Accounts filed on 31-10-2014

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			Company registration number:07062485
			1ST OBJECTIVE LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 October 2014

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1ST OBJECTIVE LIMITED
BALANCE SHEET
AS AT 31 October 2014
			2014				2013
		Notes	£		£		£		£
FIXED ASSETS
Investments					200				200
Intangible assets		2			5,000				6,000
Tangible assets		3			3,869				3,568
					9,069				9,768
CURRENT ASSETS
Debtors			13,011				25,643
Cash at bank and in hand			247				135
			13,258				25,778
CREDITORS
Amounts falling due within one year			(11,833)				(14,728)
NET CURRENT ASSETS					1,425				11,050
TOTAL ASSETS LESS
CURRENT LIABILITIES					10,494				20,818
NET ASSETS					10,494				20,818
CAPITAL AND RESERVES
Called-up equity share capital		4			100				100
Profit and loss account					10,394				20,718
SHAREHOLDERS FUNDS					10,494				20,818
For the year ending 31 October 2014 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 23 March 2015 and signed on its behalf.
..........................................................................
Nicholas Ricketts - Director
23 March 2015
The annexed notes form part of these financial statements.

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1ST OBJECTIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2014

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Statement of cashflow

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life of 10 years.

Fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures and Fittings - 25% per annum reducing balance

2.	Intangible fixed assets
				Total
	Cost
	At start of period			10,000
	At end of period			10,000
	Amortisation
	At start of period			4,000
	Provided during the period			1,000
	At end of period			5,000
	Net Book Values
	At start of period			6,000
	At end of period			5,000

3.	Tangible fixed assets
				Total
	Cost
	At start of period			8,505
	Additions			1,590
	At end of period			10,095
	Depreciation
	At start of period			4,937
	Provided during the period			1,289
	At end of period			6,226
	Net Book Value
	At start of period			3,568
	At end of period			3,869

4.	Share capital				Allotted, issued and fully paid
					2014	2013
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
5.	Transactions with directors
	At 31 October 2014, Mr N Ricketts owed the compnay £3,703 (2013 - £10,059). This is an interest free loan repayable on demand.
6.	Ultimate controlling party
	The ultimate controlling party is Mr. N. Ricketts by virtue of his day to day management of the company.