FABULOUS PROMOTION LIMITED - Abbreviated accounts

FABULOUS PROMOTION LIMITED - Company Information

Registered number

04768250

FABULOUS PROMOTION LIMITED

Abbreviated Accounts

31 May 2015

FABULOUS PROMOTION LIMITED
Registered number:		04768250
Abbreviated Balance Sheet
as at 31 May 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		103			137

Current assets
Debtors		10,776			15,640
Cash at bank and in hand		91			279
		10,867			15,919

Creditors: amounts falling due within one year		(4,293)			(6,163)

Net current assets			6,574			9,756

Net assets			6,677			9,893

Capital and reserves
Called up share capital	3		1,000			1,000
Profit and loss account			5,677			8,893

Shareholder's funds			6,677			9,893

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



ERIC ANDRE
Director
Approved by the board on 20 February 2016

FABULOUS PROMOTION LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 May 2015

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% on reducing balance
	Motor vehicles			25% on reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 June 2014					1,026
	At 31 May 2015					1,026

	Depreciation
	At 1 June 2014					889
	Charge for the year					34
	At 31 May 2015					923

	Net book value
	At 31 May 2015					103
	At 31 May 2014					137


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		1,000		1,000