Foott & Still Decorating & Property Main - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04960014 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

Foott & Still Decorating & Property

Maintenance Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R P J Foott

D M Still

SECRETARY:

D M Still

REGISTERED OFFICE:

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

REGISTERED NUMBER:

04960014 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

BANKERS:

Bank of Scotland

600 Gorgie Road

Edinburgh

EH11 3XP

FIXED ASSETS

Intangible assets

2

-

12,900

Tangible assets

3

-

5,839

-

18,739

CURRENT ASSETS

Debtors

-

8,510

Cash at bank

7,418

7,735

7,418

16,245

CREDITORS

Amounts falling due within one year

4

16,381

30,032

NET CURRENT LIABILITIES

(8,963

)

(13,787

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,963

)

4,952

CREDITORS

Amounts falling due after more than one year

4

-

(1,306

)

PROVISIONS FOR LIABILITIES

-

(1,168

)

NET (LIABILITIES)/ASSETS

(8,963

)

2,478

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

(8,965

)

2,476

SHAREHOLDERS' FUNDS

(8,963

)

2,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 22 August 2014 and were signed on its behalf by:

R P J Foott - Director

D M Still - 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 the invoice value of all services and materials supplied during the accounting period,

excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was being amortised

evenly over its estimated useful life of twenty years. However, on cessation of trade at 30 April 2014, the

goodwill is no longer considered to have any market value and provision is made in these accounts to reduce

the net book value to £nil.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

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

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

24,000

AMORTISATION

At 1 May 2013

11,100

Amortisation for year

12,900

At 30 April 2014

24,000

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

12,900

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

14,055

Disposals

(14,055

)

At 30 April 2014

-

DEPRECIATION

At 1 May 2013

8,216

Eliminated on disposal

(8,216

)

At 30 April 2014

-

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

5,839

4.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 2,873 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2