Abbreviated Company Accounts - 123 PUBLISHING HOUSE LIMITED

123 PUBLISHING HOUSE LIMITED - Company Information

03883873 123 PUBLISHING HOUSE LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03883873 2014-01-01 2014-12-31 03883873 2014-12-31 03883873 2013-12-31 03883873 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03883873 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 iso4217:GBP shares

Registered Number 03883873

123 PUBLISHING HOUSE LIMITED

Abbreviated Accounts

31 December 2014

123 PUBLISHING HOUSE LIMITED Registered Number 03883873

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	244	244
		244	244
Current assets
Stocks		100,416	100,416
Cash at bank and in hand		25	25
		100,441	100,441
Creditors: amounts falling due within one year		(113,838)	(113,838)
Net current assets (liabilities)		(13,397)	(13,397)
Total assets less current liabilities		(13,153)	(13,153)
Total net assets (liabilities)		(13,153)	(13,153)
Capital and reserves
Called up share capital	3	150,000	150,000
Profit and loss account		(163,153)	(163,153)
Shareholders' funds		(13,153)	(13,153)

For the year ending 31 December 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 17 June 2015

And signed on their behalf by:
T M Hamawy, Director

123 PUBLISHING HOUSE LIMITED Registered Number 03883873

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Basic of measurement and preparation of accounts
Basic of accounting
The financial statement have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Small Entities (effective April 2008).
Going concern
The director who is a main creditor of the company (note5) is actively seeking payment for the outstanding trade debtor. The director is seeking new business for the company therefore on the basis of the foregoing the director is of the opinion that the accounts should be prepared on a going concern basis.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & equipment – 25% net book value
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Other accounting policies
Related party transactions
At the balance sheet date £12,744 (2013-£12,744) was due to Funky Stickers Limited and £11,000 (2013-£11,000) was due to Crazy Stationery Limited. These are company’s in which Mr T M Hamawy is a director and majority shareholder.

2Tangible fixed assets

	£
Cost
At 1 January 2014	5,021
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	5,021
Depreciation
At 1 January 2014	4,777
Charge for the year	-
On disposals	-
At 31 December 2014	4,777
Net book values
At 31 December 2014	244
At 31 December 2013	244

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
250,000 Ordinary shares of £1 each	250,000	250,000
150,000 Ordinary shares of £1 each	150,000	150,000