Fone Savvy Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08137645 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

FONE SAVVY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Sydney

REGISTERED OFFICE:

27 St. Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

REGISTERED NUMBER:

08137645 (England and Wales)

ACCOUNTANTS:

Novakovic & Co

27 St. Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

FIXED ASSETS

Intangible assets

2

25,000

Tangible assets

3

3,872

3,765

28,872

28,765

CURRENT ASSETS

Debtors

30,973

10,785

Cash at bank and in hand

4,092

5,275

35,065

16,060

CREDITORS

Amounts falling due within one year

38,118

17,683

NET CURRENT LIABILITIES

(3,053

)

(1,623

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,819

27,142

CAPITAL AND RESERVES

Called up share capital

4

25,000

Profit and loss account

819

2,142

SHAREHOLDERS' FUNDS

25,819

27,142

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 19 July 2017 and were signed by:

A Sydney - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

25,000

NET BOOK VALUE

At 31 July 2016

25,000

At 31 July 2015

25,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

5,058

Additions

1,244

At 31 July 2016

6,302

DEPRECIATION

At 1 August 2015

1,293

Charge for year

1,137

At 31 July 2016

2,430

NET BOOK VALUE

At 31 July 2016

3,872

At 31 July 2015

3,765

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

25,000

Ordinary

1

25,000