Abbreviated Company Accounts - FABRIKA INTERIORS LIMITED

FABRIKA INTERIORS LIMITED - Company Information

Registered Number 00764487

FABRIKA INTERIORS LIMITED

Abbreviated Accounts

30 April 2014

FABRIKA INTERIORS LIMITED Registered Number 00764487

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,384	15,000
Investments	3	714,899	101,418
		716,283	116,418
Current assets
Debtors		903	5,022
Cash at bank and in hand		145,616	60,475
		146,519	65,497
Creditors: amounts falling due within one year		(2,129)	(4,959)
Net current assets (liabilities)		144,390	60,538
Total assets less current liabilities		860,673	176,956
Total net assets (liabilities)		860,673	176,956
Capital and reserves
Called up share capital		8,000	8,000
Other reserves		2,188,386	1,250,727
Profit and loss account		(1,335,713)	(1,081,771)
Shareholders' funds		860,673	176,956

For the year ending 30 April 2014 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 12 October 2014

And signed on their behalf by:
J A McCormack, Director
A K McCormack, Director

FABRIKA INTERIORS LIMITED Registered Number 00764487

Notes to the Abbreviated Accounts for the period ended 30 April 2014

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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Fixtures & fittings 20% straight line
Motor vehicles 20% straight line

Other accounting policies
During the year the company sold its freehold property and associated fixtures & fittings for a profit of £937,659 which was transferred to the Capital Redemption Reserve.

2Tangible fixed assets

	£
Cost
At 1 May 2013	32,036
Additions	-
Disposals	(14,773)
Revaluations	-
Transfers	-
At 30 April 2014	17,263
Depreciation
At 1 May 2013	17,036
Charge for the year	2,784
On disposals	(3,941)
At 30 April 2014	15,879
Net book values
At 30 April 2014	1,384
At 30 April 2013	15,000

3Fixed assets Investments
During the year an additional £600,000 was invested and after dividends, interest and fees the valuation at 30th April 2014 was £714,899.