Fallen Leaf Design Limited FILLETED ACCOUNTS COVER
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Company No. 08413706
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Fallen Leaf Design Limited DIRECTORS REPORT REGISTRAR
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The Director presents his report and the accounts for the year ended 28 February 2017.
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Principal activities
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Director
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The Director who served at any time during the year was as follows:
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A.J. Welsh
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Signed on behalf of the board
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A.J. Welsh
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Director
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10 October 2017
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Fallen Leaf Design Limited BALANCE SHEET REGISTRAR
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at
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Company No.
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Notes
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2017
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2016
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£
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£
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Fixed assets
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Intangible assets
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2
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Tangible assets
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3
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Current assets
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Debtors
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4
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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5
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(
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(
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Net current liabilities
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(
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(
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Total assets less current liabilities
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Net assets
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Capital and reserves
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Called up share capital
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Profit and loss account
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6
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Total equity
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 10 October 2017
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And signed on its behalf by:
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A.J. Welsh
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Director
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10 October 2017
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Fallen Leaf Design Limited NOTES TO THE ACCOUNTS REGISTRAR
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for the year ended 28 February 2017
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1
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Accounting policies
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Basis of preparation
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Taxation
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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Tangible fixed assets and depreciation
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
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Furniture, fittings and equipment
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Trade and other debtors
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Trade and other creditors
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2
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Intangible fixed assets
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Goodwill
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Total
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£
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£
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Cost
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At 1 March 2016
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Additions
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At 28 February 2017
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Amortisation and impairment
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At 1 March 2016
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Charge for the year
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At 28 February 2017
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Net book values
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At 28 February 2017
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At 29 February 2016
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3
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Tangible fixed assets
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Fixtures, fittings and equipment
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Total
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£
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£
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Cost or revaluation
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At 1 March 2016
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Additions
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At 28 February 2017
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Depreciation
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At 1 March 2016
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Charge for the year
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At 28 February 2017
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Net book values
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At 28 February 2017
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At 29 February 2016
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4
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Debtors
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2017
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2016
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£
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£
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Trade debtors
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Prepayments and accrued income
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5
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Creditors:
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amounts falling due within one year
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2017
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2016
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£
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£
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Bank loans and overdrafts
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Trade creditors
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Corporation tax
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Other taxes and social security
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Loans from directors
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Accruals and deferred income
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6
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Reserves
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7
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Dividends
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2017
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2016
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£
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£
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Dividends for the period:
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Dividends paid in the period
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12,350
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15,500
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Dividends by type:
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Equity dividends
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12,350
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15,500
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8
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Related party disclosures
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Controlling party
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Immediate controlling party
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Adam Welsh
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9
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Additional information
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Its registered number is:
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Its registered office is:
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