Fable Multimedia Limited - Abbreviated accounts

Fable Multimedia Limited - Abbreviated accounts


Registered number
NI050177
Fable Multimedia Limited
Unaudited Abbreviated Accounts
31 March 2016
Fable Multimedia Limited
Registered number: NI050177
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,189 1,585
Current assets
Debtors 15,192 1,447
Cash at bank and in hand 1,283 4,839
16,475 6,286
Creditors: amounts falling due within one year (9,065) (7,350)
Net current assets/(liabilities) 7,410 (1,064)
Net assets 8,599 521
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 8,597 519
Shareholders' funds 8,599 521
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr G McBreen
Director
Approved by the board on 15 December 2016
Fable Multimedia Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 January 2015).
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% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
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 April 2015 9,434
At 31 March 2016 9,434
Depreciation
At 1 April 2015 7,849
Charge for the year 396
At 31 March 2016 8,245
Net book value
At 31 March 2016 1,189
At 31 March 2015 1,585
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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