REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2015 |
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FOR |
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FRAXSES LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2015 |
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FOR |
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FRAXSES LIMITED |
FRAXSES LIMITED (REGISTERED NUMBER: 08567206) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
For The Year Ended 31st December 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
FRAXSES LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31st December 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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FRAXSES LIMITED (REGISTERED NUMBER: 08567206) |
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ABBREVIATED BALANCE SHEET |
31st December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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CURRENT ASSETS |
Debtors | 3 |
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Prepayments and accrued income |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
FRAXSES LIMITED (REGISTERED NUMBER: 08567206) |
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ABBREVIATED BALANCE SHEET - continued |
31st December 2015 |
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The financial statements were approved by the Board of Directors on
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FRAXSES LIMITED (REGISTERED NUMBER: 08567206) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
For The Year Ended 31st December 2015 |
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1. | ACCOUNTING POLICIES |
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Going concern |
The financial statements 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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The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a |
reasonable expectation that the company has adequate resources to continue in operational existence for the |
foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts. |
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Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right to |
consideration and is recorded at the value of the consideration due. Where a contract has only been partially |
completed at the balance sheet date turnover represents the value of the service provided to date based on a |
proportion of the total expected consideration at completion. |
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Where payments are received from customers in advance of services provided, the amounts are recorded as |
Deferred Income and included as part of Creditors due within one year. |
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Intangible assets |
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful |
economic life of that asset as follows: |
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Patents and licences - 5% straight line |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st January 2015 |
and 31st December 2015 |
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AMORTISATION |
Amortisation for year |
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At 31st December 2015 |
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NET BOOK VALUE |
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At 31st December 2015 |
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At 31st December 2014 |
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3. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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The aggregate total of debtors falling due after more than one year is £
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FRAXSES LIMITED (REGISTERED NUMBER: 08567206) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
For The Year Ended 31st December 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary £1 shares | £1 |
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(2014 -
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5. | ULTIMATE CONTROLLING PARTY |
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Intenda (Pty) Ltd (incorporated in South Africa) is regarded by the directors as being the company's ultimate |
parent company. |
Intenda (Pty) Ltd group accounts can be viewed at their registered offices at 265 Von Willich |
Avenue, Unit 15 Centuria Park, Centurion, 0157, South Africa. |