Abbreviated Company Accounts - FACTORSCAN LIMITED

FACTORSCAN LIMITED - Company Information

01888484 FACTORSCAN LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 01888484 2014-06-01 2015-05-31 01888484 2015-05-31 01888484 2014-05-31 01888484 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 01888484 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-05-31 iso4217:GBP shares

Registered Number 01888484

FACTORSCAN LIMITED

Abbreviated Accounts

31 May 2015

FACTORSCAN LIMITED Registered Number 01888484

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,511	2,015
		1,511	2,015
Current assets
Debtors		8,995	60
Cash at bank and in hand		342,703	400,728
		351,698	400,788
Creditors: amounts falling due within one year		(6,919)	(24,189)
Net current assets (liabilities)		344,779	376,599
Total assets less current liabilities		346,290	378,614
Provisions for liabilities		(302)	(403)
Total net assets (liabilities)		345,988	378,211
Capital and reserves
Called up share capital	3	12	10
Profit and loss account		345,976	378,201
Shareholders' funds		345,988	378,211

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 26 February 2016

And signed on their behalf by:
J Adler, Director

FACTORSCAN LIMITED Registered Number 01888484

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2014	14,511
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	14,511
Depreciation
At 1 June 2014	12,496
Charge for the year	504
On disposals	-
At 31 May 2015	13,000
Net book values
At 31 May 2015	1,511
At 31 May 2014	2,015

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

	2015 £	2014 £
10 Ordinary shares of £1 each	10	10
1 A Ordinary share of £1 each (0 shares for 2014)	1	0
1 B Ordinary share of £1 each (0 shares for 2014)	1	0