REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2014 |
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for |
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Finefront Ltd |
DRAFT |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2014 |
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for |
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Finefront Ltd |
Finefront Ltd (Registered number: 00521358) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
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DRAFT |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Finefront Ltd |
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Company Information |
for the Year Ended 31 December 2014 |
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DRAFT |
DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Finefront Ltd (Registered number: 00521358) |
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Abbreviated Balance Sheet |
31 December 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her responsibilities for: |
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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. |
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The financial statements were approved by the director on
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Finefront Ltd (Registered number: 00521358) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
DRAFT |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
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Turnover |
Turnover represents rents receivable. |
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Tangible fixed assets |
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Land and buildings | - |
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Basis of consolidation |
The company has one subsidiary undertaking however it is exempt from preparing consolidated financial |
statements on the grounds that the group meets the criteria to be classified as a small group. These financial |
statements therefore refer only to the parent undertaking, Finefront Limited. |
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Taxation |
The charge for taxation is based on the result for the year and takes into account taxation deferred because of |
timing differences between the treatment of certain items for accounting and taxation purposes. However, no |
provision is made for taxation deferred on revaluation of the property, as there is reasonable evidence that no |
liability will arise in the foreseeable future. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 January 2014 |
and 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
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Charge for year |
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At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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3. | FIXED ASSET INVESTMENTS |
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2013 | 2012 |
£ | £ |
Investment in subsidiary undertaking at cost | 10,000 | 10,000 |
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The investment comprises 100% of the issued share capital of Norset Office Supplies Limited, which is |
registered in England and Wales, and whose principal activity is the supply of office equipment and stationery. |
The capital and reserves of Norset Office Supplies Limited at 31st December 2014 amounted to £43,988 (2013 - |
£36,710) and its profit for the year ended 31st December 2014 was £9,453 (2013 - £1,509). |
Finefront Ltd (Registered number: 00521358) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2014 |
DRAFT |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary Shares | £1 |
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