Company Registration No. 07383580 (England and Wales)
FURNITURE BAY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2013
FURNITURE BAY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
FURNITURE BAY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,357
753
Current assets
Stocks
72,296
67,839
Debtors
15,396
16,801
Cash at bank and in hand
26,984
22,683
114,676
107,323
Creditors: amounts falling due within one year
(168,614)
(143,735)
Net current liabilities
(53,938)
(36,412)
Total assets less current liabilities
(52,581)
(35,659)
Capital and reserves
Called up share capital
3
1
2
Profit and loss account
(52,582)
(35,661)
Shareholders' funds
(52,581)
(35,659)
For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 September 2014
Mr C Oskouiefar
Director
Company Registration No. 07383580
FURNITURE BAY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% on a straight line basis
Fixtures, fittings & equipment
25% on a straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2013
1,612
Additions
1,556
At 31 December 2013
3,168
Depreciation
At 1 January 2013
860
Charge for the year
951
At 31 December 2013
1,811
Net book value
At 31 December 2013
1,357
At 31 December 2012
753
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
1 ordinary of £1 each
1
2
2013-12-312013-01-01truetruetruefalsetruetruetmp4ACC.html2014-09-30073835802013-01-012013-12-31073835802013-12-31073835802012-12-31073835802012-12-3107383580uk-bus:Director12013-01-012013-12-3107383580uk-gaap:ComputerEquipment2013-01-012013-12-3107383580uk-gaap:FixturesFittingsToolsEquipment2013-01-012013-12-3107383580uk-bus:OrdinaryShareClass12013-01-012013-12-3107383580uk-bus:OrdinaryShareClass12013-12-3107383580uk-bus:OrdinaryShareClass12012-12-3107383580uk-curr:PoundSterling2013-01-012013-12-31xbrli:purexbrli:sharesiso4217:GBP
