Fresche Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01795263 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

FRESCHE SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

7

DIRECTOR:

A Kulakowski

SECRETARY:

A Kulakowski

REGISTERED OFFICE:

2nd Floor, 2 Woodberry Grove

North Finchley

London

N12 0DR

REGISTERED NUMBER:

01795263 (England and Wales)

ACCOUNTANTS:

Kevin Kearney Associates

Chartered Accountants

Suite 3, Haland House

66 York Road

Weybridge

Surrey

KT13 9DY

FIXED ASSETS

Tangible assets

2

-

815

Investments

3

28,825

29,640

CURRENT ASSETS

Debtors

2,788,594

2,662,715

Cash at bank

337,996

78,129

3,126,590

2,740,844

CREDITORS

Amounts falling due within one year

475,417

426,163

NET CURRENT ASSETS

2,651,173

2,314,681

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,679,998

2,344,321

CREDITORS

Amounts falling due after more than one year

11,097

5,285

NET ASSETS

2,668,901

2,339,036

CAPITAL AND RESERVES

Called up share capital

4

25,000

Profit and loss account

2,643,901

2,314,036

SHAREHOLDERS' FUNDS

2,668,901

2,339,036

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 director acknowledges his 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 director on 30 December 2016 and were signed by:

A Kulakowski - 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 and revenue recognition

Turnover represents net invoiced sales of goods and services, excluding value added tax, adjusted for income deferred on

maintenance contracts which is apportioned over the periods of the contracts.

Service revenues are generated from the sale of maintenance, customisation, training and consulting performed for

customers who license the company's software, as well as third party products. Revenue from maintenance services for

licences previously sold is recognised pro rata over the maintenance period. Revenue from customisation, training and

consulting services is recognised as the services are provided.

Amounts received in advance of the delivery of products or execution of services are classified as deferred revenue.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction

though the annual average rate of exchange has been used to convert the trading transactions for the financial statements..

Exchange differences are taken into account in arriving at the operating result.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either

financial assets, financial liabilities or equity instruments. An equity instrument is any contract which evidences a residual

interest in the assets of the company after deducting all of its liabilities.

Intergroup transactions

Intergroup transactions are generally made at market values and the company receives royalties of 35 per cent of the sales

values for generating sales of X-Analysis products on behalf of another group company.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

1,461

DEPRECIATION

At 1 April 2015

646

Charge for year

815

At 31 March 2016

1,461

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

815

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

28,825

NET BOOK VALUE

At 31 March 2016

28,825

At 31 March 2015

28,825

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

Associated company

Databorough India Pvt Limited

Country of incorporation: India

Nature of business: Computer consultants

%

Class of shares:

holding

Ordinary

49.00

31.3.16

31.3.15

£

Aggregate capital and reserves

85,013

60,295

Profit for the year

24,718

11,697

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

25,000

Ordinary

1

25,000

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kevin Kearney Associates

Chartered Accountants

Suite 3, Haland House

66 York Road

Weybridge

Surrey

KT13 9DY

30 December 2016