Famous Brand Furniture Limited - Accounts to registrar (filleted) - small 18.2

Famous Brand Furniture Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07977631(England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2020

for

Famous Brand Furniture Limited

Famous Brand Furniture Limited (Registered number: 07977631)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Famous Brand Furniture Limited

Company Information
for the Year Ended 31 March 2020







DIRECTOR: W H Holloway





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





BUSINESS ADDRESS: The Stables
Broad Green
Chrishall
Royston
Hertfordshire
SG8 8QR





REGISTERED NUMBER: 07977631(England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Famous Brand Furniture Limited (Registered number: 07977631)

Abridged Balance Sheet
31 March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 984

CURRENT ASSETS
Debtors - 5,894
Cash at bank and in hand 5,346 119
5,346 6,013
CREDITORS
Amounts falling due within one year - 10,605
NET CURRENT ASSETS/(LIABILITIES) 5,346 (4,592 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,346

(3,608

)

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings 5,345 (3,609 )
SHAREHOLDERS' FUNDS 5,346 (3,608 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 25 January 2021and were signed by:




W H Holloway- Director


Famous Brand Furniture Limited (Registered number: 07977631)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Famous Brand Furniture 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Computer equipment - 20% on cost

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Famous Brand Furniture Limited (Registered number: 07977631)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019 3,380
Disposals (3,380 )
At 31 March 2020 -
DEPRECIATION
At 1 April 2019 2,396
Charge for year 663
Eliminated on disposal (3,059 )
At 31 March 2020 -
NET BOOK VALUE
At 31 March 2020 -
At 31 March 2019 984

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.20 31.3.19
value: £    £   
1 Ordinary £1 1 1