THE FRAME FACTORY LIMITED Accounts filed on 31-12-2014

THE FRAME FACTORY LIMITED - Company Information

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THE FRAME FACTORY LIMITED

Company Registration Number:
07367730 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st January 2014

End date: 31st December 2014

SUBMITTED

Company Information
for the Period Ended 31st December 2014

Director:		Angela Finbow






Registered office:		2a Brodia Road Brodia Road


		London

		N16 0ES
		GB-ENG



Company Registration Number:		07367730 (England and Wales)

Abbreviated Balance sheet
As at 31st December 2014

	Notes	2014 £	2013 £
Fixed assets
Intangible assets:	6	308,621	327,420
Tangible assets:	7	5,015	6,686
Total fixed assets:		313,636	334,106
Current assets
Stocks:		10,025	16,459
Debtors:	9	4,501	3,681
Cash at bank and in hand:		200,803	274,728
Total current assets:		215,329	294,868
Creditors
Creditors: amounts falling due within one year	10	82,004	81,012
Net current assets (liabilities):		133,325	213,856
Total assets less current liabilities:		446,961	547,962
Creditors: amounts falling due after more than one year:	11	338,181	347,550
Total net assets (liabilities):		108,780	200,412

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st December 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	13	100	100
Profit and Loss account:		108,680	200,312
Total shareholders funds:		108,780	200,412

For the year ending 31 December 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 27 September 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Angela Finbow
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The accounts have been prepared under the historical cost accounting rules, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Tangible fixed assets depreciation policy

Depreciation is provided by the company to write off the cost or valuation less the estimated residual value of its tangible fixed assets by equal annual instalments over their useful economic lives as follows: Plant & Machinery - 25% reducing balance Motor Vehicles - 25 % reducing balance

Intangible fixed assets amortisation policy

Goodwill is amortised evenly over 20 years.

Other accounting policies

STOCK: Stock is valued at the lower of cost or net realisable value.

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

6. Intangible assets

	Total
Cost	£
At 01st January 2014:	375,984
	375,984

Amortisation	£
At 01st January 2014:	48,564
Provided during the period:	18,799
At 31st December 2014:	67,363

Net book value	£
At 31st December 2014:	308,621
At 31st December 2013:	327,420

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

7. Tangible assets

	Total
Cost	£
At 01st January 2014:	45,761
At 31st December 2014:	45,761
Depreciation
At 01st January 2014:	39,075
Charge for year:	1,671
At 31st December 2014:	40,746
Net book value
At 31st December 2014:	5,015
At 31st December 2013:	6,686

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

9. Debtors

	2014 £	2013 £
Trade debtors:	2,624	1,294
Prepayments and accrued income:	1,877	2,387
Total:	4,501	3,681

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

10. Creditors: amounts falling due within one year

	2014 £	2013 £
Trade creditors:	16,520	21,357
Taxation and social security:	65,167	49,814
Accruals and deferred income:	317	9,841
Total:	82,004	81,012

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

11. Creditors: amounts falling due after more than one year

	2014 £	2013 £
Other creditors:	338,181	347,550
Total:	338,181	347,550

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

13. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

15. Related party disclosures

Name of the ultimate controlling party during the period:	Angela Finbow, Director

THE FRAME FACTORY LIMITED Accounts filed on 31-12-2014