Foster Executive Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03745049 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Foster Executive Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D C G Foster

Mrs C L Foster

SECRETARY:

Mrs C L Foster

REGISTERED OFFICE:

212 Picadilly

London

W1J 9HG

REGISTERED NUMBER:

03745049 (England and Wales)

ACCOUNTANTS:

Freshwater Associates Limited

99 Westmead Road

Sutton

Surrey

SM1 4HX

FIXED ASSETS

Tangible assets

2

2,171

2,895

CURRENT ASSETS

Debtors

6,782

12,813

Cash at bank and in hand

20,445

16,808

27,227

29,621

CREDITORS

Amounts falling due within one year

19,850

31,723

NET CURRENT ASSETS/(LIABILITIES)

7,377

(2,102

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,548

793

PROVISIONS FOR LIABILITIES

434

579

NET ASSETS

9,114

214

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

8,914

14

SHAREHOLDERS' FUNDS

9,114

214

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

The members have not required the company to obtain an audit of its financial statements for the year 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 4 December 2016 and were signed on its behalf
by:

D C G Foster - Director

Mrs C L Foster - 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 the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer 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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged to the profit and loss account as incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

18,087

DEPRECIATION

At 1 April 2015

15,192

Charge for year

724

At 31 March 2016

15,916

NET BOOK VALUE

At 31 March 2016

2,171

At 31 March 2015

2,895

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary A

£1

100

Ordinary B

£1

100

200

On a show of hands or poll every holder of 'A' Ordinary Shares present in person or by proxy shall have one

vote. Ordinary 'B' shares carry no voting rights only dividend rights.