Accounts filed on 30-09-2014

Accounts filed on 30-09-2014

FINE ART CONSULTANCY LIMITED - Company Information

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2013-10-012014-09-3002969398falsetruehttp://www.companieshouse.gov.uk/cd:Director12013-10-012014-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-10-012014-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-10-012014-09-30http://www.companieshouse.gov.uk/2012-10-012013-09-30http://www.companieshouse.gov.uk/2013-10-012014-09-30http://www.companieshouse.gov.uk/2013-09-30http://www.companieshouse.gov.uk/2014-09-30http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-10-012014-09-30http://www.companieshouse.gov.uk/2013-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02969398
FINE ART CONSULTANCY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/09/2014
Prepared By:
P J Fogelman & Co.
Accountants
130 Canalot Studios
222 Kensal Road
London
W10 5BN

FINE ART CONSULTANCY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/09/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 02969398

FINE ART CONSULTANCY LIMITED
Registered Number: 02969398
BALANCE SHEET AT 30/09/2014
20142013
Notes££
FIXED ASSETS
Tangible assets2352469
CURRENT ASSETS
Debtors (amounts falling due within one year)310,7974,317
Cash at bank and in hand42,78712,681
53,58416,998
CREDITORS: Amounts falling due within one year131,356127,163
NET CURRENT LIABILITIES(77,772)(110,165)
TOTAL ASSETS LESS CURRENT LIABILITIES(77,420)(109,696)
CAPITAL AND RESERVES
Called up share capital41010
Profit and loss account(77,430)(109,706)
SHAREHOLDERS' FUNDS(77,420)(109,696)
For the year ending 30/09/2014 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 30/06/2015 and signed on their behalf by
K. M. Bell
Director

FINE ART CONSULTANCY LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

FINE ART CONSULTANCY LIMITED
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/10/20135,8575,857
At 30/09/20145,8575,857
Depreciation
At 01/10/20135,3885,388
For the year117117
At 30/09/20145,5055,505
Net Book Amounts
At 30/09/2014352352
At 30/09/2013469469
3. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors5,345-
VAT5,4524,317
10,7974,317
4. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
10 Class 1 shares of £1 each1010
1010