Faberge Fabrique Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02960325 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 28 February 2016

for

Faberge Fabrique Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr N Kremichenski

Miss O Komarova

SECRETARY:

Mr N Kremichenski

REGISTERED OFFICE:

Wimbledon Dance Academy

71 Woodside

Wimbledon

London

SW19 7AF

REGISTERED NUMBER:

02960325 (England and Wales)

ACCOUNTANTS:

RNS Business Solutions Limited

Chartered Accountants

276 Preston Road

Harrow

Middlesex

HA3 0QA

FIXED ASSETS

Tangible assets

2

12,682

16,620

CURRENT ASSETS

Stocks

8,720

9,640

Debtors

26,208

30,211

Cash at bank and in hand

4,139

2,443

39,067

42,294

CREDITORS

Amounts falling due within one year

(18,895

)

(27,086

)

NET CURRENT ASSETS

20,172

15,208

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,854

31,828

PROVISIONS FOR LIABILITIES

(818

)

(1,064

)

NET ASSETS

32,036

30,764

CAPITAL AND RESERVES

Called up share capital

3

6

Profit and loss account

32,030

30,758

SHAREHOLDERS' FUNDS

32,036

30,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 November 2016 and were signed on its behalf
by:

Mr N Kremichenski - Director

Miss O Komarova - Director

1.	ACCOUNTING POLICIES

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 January 2015).

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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

51,596

Disposals

(2,242

)

At 28 February 2016

49,354

DEPRECIATION

At 1 March 2015

34,976

Charge for year

3,747

Eliminated on disposal

(2,051

)

At 28 February 2016

36,672

NET BOOK VALUE

At 28 February 2016

12,682

At 28 February 2015

16,620

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/16

28/2/15

value:

£

6

Ordinary

£1

6