Abbreviated Company Accounts - FARSCOPE LIMITED

04981960 FARSCOPE LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 04981960 2013-01-01 2013-12-31 04981960 2013-12-31 04981960 2012-12-31 04981960 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 04981960 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 04981960

FARSCOPE LIMITED

Abbreviated Accounts

31 December 2013

FARSCOPE LIMITED Registered Number 04981960

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	1,108,800	1,111,655
		1,108,800	1,111,655
Current assets
Stocks		8,260	7,620
Debtors		2,613	2,043
Cash at bank and in hand		9,031	4,852
		19,904	14,515
Creditors: amounts falling due within one year	3	(111,157)	(107,130)
Net current assets (liabilities)		(91,253)	(92,615)
Total assets less current liabilities		1,017,547	1,019,040
Creditors: amounts falling due after more than one year	3	(655,235)	(697,827)
Total net assets (liabilities)		362,312	321,213
Capital and reserves
Called up share capital	4	2	2
Revaluation reserve		190,365	190,365
Profit and loss account		171,945	130,846
Shareholders' funds		362,312	321,213

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 January 2015

And signed on their behalf by:
S S Purewal, Director

FARSCOPE LIMITED Registered Number 04981960

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provisions of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Deprecation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life as follows:
Land and building - no provision is made for depreciation on freehold land and building
Fixtures and fittings - 20% reducing balance

Other accounting policies
Stock: Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 January 2013	1,153,183
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	1,153,183
Depreciation
At 1 January 2013	41,528
Charge for the year	2,855
On disposals	-
At 31 December 2013	44,383
Net book values
At 31 December 2013	1,108,800
At 31 December 2012	1,111,655

3Creditors

	2013 £	2012 £
Secured Debts	597,235	639,827
Instalment debts due after 5 years	261,398	303,999

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
2 Ordinary shares of £1 each	2	2