FDM_RECORDS_LIMITED - Accounts

FDM RECORDS LIMITED - Company Information

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Company Registration No. 05628273 (England and Wales)

FDM RECORDS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FDM RECORDS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FDM RECORDS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

4,311

5,747

Current assets

Stocks

14,150

14,560

Debtors

1,453

184

Cash at bank and in hand

260

3,382

15,863

18,126

Creditors: amounts falling due within one year

(154,577)

(163,890)

Net current liabilities

(138,714)

(145,764)

Total assets less current liabilities

(134,403)

(140,017)

Capital and reserves

Called up share capital

1,000

Profit and loss account

(135,403)

(141,017)

Shareholders' funds

(134,403)

(140,017)

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2014

Mr K, Concannon

Director

Company Registration No. 05628273

FDM RECORDS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is dependent upon the continued support of the directors and shareholders. It is the directors' opinion that this support will continue for the foreseeable future, and it is on this basis, that the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of such support. In the opinion of the directors, preparing the accounts on a going concern basis will not produce a substantially different result to preparing them on a break-up basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 January 2013 & at 31 December 2013

30,360

Depreciation

At 1 January 2013

24,612

Charge for the year

1,437

At 31 December 2013

26,049

Net book value

At 31 December 2013

4,311

At 31 December 2012

5,747

FDM RECORDS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

Share capital

2013

2012

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000