REGISTERED NUMBER:
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THE FUNKTION ROOM LIMITED |
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015 |
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DRAFT |
REGISTERED NUMBER:
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THE FUNKTION ROOM LIMITED |
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015 |
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THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2015 |
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DRAFT |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 2 |
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Report of the Accountants | 4 |
THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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ABBREVIATED BALANCE SHEET |
31 MAY 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
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The financial statements were approved by the director on
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THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2015 |
DRAFT |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis on the grounds that the director will |
continue to provide financial support. |
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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). |
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Turnover |
Turnover represents the revenue generated from the sale of goods. Revenue is measured at the fair value of the |
consideration received and receivable. |
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Revenue from goods is recognised at the point of sale and the contractual right to the consideration has been |
earned. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
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Plant and machinery | - 25% on cost |
Fixtures and fittings | - At variable rates on cost |
Computer Equipment | - 25% on cost |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's accounts. It is recognised in respect of all timing |
differences that have originated but not reversed at the balance sheet date. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2014 |
and 31 May 2015 |
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DEPRECIATION |
At 1 June 2014 |
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Charge for year |
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At 31 May 2015 |
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NET BOOK VALUE |
At 31 May 2015 |
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At 31 May 2014 |
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THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MAY 2015 |
DRAFT |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary Shares | £1 |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Other than movements on the director's loan account with the company, there were no other transactions with the |
director during the period. |
THE FUNKTION ROOM LIMITED |
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REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
THE FUNKTION ROOM LIMITED |
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DRAFT |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages one to three) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of The Funktion Room Limited for the year ended 31 May 2015 which comprise the Profit and Loss |
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and |
other professional requirements which are detailed at http://www.cimaglobal.com. |
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This report is made solely to the director of The Funktion Room Limited in accordance with the terms of our |
engagement letter. Our work has been undertaken solely to prepare for your approval of the financial statements of The |
Funktion Room Limited and state those matters that we have agreed to state to the director of The Funktion Room |
Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as |
detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility |
to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that The Funktion Room Limited has kept adequate accounting records and to prepare statutory |
financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Funktion |
Room Limited. You consider that The Funktion Room Limited is exempt from the statutory audit requirement for the |
year. |
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We have not been instructed to carry out an audit or a review of the financial statements of The Funktion Room Limited. |
For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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26 November 2015 |