Seventy Two Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07809392 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Seventy Two Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr W Shafi

REGISTERED OFFICE:

12 Sheridan Way

Nottingham

NG5 1QJ

REGISTERED NUMBER:

07809392 (England and Wales)

FIXED ASSETS

Tangible assets

2

990

645

Investments

3

62,500

63,490

63,145

CURRENT ASSETS

Cash at bank and in hand

12,015

29,872

CREDITORS

Amounts falling due within one year

36,770

41,141

NET CURRENT LIABILITIES

(24,755

)

(11,269

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,735

51,876

CREDITORS

Amounts falling due after more than one year

5,618

10,163

NET ASSETS

33,117

41,713

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

32,117

40,713

SHAREHOLDERS' FUNDS

33,117

41,713

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 14 July 2017 and were signed by:

Mr W Shafi - 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 services, excluding value added tax.

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 reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

1,149

Additions

675

At 31 October 2016

1,824

DEPRECIATION

At 1 November 2015

504

Charge for year

330

At 31 October 2016

834

NET BOOK VALUE

At 31 October 2016

990

At 31 October 2015

645

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.10.16

31.10.15

£

Other investments

62,500

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

1,000

Ordinary

1

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year-end, the company owed £4917 to the directors (2015: £13711).