Front Page 2012 Limited
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Registered number: |
SC424624
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Abbreviated Balance Sheet |
as at 30 September 2016
|
|
Notes |
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|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
694,784 |
|
|
777,985 |
Tangible assets |
3 |
|
|
31,151 |
|
|
64,085 |
Investments |
4 |
|
|
1 |
|
|
1 |
|
|
|
|
725,936 |
|
|
842,071 |
|
Current assets |
Debtors |
|
|
505,568 |
|
|
911,934 |
Cash at bank and in hand |
|
|
256,435 |
|
|
10,074 |
|
|
|
762,003 |
|
|
922,008 |
|
Creditors: amounts falling due within one year |
|
|
(438,504) |
|
|
(739,638) |
|
Net current assets |
|
|
|
323,499 |
|
|
182,370 |
|
Total assets less current liabilities |
|
|
|
1,049,435 |
|
|
1,024,441 |
|
|
Provisions for liabilities |
|
|
|
(4,317) |
|
|
(10,226) |
|
|
Net assets |
|
|
|
1,045,118 |
|
|
1,014,215 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
5 |
|
|
201,030 |
|
|
201,030 |
Capital redemption reserve |
|
|
|
500,020 |
|
|
800,020 |
Profit and loss account |
|
|
|
344,068 |
|
|
13,165 |
|
Shareholders' funds |
|
|
|
1,045,118 |
|
|
1,014,215 |
|
|
|
|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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…………………………………………… |
|
Ms J Arnott-Raymond |
Director |
Approved by the board on 18 May 2017
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|
Front Page 2012 Limited
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Notes to the Abbreviated unaudited financial statements |
for the year ended 30 September 2016
|
|
1 |
Accounting policies |
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Basis of preparation |
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The unaudited 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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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Goodwill |
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Goodwill representing the excess of the purchase price compared with the fair value of net assets acquired is capitalised and written off evenly over 16 years as in the opinion of the directors this represents the period over which the goodwill is effective. Goodwill is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or charges in circumstance indicate that the carrying value may not be recoverable. |
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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|
Equipment |
25% and 33% straight line
|
|
Fixtures and fittings |
25% straight line |
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|
Investments |
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Fixed asset investments are stated at cost less provision for diminution in value. The company tests annually for impairment. |
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the unaudited financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
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Foreign currencies |
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Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Government grants |
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Grants of a revenue nature are credited to income in the period to which they relate. Revenue grants are only recognised in the profit and loss account once the conditions for its receipt have been complied with, and there is reasonable assurance that the grant will be received. |
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Financial instruments |
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Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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|
Pensions |
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The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
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|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
1,331,214 |
|
At 30 September 2016 |
1,331,214 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2015 |
553,229 |
|
Provided during the year |
83,201 |
|
At 30 September 2016 |
636,430 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
694,784 |
|
At 30 September 2015 |
777,985 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
133,869 |
|
Additions |
11,666 |
|
At 30 September 2016 |
145,535 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2015 |
69,784 |
|
Charge for the year |
44,600 |
|
At 30 September 2016 |
114,384 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
31,151 |
|
At 30 September 2015 |
64,085 |
|
|
|
|
|
|
|
|
4 |
Investments |
£ |
|
|
Cost |
|
At 1 October 2015 |
1 |
|
|
At 30 September 2016 |
1 |
|
|
|
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The company holds 20% or more of the share capital of the following companies: |
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Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Front Page Limited |
Ordinary and B Ordinary |
100 |
|
1 |
|
- |
|
5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
B Ordinary shares
|
£0.50 each |
|
60 |
|
30 |
|
30 |
|
|
|
|
|
|
1,030 |
|
1,030 |
|
Preference shares
|
£1 each |
|
200,000 |
|
200,000 |
|
200,000 |
|
|
|
|
|
|
201,030 |
|
201,030 |
|
|
|
|
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|
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