Company Registration No. 07228098 (England and Wales)
EASY & SIMPLE FORMATIONS UK LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
EASY & SIMPLE FORMATIONS UK LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EASY & SIMPLE FORMATIONS UK LTD
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,820
2,982
Current assets
Debtors
2,231
4,933
Cash at bank and in hand
5,847
3,258
8,078
8,191
Creditors: amounts falling due within one year
(8,846)
(9,412)
Net current liabilities
(768)
(1,221)
Total assets less current liabilities
4,052
1,761
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
3,952
1,661
Shareholders' funds
4,052
1,761
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 .........................
2016-01-28
..............................
Mr T Enslein
Director
Company Registration No. 07228098
EASY & SIMPLE FORMATIONS UK LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014
5,637
Additions
3,445
At 30 April 2015
9,082
Depreciation
At 1 May 2014
2,655
Charge for the year
1,607
At 30 April 2015
4,262
Net book value
At 30 April 2015
4,820
At 30 April 2014
2,982
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
EASY & SIMPLE FORMATIONS UK LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
4
Transactions with directors
The
d
irec
tor
had
an interest free
loan during the year. The movement on the loan
was
as follows:
Amount outstanding
Maximum
2015
2014
in year
£
£
£
Director's current account
2,230
4,934
4,934
The loan was repaid within 9 months of the company's year end.