Faris International Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06793489 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

FARIS INTERNATIONAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Accountants' Report

5

DIRECTOR:

Mrs V J Brown

REGISTERED OFFICE:

Fellows Hall

12 Brantingham Drive

Ingleby Barwick

Stockton on Tees

Cleveland

TS17 5LS

REGISTERED NUMBER:

06793489 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

FIXED ASSETS

Tangible assets

2

2,969

3,386

CURRENT ASSETS

Debtors

1,726

5,682

Cash at bank

78

2,480

1,804

8,162

CREDITORS

Amounts falling due within one year

26,484

26,720

NET CURRENT LIABILITIES

(24,680

)

(18,558

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,711

)

(15,172

)

CREDITORS

Amounts falling due after more than one year

31,895

41,345

NET LIABILITIES

(53,606

)

(56,517

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(53,607

)

(56,518

)

SHAREHOLDERS' FUNDS

(53,606

)

(56,517

)

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 her 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 24 December 2014 and were signed by:

Mrs V J Brown - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under a going concern basis of accounting. At the balance sheet

date the company's liabilities exceeded its assets by £51,895. Included within liabilities is an amount of £53,395

owed to a director of the company. The director has confirmed that repayment of the loan will not be sought if it

proved to be prejudicial to the company.

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, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

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 provided on the liability method to take account of timing differences between the treatment of

certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in

respect of all material timing differences. The company has not adopted a policy of discounting deferred tax

assets and liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

8,507

Additions

458

At 31 March 2014

8,965

DEPRECIATION

At 1 April 2013

5,121

Charge for year

875

At 31 March 2014

5,996

NET BOOK VALUE

At 31 March 2014

2,969

At 31 March 2013

3,386

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs V J Brown.

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

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

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 Faris International Ltd for the year 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 Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Faris International Ltd in accordance with the terms of our engagement

letter dated 11 September 2013. Our work has been undertaken solely to prepare for your approval the financial

statements of Faris International Ltd and state those matters that we have agreed to state to the director of Faris

International Ltd in this report in accordance with the requirements of the Association of Chartered Certified

Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Faris International 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 Faris

International Ltd. You consider that Faris International Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Faris International 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.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

24 December 2014