Bonfire Creative Intelligence Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04136188

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

BONFIRE CREATIVE INTELLIGENCE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S A Judge

Mr J A Pearce

Mr J A Hannigan

REGISTERED OFFICE:

First Floor

5 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

REGISTERED NUMBER:

04136188

ACCOUNTANTS:

GKP (Ampthill) Limited

Chartered Accountants

First Floor

5 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

FIXED ASSETS

Tangible assets

2

44,392

38,778

Investments

3

401

400

44,793

39,178

CURRENT ASSETS

Stocks

33,434

-

Debtors

352,051

454,797

Cash at bank and in hand

305,234

305,879

690,719

760,676

CREDITORS

Amounts falling due within one year

284,583

347,197

NET CURRENT ASSETS

406,136

413,479

TOTAL ASSETS LESS CURRENT
LIABILITIES

450,929

452,657

PROVISIONS FOR LIABILITIES

8,240

6,976

NET ASSETS

442,689

445,681

CAPITAL AND RESERVES

Called up share capital

4

1,600

Profit and loss account

441,089

444,081

SHAREHOLDERS' FUNDS

442,689

445,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 9 June 2016 and were signed on its
behalf by:

Mr J A Pearce - 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 January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Bonfire Creative Intelligence Limited as an

individual company and do not contain consolidated financial information as the parent of a group. The

company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Turnover

Turnover represents net invoiced value 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 and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

137,271

Additions

16,815

At 31 January 2016

154,086

DEPRECIATION

At 1 February 2015

98,493

Charge for year

11,201

At 31 January 2016

109,694

NET BOOK VALUE

At 31 January 2016

44,392

At 31 January 2015

38,778

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 February 2015

400

Additions

1

At 31 January 2016

401

NET BOOK VALUE

At 31 January 2016

401

At 31 January 2015

400

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Bonfire Digital Intelligence Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31/1/16

31/1/15

£

Aggregate capital and reserves

100

Coefficiency Software Limited

Nature of business: Non trading

%

Class of shares:

holding

Ordinary

100.00

31/1/16

31/1/15

£

Aggregate capital and reserves

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/16

31/1/15

value:

£

1,000

Ordinary

1

1,000

600

A-F Non voting Ordinary

1

600

1,600