Fonejunkie com Limited - Limited company - abbreviated

REGISTERED NUMBER: 05325847 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2014

for

FONEJUNKIE COM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Foulds

Mrs H E Foulds

SECRETARY:

Mrs H E Foulds

REGISTERED OFFICE:

Waterside House

Waterside Business Park

1649 Pershore Road

Birmingham

West Midlands

B30 3DR

REGISTERED NUMBER:

05325847 (England and Wales)

ACCOUNTANTS:

Stanley Yule Chartered Accountants

Waterside House

Waterside Business Park

1649 Pershore Road

Birmingham

West Midlands

B30 3DR

FIXED ASSETS

Intangible assets

2

2,667

4,667

Tangible assets

3

897

6,690

3,564

11,357

CURRENT ASSETS

Stocks

15,000

10,000

Debtors

7,863

17,436

Cash at bank

93,566

50,446

116,429

77,882

CREDITORS

Amounts falling due within one year

98,643

80,897

NET CURRENT ASSETS/(LIABILITIES)

17,786

(3,015

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,350

8,342

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

21,348

8,340

SHAREHOLDERS' FUNDS

21,350

8,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 13 November 2014 and were signed on its
behalf by:

R J Foulds - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax arising from the sale

and supply of accessories. Income is recognised on despatch of goods or on delivery of a service.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% 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.

Cost is defined as the initial purchase price including carriage and postage. Net realisable value is the estimated

proceeds from the sale of items of stock, less all further costs to be incurred in marketing, selling and

distributing the items in question.

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

20,000

AMORTISATION

At 1 March 2013

15,333

Amortisation for year

2,000

At 28 February 2014

17,333

NET BOOK VALUE

At 28 February 2014

2,667

At 28 February 2013

4,667

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

12,439

Disposals

(10,000

)

At 28 February 2014

2,439

DEPRECIATION

At 1 March 2013

5,749

Charge for year

168

Eliminated on disposal

(4,375

)

At 28 February 2014

1,542

NET BOOK VALUE

At 28 February 2014

897

At 28 February 2013

6,690

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

Fonejunkie com Limited - Limited company - abbreviated - 11.6

Fonejunkie com Limited - Limited company - abbreviated - 11.6