Fatigue Management International Limited - Accounts to registrar - small 17.2

Fatigue Management International Limited - Accounts to registrar - small 17.2


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FATIGUE MANAGEMENT INTERNATIONAL LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2017






FATIGUE MANAGEMENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 06431894)






Contents of the Financial Statements
for the year ended 31st March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FATIGUE MANAGEMENT INTERNATIONAL LIMITED

Company Information
for the year ended 31st March 2017







DIRECTORS: I C Thomas
J Humphries
Y Zhu





SECRETARY: I C Thomas





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 06431894(England and Wales)






FATIGUE MANAGEMENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 06431894)

Balance Sheet
31st March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,722 5,582
Tangible assets 5 486 713
4,208 6,295

CURRENT ASSETS
Stocks 126,000 73,050
Debtors 6 8,114 15,119
Cash at bank and in hand 125,904 52,726
260,018 140,895
CREDITORS
Amounts falling due within one year 7 22,505 12,996
NET CURRENT ASSETS 237,513 127,899
TOTAL ASSETS LESS CURRENT LIABILITIES 241,721 134,194

CAPITAL AND RESERVES
Called up share capital 200 100
Share premium 199,990 -
Retained earnings 41,531 134,094
SHAREHOLDERS' FUNDS 241,721 134,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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.

FATIGUE MANAGEMENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 06431894)

Balance Sheet - continued
31st March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15th September 2017and were signed on its behalf
by:





I C Thomas- Director


FATIGUE MANAGEMENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 06431894)

Notes to the Financial Statements
for the year ended 31st March 2017

1. STATUTORY INFORMATION

Fatigue Management International Limited is a private company, limited by shares, registered in England and
Wales. The company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

Intellectual Property are being amortised evenly over their estimated useful life of five years.

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 - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


FATIGUE MANAGEMENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 06431894)

Notes to the Financial Statements - continued
for the year ended 31st March 2017

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3.

4. INTANGIBLE FIXED ASSETS
Intellectual
Property
£   
COST
At 1st April 2016
and 31st March 2017 9,303
AMORTISATION
At 1st April 2016 3,721
Amortisation for year 1,860
At 31st March 2017 5,581
NET BOOK VALUE
At 31st March 2017 3,722
At 31st March 2016 5,582

FATIGUE MANAGEMENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 06431894)

Notes to the Financial Statements - continued
for the year ended 31st March 2017

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st April 2016
and 31st March 2017 865 2,927 3,792
DEPRECIATION
At 1st April 2016 747 2,332 3,079
Charge for year 29 198 227
At 31st March 2017 776 2,530 3,306
NET BOOK VALUE
At 31st March 2017 89 397 486
At 31st March 2016 118 595 713

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 1,354 12,712
Other debtors 6,760 2,407
8,114 15,119

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 24 -
Trade creditors 14,108 1,929
Taxation and social security 1,439 522
Other creditors 6,934 10,545
22,505 12,996

FATIGUE MANAGEMENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 06431894)

Notes to the Financial Statements - continued
for the year ended 31st March 2017

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2017 and
31st March 2016:

2017 2016
£    £   
J Humphries
Balance outstanding at start of year 63 1,641
Amounts advanced 284 63
Amounts repaid (63 ) (1,641 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 284 63

The above loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

Included in other creditors is the sum of £4,733 (2016 £5,019) owing to I C Thomas, a director of the company.