Foinaven Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03383863 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Foinaven Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M W Beach

SECRETARY:

REGISTERED OFFICE:

Clopton Hall Farm

Giffords Lane,

Wickhambrook

Newmarket

Suffolk

CB8 8PQ

REGISTERED NUMBER:

03383863 (England and Wales)

ACCOUNTANTS:

Accounting Plus UK Ltd

Office 12

The Bentalls Centre

Colchester Road, Heybridge

Maldon

Essex

CM9 4GD

FIXED ASSETS

Tangible assets

2

-

2,002

CURRENT ASSETS

Debtors

169

2,290

Cash at bank

40

84,255

209

86,545

CREDITORS

Amounts falling due within one year

465,625

537,645

NET CURRENT LIABILITIES

(465,416

)

(451,100

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(465,416

)

(449,098

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(465,516

)

(449,198

)

SHAREHOLDERS' FUNDS

(465,416

)

(449,098

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 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 director on 22 December 2014 and were signed by:

M W Beach - 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 services, 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.

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

13,974

DEPRECIATION

At 1 April 2013

11,972

Charge for year

2,002

At 31 March 2014

13,974

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

2,002

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Company owed the director, Mr M Beach 2014 £465 625 at (2013 £537,645 )