Abbreviated Company Accounts - FABLE MULTIMEDIA LIMITED

Abbreviated Company Accounts - FABLE MULTIMEDIA LIMITED


Registered Number NI050177

FABLE MULTIMEDIA LIMITED

Abbreviated Accounts

31 March 2014

FABLE MULTIMEDIA LIMITED Registered Number NI050177

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,251 1,668
1,251 1,668
Current assets
Stocks - 8,861
Debtors 12,068 23,573
Cash at bank and in hand 8,148 15,150
20,216 47,584
Creditors: amounts falling due within one year (13,502) (47,173)
Net current assets (liabilities) 6,714 411
Total assets less current liabilities 7,965 2,079
Total net assets (liabilities) 7,965 2,079
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 7,963 2,077
Shareholders' funds 7,965 2,079
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 October 2014

And signed on their behalf by:
Mr G McBreen, Director

FABLE MULTIMEDIA LIMITED Registered Number NI050177

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

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

Tangible assets depreciation policy
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

Other accounting policies
Stock
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.

2Tangible fixed assets
£
Cost
At 1 April 2013 8,571
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 8,571
Depreciation
At 1 April 2013 6,903
Charge for the year 417
On disposals -
At 31 March 2014 7,320
Net book values
At 31 March 2014 1,251
At 31 March 2013 1,668
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
2Ordinary shares of £1 each 2 2