Abbreviated Company Accounts - FUNCTION FACTORY LIMITED

FUNCTION FACTORY LIMITED - Company Information

Registered Number 08440543

FUNCTION FACTORY LIMITED

Abbreviated Accounts

31 March 2015

FUNCTION FACTORY LIMITED Registered Number 08440543

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	1,149	922
Investments		-	-
		1,149	922
Current assets
Stocks		-	-
Debtors		4,800	8,880
Investments		-	-
Cash at bank and in hand		72,116	57,791
		76,916	66,671
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(42,119)	(41,442)
Net current assets (liabilities)		34,797	25,229
Total assets less current liabilities		35,946	26,151
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		35,946	26,151
Capital and reserves
Called up share capital		1,000	1,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		34,946	25,151
Shareholders' funds		35,946	26,151

For the year ending 31 March 2015 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 16 June 2015

And signed on their behalf by:
M Edie, Director

FUNCTION FACTORY LIMITED Registered Number 08440543

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on a straight line basis.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,383
Additions	1,020
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2015	2,403
Depreciation
At 1 April 2014	461
Charge for the year	793
On disposals	0
At 31 March 2015	1,254
Net book values
At 31 March 2015	1,149
At 31 March 2014	922