Registered number
03460592
About Face Limited
Abbreviated Accounts
31 December 2014
Adams Root & Associates Limited
Chartered Certified Accountants
Bristol
About Face Limited
Registered number: 03460592
Abbreviated Balance Sheet
as at 31 December 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 624 1,149
Current assets
Stocks 46,737 49,470
Debtors 14,848 36,837
Cash at bank and in hand 4,424 13,163
66,009 99,470
Creditors: amounts falling due within one year (40,860) (78,702)
Net current assets 25,149 20,768
Net assets 25,773 21,917
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 25,673 21,817
Shareholders' funds 25,773 21,917
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
N Stavrakakis
Director
Approved by the board on 15 June 2015
About Face Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
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.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, fittings and equipment. 20% and 33.3% straight line
0 0
Stocks
Stock is valued at the lower of cost and net realisable value.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Tangible fixed assets £
Cost
At 1 January 2014 23,802
At 31 December 2014 23,802
Depreciation
At 1 January 2014 22,653
Charge for the year 525
At 31 December 2014 23,178
Net book value
At 31 December 2014 624
At 31 December 2013 1,149
3 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
N Stavrakakis
This loan is interest free and there is no fixed date for repayment. 46,148 - (16,322) 29,826
46,148 - (16,322) 29,826
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