Finally Fan-Fair Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02055354 (England and Wales)

FINALLY FAN-FAIR LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M M Hrano

REGISTERED OFFICE:

35 Kingsway

Kirkby in Ashfield

Nottinghamshire

NG17 7DR

REGISTERED NUMBER:

02055354 (England and Wales)

ACCOUNTANTS:

Killicks Limited

35/37 Kingsway

Kirkby in Ashfield

Nottinghamshire

NG17 7DR

FIXED ASSETS

Tangible assets

2

646

964

CURRENT ASSETS

Debtors

822

1,859

Cash at bank

3,808

17,299

4,630

19,158

CREDITORS

Amounts falling due within one year

25,043

20,569

NET CURRENT LIABILITIES

(20,413

)

(1,411

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,767

)

(447

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(19,867

)

(547

)

SHAREHOLDERS' FUNDS

(19,767

)

(447

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 July 2015 and were signed on its behalf by:

M M Hrano - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

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

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Transactions denominated in foreign currencies are translated into sterling at the rate of the exchange ruling at the

date of the transaction. Assets and liabilities in foreign currencies are translated into sterling at rates of exchange

ruling at the end of the financial year. All exchange differences are dealt with in the profit and loss account.

Deferred tax

No deferred tax asset has not been recognised due to the uncertainty of timing and amounts of future profits.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

5,672

DEPRECIATION

At 1 November 2013

4,708

Charge for year

318

At 31 October 2014

5,026

NET BOOK VALUE

At 31 October 2014

646

At 31 October 2013

964

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Goods and Services of £10,906.39 were re-charged during the year to Rockano Ltd, of whom the director M

Hrano, is a controlling party.

Goods and Services of £463.84 were re-charged during the year to Fanatic Ltd, of whom the director M Hrano, is

a controlling party.

Goods and Services of £1513.60 were acquired and paid for during the year from Rockano Ltd, of whom the

director M Hrano, is a controlling party.

Goods and Services of £483.92 were acquired and paid for during the year from Fanatic Ltd, of whom the

director M Hrano, is a controlling party.

Goods and Services of £15,218.00 were acquired and paid for during the year from M Hrano.