Abbreviated Company Accounts - FUTURE SIGNS AND GRAPHICS LIMITED

Abbreviated Company Accounts - FUTURE SIGNS AND GRAPHICS LIMITED

FUTURE SIGNS AND GRAPHICS LIMITED - Company Information

Print Friendly Version

Registered Number 03203317

FUTURE SIGNS AND GRAPHICS LIMITED

Abbreviated Accounts

31 May 2016

FUTURE SIGNS AND GRAPHICS LIMITED Registered Number 03203317

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 9,117 9,979
9,117 9,979
Current assets
Stocks 280 1,276
Debtors 67,880 67,084
Cash at bank and in hand 58,404 55,735
126,564 124,095
Creditors: amounts falling due within one year (73,939) (104,595)
Net current assets (liabilities) 52,625 19,500
Total assets less current liabilities 61,742 29,479
Provisions for liabilities (3,541) (3,541)
Total net assets (liabilities) 58,201 25,938
Capital and reserves
Called up share capital 100 100
Profit and loss account 58,101 25,838
Shareholders' funds 58,201 25,938
  • For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2017

And signed on their behalf by:
R Beer, Director
Mrs K Beer, Director

FUTURE SIGNS AND GRAPHICS LIMITED Registered Number 03203317

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Plant & Machinery - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 June 2015 145,398
Additions 2,177
Disposals -
Revaluations -
Transfers -
At 31 May 2016 147,575
Depreciation
At 1 June 2015 135,419
Charge for the year 3,039
On disposals -
At 31 May 2016 138,458
Net book values
At 31 May 2016 9,117
At 31 May 2015 9,979