ACCOUNTS - Accounts

FIRST FLOOR (FULHAM) LIMITED - Company Information

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Registered number: 02886258

FIRST FLOOR (FULHAM) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FIRST FLOOR (FULHAM) LIMITED

REGISTERED NUMBER: 02886258

ABBREVIATED BALANCE SHEET

AS AT 31 MARCH 2014

2014

2013

	Note	£	£	£	£
FIXED ASSETS
Tangible assets	2		255		341

CURRENT ASSETS
Stocks		1,500		1,500
Debtors	3	23,815		29,491
Cash at bank		62		62

		25,377		31,053
CREDITORS: amounts falling due within one year		(25,221)		(30,626)
NET CURRENT ASSETS			156		427

NET ASSETS

411

768

CAPITAL AND RESERVES
Called up share capital	4	2	2
Profit and loss account		409	766

SHAREHOLDERS' FUNDS

411

768

The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 4 December 2014.

Mrs A Van Winden

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

FIRST FLOOR (FULHAM) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	1.2	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

	1.3	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

				Fixtures and equipment	-	25% reducing balance
				Computer equipment	-	25% reducing balance

	1.4	Operating leases
		Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

	1.5	Stocks and work in progress
		Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.TANGIBLE FIXED ASSETS

		£
	Cost
	At 1 April 2013 and 31 March 2014	8,778

	Depreciation
	At 1 April 2013	8,437
	Charge for the year	86
	At 31 March 2014	8,523

	Net book value
	At 31 March 2014	255
	At 31 March 2013	341

Page 2

FIRST FLOOR (FULHAM) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

3.DEBTORS

Included within other debtors due within one year is a loan to Mrs A Van Winden, a director, amounting to £14,609 (2013 - £18,358).

4.SHARE CAPITAL

	2014	2013
	£	£
Allotted, called up and fully paid

2 Ordinary shares of £1 each	2	2

Page 3