Fabulous Masterpieces Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08431522 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 6 March 2013 to 31 March 2014

for

Fabulous Masterpieces Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

T F Bertram

Mrs A H Bertram

SECRETARY:

REGISTERED OFFICE:

11 Westville Road

London

W12 9BB

REGISTERED NUMBER:

08431522 (England and Wales)

ACCOUNTANTS:

Grashoff & Co

35 Whellock Road

London

W4 1DY

FIXED ASSETS

Tangible assets

2

1,829

CURRENT ASSETS

Debtors

18,855

Cash at bank

7,856

26,711

CREDITORS

Amounts falling due within one year

26,817

NET CURRENT LIABILITIES

(106

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,723

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,721

SHAREHOLDERS' FUNDS

1,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 30 November 2014 and were signed on its behalf by:

T F Bertram - Director

Mrs A H Bertram - 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 April 2008).

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

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,439

At 31 March 2014

2,439

DEPRECIATION

Charge for period

610

At 31 March 2014

610

NET BOOK VALUE

At 31 March 2014

1,829

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Fabulous Masterpieces Ltd for the period ended 31 March 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Fabulous Masterpieces Ltd, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Fabulous Masterpieces Ltd and state those matters that we have agreed to state to the Board of Directors of Fabulous

Masterpieces Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fabulous Masterpieces Ltd has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fabulous

Masterpieces Ltd. You consider that Fabulous Masterpieces Ltd is exempt from the statutory audit requirement for the

period.

We have not been instructed to carry out an audit or a review of the financial statements of Fabulous Masterpieces Ltd.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Grashoff & Co

35 Whellock Road

London

W4 1DY

Date: .............................................