Abbreviated Company Accounts - FUNKY FURNITURE HIRE LIMITED

FUNKY FURNITURE HIRE (PROPERTIES) LIMITED - Company Information

Registered Number 07896493

FUNKY FURNITURE HIRE LIMITED

Abbreviated Accounts

30 June 2014

FUNKY FURNITURE HIRE LIMITED Registered Number 07896493

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	20,000	30,000
Tangible assets	3	133,645	39,857
		153,645	69,857
Current assets
Debtors		52,823	65,012
Cash at bank and in hand		67,568	26,568
		120,391	91,580
Creditors: amounts falling due within one year		(85,529)	(74,808)
Net current assets (liabilities)		34,862	16,772
Total assets less current liabilities		188,507	86,629
Total net assets (liabilities)		188,507	86,629
Capital and reserves
Called up share capital		1	1
Profit and loss account		188,506	86,628
Shareholders' funds		188,507	86,629

For the year ending 30 June 2014 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 25 March 2015

And signed on their behalf by:
G MANSFIELD, Director

FUNKY FURNITURE HIRE LIMITED Registered Number 07896493

Notes to the Abbreviated Accounts for the period ended 30 June 2014

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 amounts receivable for goods and services net of vat and trade discounts.

Tangible assets depreciation policy
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 and equipment 10% net book value

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal annual instalmetns over its estiamted useful economic life.

2Intangible fixed assets

	£
Cost
At 1 July 2013	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	30,000
Amortisation
At 1 July 2013	-
Charge for the year	10,000
On disposals	-
At 30 June 2014	10,000
Net book values
At 30 June 2014	20,000
At 30 June 2013	30,000

3Tangible fixed assets

	£
Cost
At 1 July 2013	44,200
Additions	116,918
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	161,118
Depreciation
At 1 July 2013	4,343
Charge for the year	23,130
On disposals	-
At 30 June 2014	27,473
Net book values
At 30 June 2014	133,645
At 30 June 2013	39,857