Folklaw Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06766474 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Folklaw Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs K Digges

SECRETARY:

J Digges

REGISTERED OFFICE:

Foyle Riding

Red Lane

Oxted

Surrey

RH8 0RT

REGISTERED NUMBER:

06766474 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

3000 Cathedral Hill

Guildford

Surrey

GU2 7YB

FIXED ASSETS

Tangible assets

2

614

1,032

CURRENT ASSETS

Debtors

4,934

2,335

Investments

100,000

-

Cash at bank and in hand

12,725

125,687

117,659

128,022

CREDITORS

Amounts falling due within one year

15,343

21,129

NET CURRENT ASSETS

102,316

106,893

TOTAL ASSETS LESS CURRENT LIABILITIES

102,930

107,925

PROVISIONS FOR LIABILITIES

123

206

NET ASSETS

102,807

107,719

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

102,707

107,619

SHAREHOLDERS' FUNDS

102,807

107,719

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

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

The director acknowledges her 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 director on 8 June 2015 and were signed by:

Mrs K Digges - 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 services, 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

-

50% on reducing balance and 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

2,361

DEPRECIATION

At 1 January 2014

1,329

Charge for year

418

At 31 December 2014

1,747

NET BOOK VALUE

At 31 December 2014

614

At 31 December 2013

1,032

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1.00

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014 and

31 December 2013:

31.12.14

31.12.13

£

£

Mrs K Digges

Balance outstanding at start of year

2,335

-

Amounts advanced

4,934

2,335

Amounts repaid

(2,335

)

-

Balance outstanding at end of year

4,934

2,335

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K Digges.