Abbreviated Company Accounts - FIBONACCI (UK) LTD

Abbreviated Company Accounts - FIBONACCI (UK) LTD

FIBONACCI (UK) LTD - Company Information

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Registered Number 06799253

FIBONACCI (UK) LTD

Abbreviated Accounts

31 January 2014

FIBONACCI (UK) LTD Registered Number 06799253

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 920 1,150
920 1,150
Current assets
Stocks 2,183 4,952
Debtors 3,440 8,762
Cash at bank and in hand 3,395 2,220
9,018 15,934
Creditors: amounts falling due within one year (4,295) (6,809)
Net current assets (liabilities) 4,723 9,125
Total assets less current liabilities 5,643 10,275
Creditors: amounts falling due after more than one year (43,436) (50,182)
Accruals and deferred income (1,317) (1,368)
Total net assets (liabilities) (39,110) (41,275)
Capital and reserves
Called up share capital 1 1
Profit and loss account (39,111) (41,276)
Shareholders' funds (39,110) (41,275)
  • 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 30 October 2014

And signed on their behalf by:
Ben Doweck, Director

FIBONACCI (UK) LTD Registered Number 06799253

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 comprises invoiced sales less Value Added Tax

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is charged at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives. Office equipment is 20% on straight line balance basis.

Other accounting policies
The company has an interest free unsecured loan from the director, the balance on the loan account as at 31 January 2013 was £43,435 (2013 was £50,182)

2Tangible fixed assets
£
Cost
At 1 February 2013 1,437
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2014 1,437
Depreciation
At 1 February 2013 287
Charge for the year 230
On disposals -
At 31 January 2014 517
Net book values
At 31 January 2014 920
At 31 January 2013 1,150