Famona Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06876518 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

FAMONA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H K MAKDA

REGISTERED OFFICE:

UNIT 4

SAVER HOUSE

20 KYNOCH ROAD

EDMONTON

London

N18 3BD

REGISTERED NUMBER:

06876518 (England and Wales)

ACCOUNTANTS:

SHABIR NAWAB & CO

11 PORTLAND ROAD

EDGBASTON

BIRMINGHAM

West Midlands

B16 9HN

FIXED ASSETS

Tangible assets

3

111

276

CURRENT ASSETS

Stocks

4

278,672

250,739

Debtors

5

129,918

146,386

Cash at bank and in hand

3,673

5,144

412,263

402,269

CREDITORS

Amounts falling due within one year

6

368,390

364,611

NET CURRENT ASSETS

43,873

37,658

TOTAL ASSETS LESS CURRENT LIABILITIES

43,984

37,934

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

43,884

37,834

SHAREHOLDERS' FUNDS

43,984

37,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 December 2017 and were signed by:

H K MAKDA - Director

1.	STATUTORY INFORMATION

Famona Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

period of the lease.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2016

and 30 April 2017

2,600

DEPRECIATION

At 1 May 2016

2,324

Charge for year

165

At 30 April 2017

2,489

NET BOOK VALUE

At 30 April 2017

111

At 30 April 2016

276

4.

STOCKS

2017

2016

£

£

Finished goods

278,672

250,739

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

70,624

87,311

Sundry debtors

58,000

58,000

Prepayments

1,294

1,075

129,918

146,386

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

56,105

52,410

Tax

3,001

2,745

Social security and other taxes

386

572

Directors' loan accounts

306,150

306,150

Accrued expenses

2,748

2,734

368,390

364,611