Micro-entity Accounts - FARION LIMITED

07108660 FARION LIMITED 2017-06-15 false 2017-01-01 2017-06-15 true 07108660 2017-01-01 2017-06-15 07108660 2017-06-15 07108660 2016-12-31 07108660 uk-gaap-cd-bus:Director1 2017-01-01 2017-06-15 07108660 uk-gaap-cd-bus:Director2 2017-01-01 2017-06-15 07108660 uk-gaap-cd-bus:AllEntityOfficers 2017-01-01 2017-06-15 iso4217:GBP shares

Registered Number 07108660

FARION LIMITED

Micro-entity Accounts

15 June 2017

FARION LIMITED Registered Number 07108660

Micro-entity Balance Sheet as at 15 June 2017

	Notes	15/06/2017	31/12/2016
		£	£
Tangible assets	1	-	368,997
Fixed Assets		-	368,997
Current assets
Cash at bank and in hand		-	248
		-	248
Creditors: amounts falling due within one year		-	(4,671)
Net current assets (liabilities)		0	(4,423)
Total assets less current liabilities		0	364,574
Creditors: amounts falling due after more than one year		-	(388,662)
Total net assets (liabilities)		0	(24,088)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(2)	(24,090)
Shareholders' funds		0	(24,088)

For the year ending 15 June 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 June 2017

And signed on their behalf by:
Ms Mary Jane Hoareau, Director

FARION LIMITED Registered Number 07108660

Notes to the Micro-entity Accounts for the period ended 15 June 2017

1Tangible fixed assets

	£
Cost
At 1 January 2017	368,997
Additions	-
Disposals	(368,997)
Revaluations	-
Transfers	-
At 15 June 2017	0
Depreciation
At 1 January 2017	-
Charge for the year	-
On disposals	-
At 15 June 2017	-
Net book values
At 15 June 2017	0
At 31 December 2016	368,997

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with
FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of
discounts and value added taxes. Turnover includes revenue earned from the sale of goods and
from the rendering of services. Turnover from the sale of goods is recognised when the
significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover
from the rendering of services is recognised by reference to the stage of completion of the
contract. The stage of completion of a contract is measured by comparing the costs incurred for
work performed to date to the total estimated contract costs.

Other accounting policies
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the
date of the transaction. At the end of each reporting period foreign currency monetary items are
translated at the closing rate of exchange. Non-monetary items that are measured at historical
cost are translated at the rate ruling at the date of the transaction. All differences are charged to
profit or loss.