Abbreviated Company Accounts - FUNCTION FACTORY LIMITED

Abbreviated Company Accounts - FUNCTION FACTORY LIMITED

FUNCTION FACTORY LIMITED - Company Information

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Registered Number 08440543

FUNCTION FACTORY LIMITED

Abbreviated Accounts

31 March 2016

FUNCTION FACTORY LIMITED Registered Number 08440543

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 356 1,149
Investments - -
356 1,149
Current assets
Stocks - -
Debtors 1,620 4,800
Investments - -
Cash at bank and in hand 58,335 72,116
59,955 76,916
Prepayments and accrued income - -
Creditors: amounts falling due within one year (38,047) (42,119)
Net current assets (liabilities) 21,908 34,797
Total assets less current liabilities 22,264 35,946
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 22,264 35,946
Capital and reserves
Called up share capital 1,000 1,000
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 21,264 34,946
Shareholders' funds 22,264 35,946
  • For the year ending 31 March 2016 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 18 September 2016

And signed on their behalf by:
M Edie, Director

FUNCTION FACTORY LIMITED Registered Number 08440543

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
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 - 33% on cost

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 April 2015 2,403
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2016 2,403
Depreciation
At 1 April 2015 1,254
Charge for the year 793
On disposals 0
At 31 March 2016 2,047
Net book values
At 31 March 2016 356
At 31 March 2015 1,149