Registered Number 05451672

FEARFACTORY LIMITED

Abbreviated Accounts

30 June 2014

FEARFACTORY LIMITED Registered Number 05451672

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,084 1,275
1,084 1,275
Current assets
Debtors - 51,355
Cash at bank and in hand 40 8
40 51,363
Creditors: amounts falling due within one year (1,259) (21,295)
Net current assets (liabilities) (1,219) 30,068
Total assets less current liabilities (135) 31,343
Total net assets (liabilities) (135) 31,343
Capital and reserves
Called up share capital 3 19,998 50,000
Profit and loss account (20,133) (18,657)
Shareholders' funds (135) 31,343
  • For the year ending 30 June 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 30 March 2015

And signed on their behalf by:
C Pons, Director

FEARFACTORY LIMITED Registered Number 05451672

Notes to the Abbreviated Accounts for the period ended 30 June 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 total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows:
Other tangible assets - 15% written down value

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transactions or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the director considers that it is more likely than
not that there will be suitable taxable profits from which the future reversal of the underlying timing
differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantively
enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 July 2013 1,500
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 1,500
Depreciation
At 1 July 2013 225
Charge for the year 191
On disposals -
At 30 June 2014 416
Net book values
At 30 June 2014 1,084
At 30 June 2013 1,275
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
399,960 Ordinary shares of £0.05 each (1,000,000 shares for 2013) 19,998 50,000