Registered Number 06478119

FLYING PENGUIN ENTERPRISES LIMITED

Abbreviated Accounts

30 June 2014

FLYING PENGUIN ENTERPRISES LIMITED Registered Number 06478119

Abbreviated Balance Sheet as at 30 June 2014

Notes 30/06/2014 31/12/2012
£ £
Fixed assets
Intangible assets 2 23,890 32,248
Tangible assets 3 32,695 48,866
56,585 81,114
Current assets
Stocks 1,072,000 1,019,500
Debtors 360,288 389,754
Cash at bank and in hand 72,593 145
1,504,881 1,409,399
Creditors: amounts falling due within one year 4 (345,402) (364,882)
Net current assets (liabilities) 1,159,479 1,044,517
Total assets less current liabilities 1,216,064 1,125,631
Creditors: amounts falling due after more than one year 4 (858,836) (767,400)
Provisions for liabilities (4,498) (7,038)
Total net assets (liabilities) 352,730 351,193
Capital and reserves
Called up share capital 250,002 250,002
Profit and loss account 102,728 101,191
Shareholders' funds 352,730 351,193
  • For the year ending 30 June 2014 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.

Approved by the Board on 6 March 2015

And signed on their behalf by:
D Jolly, Director
N I Wilton, Director

FLYING PENGUIN ENTERPRISES LIMITED Registered Number 06478119

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 January 2013 55,725
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 55,725
Amortisation
At 1 January 2013 23,477
Charge for the year 8,358
On disposals -
At 30 June 2014 31,835
Net book values
At 30 June 2014 23,890
At 31 December 2012 32,248

Goodwill is being written off in equal instalments over its estimated useful life of 10 years.

3Tangible fixed assets
£
Cost
At 1 January 2013 129,950
Additions 845
Disposals -
Revaluations -
Transfers -
At 30 June 2014 130,795
Depreciation
At 1 January 2013 81,084
Charge for the year 17,016
On disposals -
At 30 June 2014 98,100
Net book values
At 30 June 2014 32,695
At 31 December 2012 48,866

Depreciation
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates
calculated to write off the cost or valuation, less estimated residual value, of each asset
evenly over its expected useful life, as follows:
Equipment - over 4 years
Motor Vehicles - over 4 years

4Creditors
30/06/2014
£		 31/12/2012
£
Secured Debts 85,062 0
Instalment debts due after 5 years 0 0
Non-instalment debts due after 5 years 0 0