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FIFE VENTURES LIMITED




Company Registration Number:
05014625 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st February 2009

End date: 31st January 2010

SUBMITTED

FIFE VENTURES LIMITED

Company Information
for the Period Ended
31st January 2010




Director: Ryan Fife
Company secretary: Yu Kyoung Fife
Registered office: 20 Brookside
Carshalton
Surrey
SM5 3BW
GBR
Company Registration Number: 05014625 (England and Wales)

FIFE VENTURES LIMITED

Abbreviated Balance sheet
As at 31st January 2010

Notes 2010
£
2009
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 4 3,677 5,029
Total fixed assets: 3,677 5,029
Current assets
Stocks: 0 0
Debtors: 22,652 42,439
Cash at bank and in hand: 136,241 215,345
Total current assets: 158,893 257,784
Creditors
Creditors: amounts falling due within one year 1,929 69,776
Net current assets (liabilities): 156,964 188,008
Total assets less current liabilities: 160,641 193,037
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 .0
Total net assets (liabilities): 160,641 193,037

The notes form part of these financial statements

FIFE VENTURES LIMITED

Abbreviated Balance sheet
As at 31st January 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 0 0
Revaluation reserve: 0 0
Profit and Loss account: 160,641 193,037
Total shareholders funds: 160,641 193,037

For the year ending 31 January 2010 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.

The financial statements were approved by the Board of Directors on 25 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: Ryan Fife
Status: Director

The notes form part of these financial statements

FIFE VENTURES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st January 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements 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 in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 33% on cost, Office Equipment - 33% on cost. Only items costing £200 or more are depreciated.

  • 4. Tangible assets

    Total
    Cost £
    At 01st February 2009: 13,592
    Additions: 3,231
    At 31st January 2010: 16,823
    Depreciation
    At 01st February 2009: 8,563
    Charge for year: 4,583
    At 31st January 2010: 13,146
    Net book value
    At 31st January 2010: 3,677
    At 31st January 2009: 5,029