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Abbreviated Unaudited Accounts for the Year Ended 31 October 2014 |
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Folksy Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 October 2014 |
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Folksy Limited |
Folksy Limited (Registered number: 05968981) |
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Contents of the Abbreviated Accounts |
for the year ended 31 October 2014 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Folksy Limited |
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Company Information |
for the year ended 31 October 2014 |
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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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Folksy Limited (Registered number: 05968981) |
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Abbreviated Balance Sheet |
31 October 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
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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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
Folksy Limited (Registered number: 05968981) |
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Abbreviated Balance Sheet - continued |
31 October 2014 |
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The financial statements were approved by the director on
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Folksy Limited (Registered number: 05968981) |
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Notes to the Abbreviated Accounts |
for the year ended 31 October 2014 |
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1. | ACCOUNTING POLICIES |
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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 net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Website development costs |
The initial cost of the website development cost is being amortised over its useful economic life of 5 |
years. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2013 |
and 31 October 2014 |
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AMORTISATION |
At 1 November 2013 |
and 31 October 2014 |
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NET BOOK VALUE |
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At 31 October 2014 |
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At 31 October 2013 |
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Folksy Limited (Registered number: 05968981) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 October 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2013 |
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Additions |
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At 31 October 2014 |
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DEPRECIATION |
At 1 November 2013 |
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Charge for year |
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At 31 October 2014 |
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NET BOOK VALUE |
At 31 October 2014 |
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At 31 October 2013 |
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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 | £1 |
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During the year and in order to assist the company's trading position, the company's director and main |
shareholder Mr J T Boardwell decided to convert his long term loan with the company into share |
capital. |
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This meant that the company issued a further 206,000 ordinary shares of £1.00 each, to which Mr |
Boardwell paid the par value. |