Registered Number 06998388

FAL SYSTEMS LIMITED

Abbreviated Accounts

31 March 2013

FAL SYSTEMS LIMITED Registered Number 06998388

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 17,179 22,593
17,179 22,593
Current assets
Stocks 68,999 63,256
Debtors 97,457 299,709
Cash at bank and in hand 2,809 13,528
169,265 376,493
Creditors: amounts falling due within one year (435,670) (493,041)
Net current assets (liabilities) (266,405) (116,548)
Total assets less current liabilities (249,226) (93,955)
Total net assets (liabilities) (249,226) (93,955)
Capital and reserves
Called up share capital 10 10
Profit and loss account (249,236) (93,965)
Shareholders' funds (249,226) (93,955)
  • For the year ending 31 March 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 December 2013

And signed on their behalf by:
C Warden, Director

FAL SYSTEMS LIMITED Registered Number 06998388

Notes to the Abbreviated Accounts for the period ended 31 March 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown is the invoiced value net of VAT and trade discounts

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Equipment 25% Straight line

2Tangible fixed assets
£
Cost
At 1 April 2012 36,162
Additions 6,335
Disposals -
Revaluations -
Transfers -
At 31 March 2013 42,497
Depreciation
At 1 April 2012 13,569
Charge for the year 11,749
On disposals -
At 31 March 2013 25,318
Net book values
At 31 March 2013 17,179
At 31 March 2012 22,593