Accounts filed on 31-12-2015

THE BIG SQUID FLYERING COMPANY LIMITED - Company Information

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Company Registration Number:
05652899 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 January 2015

End date: 31 December 2015

Contents of the Financial Statements

for the Period Ended 31 December 2015


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Directors' Report Period Ended 31 December 2015

The directors present their report with the financial statements of the company for the period ended 31 December 2015

Principal activities

The principal activity of the company continued to be that of distribution of promotional material.

Directors
The directors shown below have held office during the whole of the period from
01 January 2015 to 31 December 2015
Virginia Farrugia

Political and charitable donations

The company's charitable donations during the period amounted to £0. No political donations were made.

Company policy on the employment of disabled persons

N/A

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 02 June 2016
And Signed On Behalf Of The Board By:

Name: Virginia Farrugia
Status: Director

Profit and Loss Account

for the Period Ended 31 December 2015

	2015 £	2014 £
Turnover:	17,010	44,590
Cost of sales:	( 13,220 )	( 34,155 )
Gross profit or (loss):	3,790	10,435
Administrative expenses:	( 7,323 )	( 21,627 )
Operating profit or (loss):	( 3,533 )	( 11,192 )
Interest receivable and similar income:		23
Interest payable and similar charges:	( 470 )	( 530 )
Profit or (loss) on ordinary activities before taxation:	( 4,003 )	( 11,699 )
Profit or (loss) for the financial year:	( 4,003 )	( 11,699 )

The notes form part of these financial statements

Statement of total recognised gains and losses

As at 31 December 2015

	2015 £	2014 £
Profit or (loss) for the period:	( 4,003 )	( 11,699 )
Total recognised gains and losses for the period:	( 4,003 )	( 11,699 )

Balance sheet

As at 31 December 2015

	Notes	2015 £	2014 £
Fixed assets
Tangible assets:	2	1,723	2,298
Total fixed assets:		1,723	2,298
Current assets
Debtors:			4,122
Total current assets:		0	4,122
Creditors: amounts falling due within one year:		( 22,204 )	( 22,898 )
Net current assets (liabilities):		( 22,204 )	( 18,776 )
Total assets less current liabilities:		( 20,481 )	( 16,478 )
Total net assets (liabilities):		( 20,481 )	( 16,478 )

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2015

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	3	1	1
Profit and loss account:	4	( 20,482 )	( 16,479 )
Shareholders funds:		( 20,481 )	( 16,478 )

For the year ending 31 December 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 02 June 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Virginia Farrugia
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2015

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

Turnover policy

Turnover represents the value of services during the year, net of VAT.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% per annum reducing balance

Notes to the Financial Statements

for the Period Ended 31 December 2015

2. Tangible assets

	Land and buildings	Plant and Machinery	Fixtures and fittings	Office Equipment	Motor vehicles	Total
Cost	£	£	£	£	£	£
01 January 2015:	-	7,850	-	-	-	7,850
Additions:	-	-	-	-	-	0
Disposals:	-	-	-	-	-	0
Revaluations:	-	-	-	-	-	0
Transfers:	-	-	-	-	-	0
31 December 2015:	-	7,850	-	-	-	7,850
Depreciation
01 January 2015:	-	5,552	-	-	-	5,552
Charge for year:	-	575	-	-	-	575
On disposals:	-	-	-	-	-	0
Other adjustments:	-	-	-	-	-	0
31 December 2015:	-	6,127	-	-	-	6,127
Net book value
31 December 2015:	-	1,723	-	-	-	1,723
31 December 2014:	-	2,298	-	-	-	2,298

Notes to the Financial Statements

for the Period Ended 31 December 2015

3. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share (£)	Total (£)
Ordinary shares:	1	1.00	1
Preference shares:			0
Total share capital (£):			1

Current period			2015
Class	Number of shares	Nominal value per share (£)	Total (£)
Ordinary shares:	1	1.00	1
Preference shares:			0
Total share capital (£):			1

Notes to the Financial Statements

for the Period Ended 31 December 2015

4. Profit and loss account

	2015 £	2014 £
Opening balance:	( 16,479 )	( 4,780 )
Profit or (loss) for the period:	( 4,003 )	( 11,699 )
Retained profit:	( 20,482 )	( 16,479 )

Director:		Virginia Farrugia


Secretary:		David Healy


Registered office:		Eblana 100 Crouch Hill London N8 9EA


Company Registration Number:		05652899 (England and Wales)

Accounts filed on 31-12-2015