Abbreviated Company Accounts - FARLAM LIMITED

Registered Number 03668128

FARLAM LIMITED

Abbreviated Accounts

31 January 2014

FARLAM LIMITED Registered Number 03668128

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	89,864	107,837
Tangible assets	3	95,807	111,302
		185,671	219,139
Current assets
Stocks		38,681	46,261
Debtors		138,363	141,289
Cash at bank and in hand		89,464	90,114
		266,508	277,664
Creditors: amounts falling due within one year		(290,111)	(336,468)
Net current assets (liabilities)		(23,603)	(58,804)
Total assets less current liabilities		162,068	160,335
Creditors: amounts falling due after more than one year		(160,416)	(157,347)
Provisions for liabilities		(5,004)	(6,708)
Total net assets (liabilities)		(3,352)	(3,720)
Capital and reserves
Called up share capital		200	200
Profit and loss account		(3,552)	(3,920)
Shareholders' funds		(3,352)	(3,720)

For the year ending 31 January 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 29 October 2014

And signed on their behalf by:
Mr H S Uppal, Director

FARLAM LIMITED Registered Number 03668128

Notes to the Abbreviated Accounts for the period ended 31 January 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.

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

Tangible assets depreciation policy
Fixtures and fittings - 15% RB
Motor vehicles - 25% RB

Intangible assets amortisation policy
Goodwill purchased is amortised over 20 years

2Intangible fixed assets

	£
Cost
At 1 February 2013	359,457
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	359,457
Amortisation
At 1 February 2013	251,620
Charge for the year	17,973
On disposals	-
At 31 January 2014	269,593
Net book values
At 31 January 2014	89,864
At 31 January 2013	107,837

3Tangible fixed assets

	£
Cost
At 1 February 2013	307,405
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	307,405
Depreciation
At 1 February 2013	196,103
Charge for the year	15,495
On disposals	-
At 31 January 2014	211,598
Net book values
At 31 January 2014	95,807
At 31 January 2013	111,302