BLUE FROG CREATIONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
Company Registration No. 05544093 (England and Wales)
BLUE FROG CREATIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BLUE FROG CREATIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
20,048
31,594
Current assets
Debtors
2,361
362
Cash at bank and in hand
2,203
-
4,564
362
Creditors: amounts falling due within one year
(10,241)
(22,530)
Net current liabilities
(5,677)
(22,168)
Total assets less current liabilities
14,371
9,426
Creditors: amounts falling due after more than one year
(15,513)
(21,540)
(1,142)
(12,114)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(1,144)
(12,116)
Shareholders' funds
(1,142)
(12,114)
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 December 2016
R. Sainsbury
Director
Company Registration No. 05544093
BLUE FROG CREATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services gross of VAT. Turnover is recognised when the goods are physically delivered to the customer.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
Motor vehicles
Over the term of the lease
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
46,196
Depreciation
At 1 April 2015
14,602
Charge for the year
11,546
At 31 March 2016
26,148
Net book value
At 31 March 2016
20,048
At 31 March 2015
31,594
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
BLUE FROG CREATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
4
Transactions with directors
Debtors include an amount of £1,110 (2015 - £12,541 creditors) in respect of directors' current account.