Farrell Software Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03075558 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2016

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

790

1,054

CURRENT ASSETS

Debtors

5,102

14,371

Cash at bank and in hand

17,466

6,379

22,568

20,750

CREDITORS

Amounts falling due within one year

22,158

21,462

NET CURRENT ASSETS/(LIABILITIES)

410

(712

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,200

342

PROVISIONS FOR LIABILITIES

158

211

NET ASSETS

1,042

131

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

942

31

SHAREHOLDERS' FUNDS

1,042

131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 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 2nd October 2016 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 January 2015).

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 2015

and 5th April 2016

14,977

DEPRECIATION

At 6th April 2015

13,923

Charge for year

264

At 5th April 2016

14,187

NET BOOK VALUE

At 5th April 2016

790

At 5th April 2015

1,054

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5/4/16

5/4/15

value:

£

100

Ordinary

£1

100