Abbreviated Company Accounts - FACTORY SHOPPING LIMITED

Abbreviated Company Accounts - FACTORY SHOPPING LIMITED


Registered Number 01144417

FACTORY SHOPPING LIMITED

Abbreviated Accounts

30 September 2014

FACTORY SHOPPING LIMITED Registered Number 01144417

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Creditors: amounts falling due within one year (47,402) (47,402)
Net current assets (liabilities) (47,402) (47,402)
Total assets less current liabilities (47,402) (47,402)
Total net assets (liabilities) (47,402) (47,402)
Capital and reserves
Called up share capital 2 100 100
Profit and loss account (47,502) (47,502)
Shareholders' funds (47,402) (47,402)
  • For the year ending 30 September 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 27 May 2015

And signed on their behalf by:
D Mosselson, Director

FACTORY SHOPPING LIMITED Registered Number 01144417

Notes to the Abbreviated Accounts for the period ended 30 September 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.

Other accounting policies
The accounts have been prepared on a going concern basis even though at the balance sheet date the company's liabilities exceeded its assets by £47,402.

The directors consider the going concern basis to be appropriate because in their opinion the company will continue to obtain sufficient funding from group and other undertakings, on whom is it dependent, to enable it to pay its debts as they fall due.

If the company was unable to obtain sufficient funding to enable it to pay its debts as they fell due, it would be unable to continue trading and adjustments would have to be made to reduce the value of the assets to their realisable amount and to provide for any further liabilities which might arise.

2Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100