FAO Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07851322 (England and Wales)

Abbreviated Unaudited Accounts

for the year ended

30th June 2016

for

FAO Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Aspdin

G Fabbri

REGISTERED OFFICE:

12b Sun Street

Waltham Abbey

Essex

EN9 1EE

REGISTERED NUMBER:

07851322 (England and Wales)

ACCOUNTANTS:

Apple Accounting Services Ltd

Chartered Management Accountants

12b Sun Street

Waltham Abbey

Essex

EN9 1EE

FIXED ASSETS

Tangible assets

2

-

3,903

CURRENT ASSETS

Debtors

213

-

Cash at bank and in hand

261

2,831

474

2,831

CREDITORS

Amounts falling due within one year

5,144

3,400

NET CURRENT LIABILITIES

(4,670

)

(569

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,670

)

3,334

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(4,770

)

3,234

SHAREHOLDERS' FUNDS

(4,670

)

3,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 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 30th March 2017 and were signed on its behalf by:

S Aspdin - 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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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.

Plant and machinery

-

33% on cost and 25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

The financial statements have been provided on a going concern basis which assumes the continued support of

the company's creditors, directors and shareholders.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

and 30th June 2016

19,938

DEPRECIATION

At 1st July 2015

16,035

Charge for year

3,903

At 30th June 2016

19,938

NET BOOK VALUE

At 30th June 2016

-

At 30th June 2015

3,903

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10,000

Ordinary

1p

100