FATIGUE MANAGEMENT INTERNATIONAL LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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)

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.

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 2017 and were signed on its behalf by:

I C Thomas - Director

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.

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

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

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.