Full Disclosure Ltd
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Registered number: |
08872483
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Abbreviated Balance Sheet |
as at 30 June 2016
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Notes |
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2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
1,387 |
|
|
2,479 |
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Current assets |
Stocks |
|
|
31,429 |
|
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41,454 |
Debtors |
|
|
923 |
|
|
2,767 |
Cash at bank and in hand |
|
|
3,737 |
|
|
6,141 |
|
|
|
36,089 |
|
|
50,362 |
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Creditors: amounts falling due within one year |
|
|
(10,765) |
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(9,564) |
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Net current assets |
|
|
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25,324 |
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40,798 |
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Total assets less current liabilities |
|
|
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26,711 |
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|
43,277 |
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Creditors: amounts falling due after more than one year |
|
|
|
(127,063) |
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(107,000) |
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|
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Net liabilities |
|
|
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(100,352) |
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(63,723) |
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|
|
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Capital and reserves |
Called up share capital |
3 |
|
|
1,154 |
|
|
1,154 |
Profit and loss account |
|
|
|
(101,506) |
|
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(64,877) |
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Shareholders' funds |
|
|
|
(100,352) |
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(63,723) |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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- |
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Mrs Shirine Neill-Modad |
- |
Director |
- |
Approved by the board on 31 March 2017
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Full Disclosure Ltd
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Notes to the Abbreviated unaudited financial statements |
for the year ended 30 June 2016
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|
1 |
Accounting policies |
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Basis of preparation |
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The unaudited financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Going Concern |
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The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months. |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Website |
33.33% straight line
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Computer equipment |
25% straight line |
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
3,394 |
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At 30 June 2016 |
3,394 |
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|
|
|
|
|
|
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Depreciation |
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At 1 July 2015 |
915 |
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Charge for the year |
1,092 |
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At 30 June 2016 |
2,007 |
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|
|
|
|
|
|
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Net book value |
|
At 30 June 2016 |
1,387 |
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At 30 June 2015 |
2,479 |
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|
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3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
0.1p |
|
11,538 |
|
1,154 |
|
1,154 |
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