Flying Pictures Space Limited - Limited company - abbreviated - 11.6
Flying Pictures Space Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
For The Year Ended 31 December 2014 |
for |
Flying Pictures Space Limited |
Flying Pictures Space Limited (Registered number: 04679481) |
Contents of the Abbreviated Accounts |
For The Year Ended 31 December 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Flying Pictures Space Limited |
Company Information |
For The Year Ended 31 December 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered accountants |
Flying Pictures Space Limited (Registered number: 04679481) |
Abbreviated Balance Sheet |
31 December 2014 |
31.12.14 | 31.12.13 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors on |
Flying Pictures Space Limited (Registered number: 04679481) |
Notes to the Abbreviated Accounts |
For The Year Ended 31 December 2014 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The balance sheet shows that current liabilities exceed total assets by £142,184, however the directors and |
shareholders have agreed to support the company by way of interest free loans which will only be repayable at |
the board's discretion as and when cash flow permits. The directors have arranged for additional funds to be |
available should this prove necessary. Since the balance sheet date there has been no income, but measures have |
been taken to reduce the overheads and the company is actively pursuing new contracts. Accordingly the |
directors consider it appropriate to prepare the financial statements on the going concern basis. If the company |
is not successful in generating more income then the basis of preparation of the accounts on a going concern |
basis may not be appropriate; however the restatement of assets and liabilities would not have a material effect of |
the financial statements. |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Tangible fixed assets |
Plant and machinery | - |
Due to the company's trading situation the tangible fixed assets have been written down to nil, as this is the |
directors estimate of the net realisable value of the assets if they were to be sold and they are considered to have |
no further useful life. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
and 31 December 2014 |
DEPRECIATION |
At 1 January 2014 |
and 31 December 2014 |
NET BOOK VALUE |
At 31 December 2014 |
At 31 December 2013 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
value: | £ | £ |
Ordinary | £1 |