REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Fane International Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Fane International Limited |
Fane International Limited (Registered number: 06070459) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Fane International Limited |
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Company Information |
for the Year Ended 31 March 2016 |
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DIRECTORS: |
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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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Fane International Limited (Registered number: 06070459) |
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Abbreviated Balance Sheet |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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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/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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 directors acknowledge their 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. |
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The financial statements were approved by the Board of Directors on
by: |
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Fane International Limited (Registered number: 06070459) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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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 January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Intangible assets |
Intangible assets relating to Trademarks are amortised through the profit & loss account evenly over its useful |
life of ten years. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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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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2. | INTANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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AMORTISATION |
At 1 April 2015 |
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Amortisation for year |
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At 31 March 2016 |
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NET BOOK VALUE |
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At 31 March 2016 |
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At 31 March 2015 |
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Fane International Limited (Registered number: 06070459) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
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Ordinary A | £1 |
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Ordinary B | £1 |
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5. | RELATED PARTY DISCLOSURES |
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Precision Devices International Limited |
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A company controlled by Mr A Barnes. |
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During the year the company has sold goods totalling £342 and purchased stock totalling £43,450. The company |
considers these transactions to be at market value. The company has made net advances to Precision Devices |
International Limited totalling £62,913. The loan is interest free and repayable on demand. |
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31.3.16 | 31.3.15 |
£ | £ |
Amount due from/(to) related party at the balance sheet date |
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A director and shareholder of the company. |
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During the year dividends totalling £38,075 were voted to the director. The net aggregated amount paid to the |
company during the year was £4,728. The loan is interest free and repayable on demand. |
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31.3.16 | 31.3.15 |
£ | £ |
Amount due to related party at the balance sheet date |
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Fane International Limited (Registered number: 06070459) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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5. | RELATED PARTY DISCLOSURES - continued |
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A director and shareholder of the company. |
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During the year dividends totalling £34,614 were voted to the director. The net aggregated amount paid to the |
company during the year was £4,888. The loan is interest free and repayable on demand. |
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31.3.16 | 31.3.15 |
£ | £ |
Amount due to related party at the balance sheet date |
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A director and shareholder of the company. |
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During the year dividends totalling £18,172 were voted to the director. The net aggregated amount paid to the |
company during the year was £3,676. The loan is interest free and repayable on demand. |
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31.3.16 | 31.3.15 |
£ | £ |
Amount due to related party at the balance sheet date |
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A director and shareholder of the company. |
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During the year dividends totalling £20,768 were voted to the director. The net aggregated amount repaid by the |
company during the year was £2,216. The loan is interest free and repayable on demand. |
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31.3.16 | 31.3.15 |
£ | £ |
Amount due to related party at the balance sheet date |
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Emminence Speaker Europe SSAS Retirement Benefit Scheme |
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a Pension Scheme for the benefit of the directors |
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During the year the company was charged rent of £33,000 (2015 £33,000) by the scheme. |
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6. | ULTIMATE CONTROLLING PARTY |
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The company was under the control of Mr A Barnes by virtue of his shareholding in the company. |