Abbreviated Company Accounts - FIMEX LIMITED

Abbreviated Company Accounts - FIMEX LIMITED


Registered Number 02550469

FIMEX LIMITED

Abbreviated Accounts

31 December 2013

FIMEX LIMITED Registered Number 02550469

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 2,040,246 2,059,060
2,040,246 2,059,060
Current assets
Stocks 35,724 96,264
Debtors 2,229,151 2,427,641
Cash at bank and in hand 222,386 91,002
2,487,261 2,614,907
Prepayments and accrued income 26,505 31,507
Creditors: amounts falling due within one year 3 (1,709,803) (2,105,522)
Net current assets (liabilities) 803,963 540,892
Total assets less current liabilities 2,844,209 2,599,952
Creditors: amounts falling due after more than one year 3 (1,632,736) (1,418,720)
Accruals and deferred income (124,070) (79,341)
Total net assets (liabilities) 1,087,403 1,101,891
Capital and reserves
Called up share capital 4 200 200
Profit and loss account 1,087,203 1,101,691
Shareholders' funds 1,087,403 1,101,891
  • For the year ending 31 December 2013 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 July 2014

And signed on their behalf by:
O Icel, Director
E Icel, Director

FIMEX LIMITED Registered Number 02550469

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred.

Tangible assets depreciation policy
Leasehold properties - straight line over the life of the lease
Plant & equipment - 15% on cost
Fixtures, fittings & equipment - 10% on written down value

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value

Other accounting policies
Pensions'
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

2Tangible fixed assets
£
Cost
At 1 January 2013 2,677,564
Additions 2,607
Disposals (1,272)
Revaluations -
Transfers -
At 31 December 2013 2,678,899
Depreciation
At 1 January 2013 618,504
Charge for the year 20,899
On disposals (750)
At 31 December 2013 638,653
Net book values
At 31 December 2013 2,040,246
At 31 December 2012 2,059,060
3Creditors
2013
£
2012
£
Secured Debts 1,832,224 1,599,209
4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
200 Ordinary shares of £1 each 200 200

5Transactions with directors

Name of director receiving advance or credit: AH Mucur
Description of the transaction: Directors loan
Balance at 1 January 2013: -
Advances or credits made: £ 111
Advances or credits repaid: -
Balance at 31 December 2013: £ 111

Name of director receiving advance or credit: F Akyol
Description of the transaction: Directors loan
Balance at 1 January 2013: -
Advances or credits made: £ 18,162
Advances or credits repaid: -
Balance at 31 December 2013: £ 18,162

Name of director receiving advance or credit: E Icel
Description of the transaction: Directors loan
Balance at 1 January 2013: £ 1,029
Advances or credits made: -
Advances or credits repaid: £ 426
Balance at 31 December 2013: £ 603