Company Registration No. 08617121 (England and Wales)
FRAJO LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
FRAJO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FRAJO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
13,774
16,622
Current assets
Debtors
-
3,508
Cash at bank and in hand
24,324
25,827
24,324
29,335
Creditors: amounts falling due within one year
(33,910)
(42,519)
Net current liabilities
(9,586)
(13,184)
Total assets less current liabilities
4,188
3,438
Provisions for liabilities
(3,751)
(3,324)
437
114
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
337
14
Shareholders' funds
437
114
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 January 2016
Mr M A Neal
Director
Company Registration No. 08617121
FRAJO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts and is recognised as the right to consideration accrues.
and is recognised as the right to consideration accrues.
1.3
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 cost
Computer equipment
33% on cost
Fixtures, fittings & equipment
25% on cost
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014
21,161
Additions
3,120
At 31 July 2015
24,281
Depreciation
At 1 August 2014
4,539
Charge for the year
5,968
At 31 July 2015
10,507
Net book value
At 31 July 2015
13,774
At 31 July 2014
16,622
FRAJO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100