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FUNDEMENTAL LTD




Company Registration Number:
05659217 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st January 2009

End date: 31st December 2009

SUBMITTED

FUNDEMENTAL LTD

Company Information
for the Period Ended
31st December 2009




Director: C Tedstone
Company secretary: J Tedstone
Registered office: 2 Brynifor
Mountain Ash
Rhondda Cynon Taff
CF45 3AA
Company Registration Number: 05659217 (England and Wales)

FUNDEMENTAL LTD

Abbreviated Balance sheet
As at 31st December 2009

Notes 2009
£
2008
£
Fixed assets
Tangible assets: 4 8,545 8,800
Total fixed assets: 8,545 8,800
Current assets
Stocks: 77,555 45,000
Debtors: - 1,500
Cash at bank and in hand: 752 3,887
Total current assets: 78,307 50,387
Creditors
Creditors: amounts falling due within one year 6 63,209 45,126
Net current assets (liabilities): 15,098 5,261
Total assets less current liabilities: 23,643 14,061
Total net assets (liabilities): 23,643 14,061

The notes form part of these financial statements

FUNDEMENTAL LTD

Abbreviated Balance sheet
As at 31st December 2009
continued

Notes 2009
£
2008
£
Capital and reserves
Called up share capital: 7 1 1
Profit and Loss account: 23,642 14,060
Total shareholders funds: 23,643 14,061

For the year ending 31 December 2009 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 29 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: C Tedstone
Status: Director

The notes form part of these financial statements

FUNDEMENTAL LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2009

  • 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 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, after taking account of any grants receivable, at the following rates in order to write off each asset over its estimated useful life. Fixtures and Fittings - 15% of written down value.

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

    Other accounting policies

    Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

  • 4. Tangible assets

    Total
    Cost £
    At 01st January 2009: 10,500
    At 31st December 2009: 10,500
    Depreciation
    At 01st January 2009: 1,700
    Charge for year: 255
    At 31st December 2009: 1,955
    Net book value
    At 31st December 2009: 8,545
    At 31st December 2008: 8,800

  • 6. Creditors: amounts falling due within one year

    2009
    £
    2008
    £
    Bank loans and overdrafts: 12,909 8,524
    Trade creditors: 21,733 8,707
    Taxation and social security: 16,416 11,061
    Other creditors: 12,151 16,834
    Total: 63,209 45,126

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 2008
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Total share capital: 1
    Current period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Total share capital: 1