Abbreviated Company Accounts - FLAGSHIP MANAGEMENT LIMITED

FLAGSHIP MANAGEMENT LIMITED - Company Information

05755020 FLAGSHIP MANAGEMENT LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05755020 2014-04-01 2015-03-31 05755020 2015-03-31 05755020 2014-03-31 05755020 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05755020 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05755020

FLAGSHIP MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2015

FLAGSHIP MANAGEMENT LIMITED Registered Number 05755020

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	2,483	2,393
Investments		-	-
		2,483	2,393
Current assets
Stocks		-	-
Debtors		-	-
Investments		-	-
Cash at bank and in hand		24,115	22,556
		24,115	22,556
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(15,696)	(16,301)
Net current assets (liabilities)		8,419	6,255
Total assets less current liabilities		10,902	8,648
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		(490)	(560)
Accruals and deferred income		0	0
Total net assets (liabilities)		10,412	8,088
Capital and reserves
Called up share capital	3	1,000	1,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		9,412	7,088
Shareholders' funds		10,412	8,088

For the year ending 31 March 2015 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 December 2015

And signed on their behalf by:
Crispin Read, Director

FLAGSHIP MANAGEMENT LIMITED Registered Number 05755020

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of good provided to customers and work carried out in respect of services provided to customer.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment 20% Reducing Balance

Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 April 2014	4,792
Additions	710
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2015	5,502
Depreciation
At 1 April 2014	2,399
Charge for the year	620
On disposals	0
At 31 March 2015	3,019
Net book values
At 31 March 2015	2,483
At 31 March 2014	2,393

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000