Abbreviated Company Accounts - FINANCE & ACCOUNTING FOR BUSINESS LTD

FINANCE & ACCOUNTING FOR BUSINESS LTD - Company Information

08549696 FINANCE & ACCOUNTING FOR BUSINESS LTD 2015-05-31 false 2014-06-01 2015-05-31 true 08549696 2014-06-01 2015-05-31 08549696 2015-05-31 08549696 2014-05-31 08549696 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 08549696 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:Director4 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director4 2015-05-31 uk-gaap-cd-bus:Director4 2014-05-31 iso4217:GBP shares

Registered Number 08549696

FINANCE & ACCOUNTING FOR BUSINESS LTD

Abbreviated Accounts

31 May 2015

FINANCE & ACCOUNTING FOR BUSINESS LTD Registered Number 08549696

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	20,728	30,419
		20,728	30,419
Current assets
Debtors		43,443	44,363
Cash at bank and in hand		23,956	31,553
		67,399	75,916
Creditors: amounts falling due within one year		(33,418)	(40,927)
Net current assets (liabilities)		33,981	34,989
Total assets less current liabilities		54,709	65,408
Creditors: amounts falling due after more than one year		(10,429)	(20,137)
Total net assets (liabilities)		44,280	45,271
Capital and reserves
Called up share capital		100	100
Profit and loss account		44,180	45,171
Shareholders' funds		44,280	45,271

For the year ending 31 May 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 13 January 2016

And signed on their behalf by:
Timothy Major, Director

FINANCE & ACCOUNTING FOR BUSINESS LTD Registered Number 08549696

Notes to the Abbreviated Accounts for the period ended 31 May 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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off each asset over its expected useful life as follows:

Fixtures Fittings & Office Equipment 25% Straight Line
Motor Vehicles 25% Straight Line

2Tangible fixed assets

	£
Cost
At 1 June 2014	40,558
Additions	458
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	41,016
Depreciation
At 1 June 2014	10,139
Charge for the year	10,149
On disposals	-
At 31 May 2015	20,288
Net book values
At 31 May 2015	20,728
At 31 May 2014	30,419

3Transactions with directors

Name of director receiving advance or credit:	Timothy Major
Description of the transaction:	Interest Free Loan
Balance at 1 June 2014:	£ 5,226
Advances or credits made:	£ 4,728
Advances or credits repaid:	-
Balance at 31 May 2015:	£ 9,954

Name of director receiving advance or credit:	Aileen Major
Description of the transaction:	Interest Free Loan
Balance at 1 June 2014:	£ 0
Advances or credits made:	£ 9,954
Advances or credits repaid:	-
Balance at 31 May 2015:	£ 9,954