| Font Limited |
| Registered number: |
04969697 |
| Abbreviated Balance Sheet |
| as at 30 November 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
503 |
|
|
671 |
|
| Current assets |
| Debtors |
|
|
12,042 |
|
|
8,101 |
| Cash at bank and in hand |
|
|
41 |
|
|
141 |
|
|
|
12,083 |
|
|
8,242 |
|
| Creditors: amounts falling due within one year |
|
|
(19,876) |
|
|
(17,302) |
|
| Net current liabilities |
|
|
|
(7,793) |
|
|
(9,060) |
|
| Total assets less current liabilities |
|
|
|
(7,290) |
|
|
(8,389) |
|
|
| Provisions for liabilities |
|
|
|
(101) |
|
|
(134) |
|
|
| Net liabilities |
|
|
|
(7,391) |
|
|
(8,523) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(7,491) |
|
|
(8,623) |
|
| Shareholders' funds |
|
|
|
(7,391) |
|
|
(8,523) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| W J Mitchell |
| Director |
| Approved by the board on 26 August 2015 |
|
| Font Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The company's liabilities exceeded its assets at the balance sheet date. The company has received assurances from the director that he will continue to give financial support to the company for twelve months from the date of signing these accounts. On this basis the director considers it appropriate to prepare the accounts on a going concern basis. However, should this financial support not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The company's accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment |
25% p.a. on the reducing balance |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2013 |
2,245 |
|
At 30 November 2014 |
2,245 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2013 |
1,574 |
|
Charge for the year |
168 |
|
At 30 November 2014 |
1,742 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2014 |
503 |
|
At 30 November 2013 |
671 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
W J Mitchell |
|
Overdrawn director's account. Interest was charged at 4% p.a. on the outstanding balance between 1st December 2013 and 5th April 2014, after which the loan was interest free. The maximum balance outstanding during the year was £7,524. |
4,756 |
|
2,768 |
|
(925) |
|
6,599 |
|
|
|
4,756 |
|
2,768 |
|
(925) |
|
6,599 |
|
|
|
|
|
|
|
|
|
