ButterflyCannon Limited - Abbreviated accounts 16.3

ButterflyCannon Limited - Abbreviated accounts 16.3

BUTTERFLYCANNON LIMITED - Company Information

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REGISTERED NUMBER: 07036019 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016

FOR

BUTTERFLYCANNON LIMITED

BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

BUTTERFLYCANNON LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016







DIRECTORS: Miss N D Alexander
Mr J N Davies





SECRETARY: Mr J N Davies





REGISTERED OFFICE: 4 Lyric Square
Lyric Square
London
W6 0ED





REGISTERED NUMBER: 07036019 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN
Page 1
BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 9,709 12,182

CURRENT ASSETS
Debtors 205,235 123,408
Cash at bank and in hand 782,734 374,169
987,969 497,577
CREDITORS
Amounts falling due within one year 459,634 151,893
NET CURRENT ASSETS 528,335 345,684
TOTAL ASSETS LESS CURRENT
LIABILITIES
538,044
357,866

PROVISIONS FOR LIABILITIES 1,264 2,452
NET ASSETS 536,780 355,414

CAPITAL AND RESERVES
Called up share capital 3 7 2
Profit and loss account 536,773 355,412
SHAREHOLDERS' FUNDS 536,780 355,414

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 27 November 2016 and were signed on its behalf
by:




Mr J N Davies - Director



Miss N D Alexander - Director


The notes form part of these abbreviated accounts

Page 2
BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016

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 the value, net of VAT and discounts, of services provided to customers.

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 - 25% on cost
Computer equipment - 50% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 22,524
Additions 7,656
At 31 March 2016 30,180
DEPRECIATION
At 1 January 2015 10,342
Charge for period 10,129
At 31 March 2016 20,471
NET BOOK VALUE
At 31 March 2016 9,709
At 31 December 2014 12,182

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.12.14
value: £    £   
2 Ordinary A £1 2 2
5 Ordinary Founder £1 5 -
7 2

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loans of £946 (2014: £60,000) were repaid within 9-months of the balance sheet date.

Page 3