Foxon Finishers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05339966 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

Foxon Finishers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Foxon

REGISTERED OFFICE:

17 Duckmoor Road

Ashton

Bristol

BS3 2DD

REGISTERED NUMBER:

05339966 (England and Wales)

ACCOUNTANTS:

P B Accountancy Ltd

17 Duckmoor Road

Ashton

Bristol

BS3 2DD

FIXED ASSETS

Intangible assets

2

-

12,000

Tangible assets

3

7,393

9,784

7,393

21,784

CURRENT ASSETS

Stocks

2,300

2,316

Debtors

5,601

15,709

Cash at bank

9,474

4

17,375

18,029

CREDITORS

Amounts falling due within one year

23,886

39,057

NET CURRENT LIABILITIES

(6,511

)

(21,028

)

TOTAL ASSETS LESS CURRENT LIABILITIES

882

756

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

782

656

SHAREHOLDERS' FUNDS

882

756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 March 2015 and were signed by:

R Foxon - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

120,000

AMORTISATION

At 1 February 2014

108,000

Amortisation for year

12,000

At 31 January 2015

120,000

NET BOOK VALUE

At 31 January 2015

-

At 31 January 2014

12,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

31,907

Additions

856

Disposals

(4,200

)

At 31 January 2015

28,563

DEPRECIATION

At 1 February 2014

22,123

Charge for year

2,500

Eliminated on disposal

(3,453

)

At 31 January 2015

21,170

NET BOOK VALUE

At 31 January 2015

7,393

At 31 January 2014

9,784

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

100

Ordinary

£1

100

100