Company Registration No. 08535522 (England and Wales)
FANTASTIC TACKLE GROUP LTD
Unaudited accounts
for the year ended 31 May 2017
FANTASTIC TACKLE GROUP LTD
Unaudited accounts
Contents
FANTASTIC TACKLE GROUP LTD
Company Information
for the year ended 31 May 2017
Secretary
Joanne Whitehead
Company Number
08535522 (England and Wales)
Registered Office
UNIT 413 CLERKENWELL WORKSHOPS
27/31 CLERKENWELL CLOSE
LONDON
EC1R 0AT
FANTASTIC TACKLE GROUP LTD
Statement of financial position
as at
31 May 2017
Tangible assets
1,356
616
Cash at bank and in hand
12,532
24,446
Creditors: amounts falling due within one year
(2,098)
(18,856)
Net current assets
82,117
95,056
Called up share capital
200
200
Share premium
84,968
99,968
Profit and loss account
(1,695)
(4,496)
Shareholders' funds
83,473
95,672
For the year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 December 2017.
George Smart
Director
Company Registration No. 08535522
FANTASTIC TACKLE GROUP LTD
Notes to the Accounts
for the year ended 31 May 2017
FANTASTIC TACKLE GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 08535522. The registered office is UNIT 413 CLERKENWELL WORKSHOPS, 27/31 CLERKENWELL CLOSE, LONDON, EC1R 0AT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
40% Straight Line
FANTASTIC TACKLE GROUP LTD
Notes to the Accounts
for the year ended 31 May 2017
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2016
3,076
-
3,076
At 31 May 2017
3,076
2,033
5,109
At 1 June 2016
2,460
-
2,460
Charge for the year
616
677
1,293
At 31 May 2017
3,076
677
3,753
At 31 May 2017
-
1,356
1,356
Trade debtors
15,850
1,474
Other debtors
55,833
87,992
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
2,098
11,723
Loans from directors
-
7,443
7
Share capital
2017
2016
Allotted, called up and fully paid:
10,000 Ordinary shares of £0.02 each
200
200
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Average number of employees
During the year the average number of employees was 0 (2016: 2).