FIRESTORM_TRADING_LIMITED - Accounts

FIRESTORM TRADING LTD. - Company Information

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Company Registration No. 08233070 (England and Wales)

FIRESTORM TRADING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FIRESTORM TRADING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

FIRESTORM TRADING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

964

Current assets

Stocks

50,000

Debtors

51,054

Cash at bank and in hand

7,643

108,697

Creditors: amounts falling due within one year

(90,159)

Net current assets

18,538

Total assets less current liabilities

19,502

Capital and reserves

Called up share capital

Profit and loss account

19,492

Shareholders' funds

19,502

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 July 2015

W Chung

Director

Company Registration No. 08233070

FIRESTORM TRADING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Fixed assets

Tangible assets

Cost

At 1 October 2013

Additions

1,446

At 30 September 2014

1,446

Depreciation

At 1 October 2013

Charge for the year

482

At 30 September 2014

482

Net book value

At 30 September 2014

964

Share capital

2014

Allotted, called up and fully paid

10 of £1 each