House
113 Parson Street
Bristol
BS3 5QH
30 December 2016
72 Degrees Limited
Registered number: 05387418
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Current assets
Cash at bank and in hand 2,151 1,439
Creditors: amounts falling due within one year (7,861) (6,575)
Net current liabilities (5,710) (5,136)
Net liabilities (5,710) (5,136)
Capital and reserves
Called up share capital 2 1,000 1,000
Profit and loss account (6,710) (6,136)
Shareholder's funds (5,710) (5,136)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Kirsten Deacon
Director
Approved by the board on 30 December 2016
72 Degrees Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
2 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1,000 1,000 1,000
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