Finish Tech Limited - Limited company accounts 11.4

REGISTERED NUMBER: 08170910 (England and Wales)

FINISH TECH LIMITED

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

L A Niven

SECRETARY:

REGISTERED OFFICE:

87 North Road

Poole

Dorset

BH14 0LT

REGISTERED NUMBER:

08170910 (England and Wales)

ACCOUNTANTS:

The Accounting Bureau Ltd

87 North Road

Poole

Dorset

BH14 0LT

The director presents his report with the financial statements of the company for the year ended 31 August 2014.

DIRECTOR

L A Niven held office during the whole of the period from 1 September 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

L A Niven - Director

30 January 2015

TURNOVER

44,632

41,000

Administrative expenses

3,248

4,386

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

41,384

36,614

Tax on profit on ordinary activities

3

8,277

7,323

PROFIT FOR THE FINANCIAL YEAR

33,107

29,291

CURRENT ASSETS

Debtors

5

-

17,500

Cash at bank

21,134

19,694

21,134

37,194

CREDITORS

Amounts falling due within one year

6

8,276

7,443

NET CURRENT ASSETS

12,858

29,751

TOTAL ASSETS LESS CURRENT LIABILITIES

12,858

29,751

ACCRUALS AND DEFERRED INCOME

7

360

360

NET ASSETS

12,498

29,391

CAPITAL AND RESERVES

Called up share capital

8

100

100

Profit and loss account

9

12,398

29,291

SHAREHOLDERS' FUNDS

12,498

29,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 30 January 2015 and were signed by:

L A Niven - Director

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

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

Period

7/8/12

Year Ended

to

31/8/14

31/8/13

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

Period

7/8/12

Year Ended

to

31/8/14

31/8/13

£

£

Current tax:

UK corporation tax

8,277

7,323

Tax on profit on ordinary activities

8,277

7,323

4.

DIVIDENDS

Period

7/8/12

Year Ended

to

31/8/14

31/8/13

£

£

Ordinary shares of 1.00 each

Final

50,000

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Trade debtors

-

17,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Trade creditors

(1

)

120

Taxation and social security

8,277

7,323

8,276

7,443

7.	ACCRUALS AND DEFERRED INCOME

2014

2013

£

£

Accruals and deferred income

360

360

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1.00

100

100

9.

RESERVES

Profit

and loss

account

£

At 1 September 2013

29,291

Profit for the year

33,107

Dividends

(50,000

)

At 31 August 2014

12,398