Company Registration No. 09138914 (England and Wales)
Frazelli Telecomms Limited
Unaudited accounts
for the year ended 31 July 2018
Frazelli Telecomms Limited
Unaudited accounts
Contents
Frazelli Telecomms Limited
Company Information
for the year ended 31 July 2018
Company Number
09138914 (England and Wales)
Frazelli Telecomms Limited
Statement of financial position
as at
31 July 2018
Tangible assets
1,614
2,421
Cash at bank and in hand
-
12,006
Creditors: amounts falling due within one year
(23,392)
(32,606)
Net current assets
2,723
3,566
Called up share capital
1
1
Profit and loss account
4,336
5,986
Shareholders' funds
4,337
5,987
For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 April 2019.
Ian Hill
Director
Company Registration No. 09138914
Frazelli Telecomms Limited
Notes to the Accounts
for the year ended 31 July 2018
Frazelli Telecomms Limited is a private company, limited by shares, registered in England and Wales, registration number 09138914.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant and Machinery 25% Straight Line Method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Frazelli Telecomms Limited
Notes to the Accounts
for the year ended 31 July 2018
Other debtors
14,735
24,166
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
7,818
-
Taxes and social security
14,763
31,009
7
Average number of employees
During the year the average number of employees was 1 (2017: 1).