FVF Ltd - Limited company - abbreviated

Abbreviated Unaudited Accounts

for the Period 1 July 2013 to 31 March 2014

for

FVF Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M S Holmes

REGISTERED OFFICE:

2 Melville Street

Falkirk

FK1 1HZ

REGISTERED NUMBER:

SC379742 (Scotland)

ACCOUNTANTS:

Ian Macfarlane & Co.

Chartered Accountants

2 Melville Street

Falkirk

FK1 1HZ

FIXED ASSETS

Tangible assets

2

24,694

21,647

CURRENT ASSETS

Stocks

10,000

8,649

Debtors

105,857

66,122

Cash at bank and in hand

1,750

4,894

117,607

79,665

CREDITORS

Amounts falling due within one year

108,947

72,219

NET CURRENT ASSETS

8,660

7,446

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,354

29,093

PROVISIONS FOR LIABILITIES

4,939

4,330

NET ASSETS

28,415

24,763

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

28,413

24,761

SHAREHOLDERS' FUNDS

28,415

24,763

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

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

The director acknowledges his 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 16 June 2014 and were signed by:

M S Holmes - 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 goods, 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

38,636

Additions

11,600

At 31 March 2014

50,236

DEPRECIATION

At 1 July 2013

16,989

Charge for period

8,553

At 31 March 2014

25,542

NET BOOK VALUE

At 31 March 2014

24,694

At 30 June 2013

21,647

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

30.6.13

value:

£

2

Ordinary "A"

£1

2

FVF Ltd - Limited company - abbreviated - 11.0.0

FVF Ltd - Limited company - abbreviated - 11.0.0