Ferrari Press Agency Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03707839 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

FERRARI PRESS AGENCY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Gillham

M D Bell

J Gillham

S Bell

SECRETARY:

J Gillham

REGISTERED OFFICE:

2b Westmount Road

Eltham

London

SE9 1JD

REGISTERED NUMBER:

03707839 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

2

1,016

1,163

CURRENT ASSETS

Debtors

6,382

9,240

Cash at bank

42,789

87,911

49,171

97,151

CREDITORS

Amounts falling due within one year

24,938

24,876

NET CURRENT ASSETS

24,233

72,275

TOTAL ASSETS LESS CURRENT LIABILITIES

25,249

73,438

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

25,149

73,338

SHAREHOLDERS' FUNDS

25,249

73,438

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

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

The directors acknowledge their 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 Board of Directors on 1 October 2014 and were signed on its behalf by:

A J Gillham - 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

84,337

Additions

216

At 31 March 2014

84,553

DEPRECIATION

At 1 April 2013

83,174

Charge for year

363

At 31 March 2014

83,537

NET BOOK VALUE

At 31 March 2014

1,016

At 31 March 2013

1,163

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100