Abbreviated Company Accounts - FISHER BROS. LIMITED

FISHER BROS. LIMITED - Company Information

03861506 FISHER BROS. LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 03861506 2013-11-01 2014-10-31 03861506 2014-10-31 03861506 2013-10-31 03861506 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 03861506 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director3 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director3 2014-10-31 uk-gaap-cd-bus:Director3 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 03861506

FISHER BROS. LIMITED

Abbreviated Accounts

31 October 2014

FISHER BROS. LIMITED Registered Number 03861506

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	557,750	601,000
		557,750	601,000
Current assets
Cash at bank and in hand		1,003	967
		1,003	967
Creditors: amounts falling due within one year		(23,195)	(22,026)
Net current assets (liabilities)		(22,192)	(21,059)
Total assets less current liabilities		535,558	579,941
Creditors: amounts falling due after more than one year		(637,869)	(638,979)
Total net assets (liabilities)		(102,311)	(59,038)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(102,313)	(59,040)
Shareholders' funds		(102,311)	(59,038)

For the year ending 31 October 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 25 July 2015

And signed on their behalf by:
E Fisher, Director

FISHER BROS. LIMITED Registered Number 03861506

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention and using the going concern basis. The main creditor of the company is £610,067 due to Great Head House Estates Limited, an associated company. Great Head House Estates Limited has agreed to subordinate its debt below those of other creditors until the 31 July 2016. On this basis the financial statements have been prepared using the going concern basis.

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

Tangible assets depreciation policy
Freehold property 5% straight line p.a

2Tangible fixed assets

	£
Cost
At 1 November 2013	865,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	865,000
Depreciation
At 1 November 2013	264,000
Charge for the year	43,250
On disposals	-
At 31 October 2014	307,250
Net book values
At 31 October 2014	557,750
At 31 October 2013	601,000

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2

4Transactions with directors

Name of director receiving advance or credit:	E Fisher
Description of the transaction:	Loan to company
Balance at 1 November 2013:	£ 21,420
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 October 2014:	£ 21,420

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mrs EM Fisher

At 31 October 2013 Mrs E Fisher loan to the company was £21,420
The maximum amount due to Mrs E Fisher in the year under review was £21,420
At 31 October 2014 Mrs E Fisher loan to the company was £21,420

Mrs E Fisher loan is interest free and repayable on demand

5. RELATED PARTY DISCLOSURES

Great Head House Estates Limited

Great Head House Estates Limited and Fisher Bros Limited are related by way of common control: During the year the following transactions took place:

2014

Amounts charged to GHHE Ltd during the year £1,250

Expenses paid by GHHE Ltd on behalf of Fisher Bros Ltd £Nil

Costs invoiced by GHHE Ltd for work done on properties £Nil

Monies transferred from GHHE Ltd to Fisher Bros Ltd £140

Amounts outstanding to GHHE Ltd at 31/10/14 £610,067

Amounts outstanding to GHHE Ltd at 31/10/13 £611,177