Abbreviated Company Accounts - I-FAKE IT LTD

08386641 I-FAKE IT LTD 2013-12-31 false 2013-02-04 2013-12-31 true 08386641 2013-02-04 2013-12-31 08386641 2013-12-31 08386641 uk-gaap-cd-bus:Director1 2013-02-04 2013-12-31 08386641 uk-gaap-cd-bus:Director2 2013-02-04 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-04 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 08386641

I-FAKE IT LTD

Abbreviated Accounts

31 December 2013

I-FAKE IT LTD Registered Number 08386641

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013
		£
Fixed assets
Tangible assets	2	29,690
		29,690
Current assets
Cash at bank and in hand		965
		965
Creditors: amounts falling due within one year	3	(38,855)
Net current assets (liabilities)		(37,890)
Total assets less current liabilities		(8,200)
Total net assets (liabilities)		(8,200)
Capital and reserves
Called up share capital	4	100
Profit and loss account		(8,300)
Shareholders' funds		(8,200)

For the year ending 31 December 2013 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.

Approved by the Board on 28 July 2014

And signed on their behalf by:
S Elsayed, Director

I-FAKE IT LTD Registered Number 08386641

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are depreciated on a reducing balance basis at 20%

Other accounting policies
Net liabilities exceed net assets by £8,200 at the year end however the directors will continue to support the business and the accounts have been prepared on the going concern basis

2Tangible fixed assets

	£
Cost
Additions	34,929
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	34,929
Depreciation
Charge for the year	5,239
On disposals	-
At 31 December 2013	5,239
Net book values
At 31 December 2013	29,690

3Creditors

	2013 £
Secured Debts	38,855

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £
100 Ordinary shares of £1 each	100