Company Registration No. 09233870 (England and Wales)
FRAUGSTER LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2016
FRAUGSTER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FRAUGSTER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
Notes
€
€
€
€
Fixed assets
Tangible assets
2
143
378
Current assets
Debtors
3,602,468
251
Cash at bank and in hand
222,899
-
3,825,367
251
Creditors: amounts falling due within one year
(4,660)
(3,758)
Net current assets/(liabilities)
3,820,707
(3,507)
Total assets less current liabilities
3,820,850
(3,129)
Capital and reserves
Called up share capital
3
470
251
Share premium account
3,935,208
-
Profit and loss account
(114,828)
(3,380)
Shareholders' funds
3,820,850
(3,129)
For the financial period ended 31 December 2016 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 period 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 20 September 2017
M Laemmle
C Zamir
Director
Director
Company Registration No. 09233870
FRAUGSTER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 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).
The company's ability to continue trading is dependent upon the continuing financial support of the investors.
1.2
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:
Computer equipment
33.33% straight line
2
Fixed assets
Tangible assets
€
Cost
At 1 October 2015 & at 31 December 2016
563
Depreciation
At 1 October 2015
185
Charge for the period
235
At 31 December 2016
420
Net book value
At 31 December 2016
143
At 30 September 2015
378
FRAUGSTER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2016
- 3 -
3
Share capital
2016
2015
€
€
Allotted, called up and fully paid
39,524 Ordinary shares of £0.01 each
470
251
During the period the £1 shares were subdivided to £0.01 shares.
During the period 15,865 shares were issued at a share premium of €3,935,208.
There are three classes of shares Series A, Seed and Ordinary shares.
All classes of shares of £0.01 each have equal voting rights. Series A shares gets potential preference of receiving the proceeds on a sale. Seed and Ordinary shares receive the same proceeds on a sale.