FERMOY LONDON LIMITED
REGISTERED NUMBER:
08019613
ABBREVIATED BALANCE SHEET
AS AT
29 JUNE 2016
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CREDITORS:
amounts falling due within one year
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NET CURRENT ASSETS/(LIABILITIES)
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SHAREHOLDERS' FUNDS/(DEFICIT)
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For the year ending 29 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 ("the Act") relating to small companies.
Director's responsibilities:
 
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·
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
·
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
 
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The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf
on
16 June 2017
.
The notes on page 2 form part of these financial statements.
Page 1
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FERMOY LONDON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 JUNE 2016
1.
ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, 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 comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for the services rendered to its customer.
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account.
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2.
SHARE CAPITAL
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Allotted, called up and fully paid
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100
Ordinary
shares of £
1
each
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Page 2
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