Farrell Software Associates Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03075558 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2014

FOR

FARRELL SOFTWARE ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Farrell

Mrs A L Farrell

SECRETARY:

Mrs A L Farrell

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

03075558 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

2

1,185

1,580

CURRENT ASSETS

Debtors

2,760

10,200

Cash at bank and in hand

24,812

11,609

27,572

21,809

CREDITORS

Amounts falling due within one year

27,856

22,951

NET CURRENT LIABILITIES

(284

)

(1,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

901

438

PROVISIONS FOR LIABILITIES

237

316

NET ASSETS

664

122

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

564

22

SHAREHOLDERS' FUNDS

664

122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 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 21st September 2014 and were signed on its behalf by:

S Farrell - 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.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on reducing balance

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

At 6th April 2013

and 5th April 2014

14,757

DEPRECIATION

At 6th April 2013

13,177

Charge for year

395

At 5th April 2014

13,572

NET BOOK VALUE

At 5th April 2014

1,185

At 5th April 2013

1,580

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5/4/14

5/4/13

value:

£

£

100

Ordinary

£1

100

100