Abbreviated Company Accounts - FERN INNOVATION LIMITED

FERN INNOVATION LIMITED - Company Information

07671548 FERN INNOVATION LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 07671548 2014-07-01 2015-06-30 07671548 2015-06-30 07671548 2014-06-30 07671548 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 07671548 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 07671548

FERN INNOVATION LIMITED

Abbreviated Accounts

30 June 2015

FERN INNOVATION LIMITED Registered Number 07671548

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	66,349	729
Investments	3	9	9
		66,358	738
Current assets
Debtors		14,223	318
Cash at bank and in hand		678	10,026
		14,901	10,344
Creditors: amounts falling due within one year		(15,951)	(9,892)
Net current assets (liabilities)		(1,050)	452
Total assets less current liabilities		65,308	1,190
Provisions for liabilities		0	(146)
Total net assets (liabilities)		65,308	1,044
Capital and reserves
Called up share capital	4	10	10
Revaluation reserve		65,836	0
Profit and loss account		(538)	1,034
Shareholders' funds		65,308	1,044

For the year ending 30 June 2015 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 31 March 2016

And signed on their behalf by:
Mr J G Heffernan, Director

FERN INNOVATION LIMITED Registered Number 07671548

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows
Computer equipment - 20% Straight Line

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 July 2014	1,081
Additions	65,836
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	66,917
Depreciation
At 1 July 2014	352
Charge for the year	216
On disposals	-
At 30 June 2015	568
Net book values
At 30 June 2015	66,349
At 30 June 2014	729

3Fixed assets Investments
Cost Brought Forward and Carried Forward £9
NBV Brought Forward and Carried Forward £9

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

	2015 £	2014 £
10 A Ordinary shares of £1 each	10	10