Fertalx Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC087237 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Fertalx Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Samuel Kingsley

Anthony Caplan

SECRETARY:

Anthony Caplan

REGISTERED OFFICE:

10 Kenmure Road

Whitecraigs

Glasgow

G46 6TU

REGISTERED NUMBER:

SC087237 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

2

375,000

375,000

CURRENT ASSETS

Cash at bank

188,598

169,994

CREDITORS

Amounts falling due within one year

8,278

9,296

NET CURRENT ASSETS

180,320

160,698

TOTAL ASSETS LESS CURRENT LIABILITIES

555,320

535,698

PROVISIONS FOR LIABILITIES

9,665

10,733

NET ASSETS

545,655

524,965

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

226,384

226,384

Profit and loss account

319,171

298,481

SHAREHOLDERS' FUNDS

545,655

524,965

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

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

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 May 2015 and were signed on its behalf by:

Samuel Kingsley - Director

Anthony Caplan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets 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.

Heritable properties

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Heritable properties

-

not provided

The company's property has not been valued annually in accordance with Statement of Standard

Accounting Practice No. 19. The directors are of the opinion that the costs of obtaining professional

external valuations are not justified and accordingly Heritable property is shown at historical cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2014

and 31 December 2014

375,000

NET BOOK VALUE

At 31 December 2014

375,000

At 31 December 2013

375,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100