FAIRMILE FINANCIAL SOLUTIONS LIMITED
REGISTERED NUMBER:
07230965
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
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CREDITORS:
amounts falling due within one year
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For the year ending 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 ("the Act") relating to small companies.
Director's responsibilities:
 
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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;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
 
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The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on
20 December 2016
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The notes on page 2 form part of these financial statements.
Page 1
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FAIRMILE FINANCIAL SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
1.
ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015)
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Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for the services rendered to its customer.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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2.
TANGIBLE FIXED ASSETS
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At 1 May 2015 and 30 April 2016
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3.
SHARE CAPITAL
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Allotted, called up and fully paid
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6
Ordinary A
shares of £
1
each
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4
Ordinary B
shares of £
1
each
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The two classes of shares rank pari passu except that dividends can be declared on one class of share without having to be declared on the other.
Page 2
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