Abbreviated Company Accounts - FLAKEBEST LIMITED

Abbreviated Company Accounts - FLAKEBEST LIMITED

FLAKEBEST LIMITED - Company Information

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Registered Number 01981882

FLAKEBEST LIMITED

Abbreviated Accounts

31 March 2015

FLAKEBEST LIMITED Registered Number 01981882

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,457,783 1,518,559
1,457,783 1,518,559
Current assets
Debtors 3,441 -
Cash at bank and in hand 24,354 36,436
27,795 36,436
Creditors: amounts falling due within one year 3 (151,295) (160,926)
Net current assets (liabilities) (123,500) (124,490)
Total assets less current liabilities 1,334,283 1,394,069
Creditors: amounts falling due after more than one year 3 (540,260) (588,016)
Provisions for liabilities (21,250) -
Total net assets (liabilities) 772,773 806,053
Capital and reserves
Called up share capital 4 170 170
Other reserves 10 10
Profit and loss account 772,593 805,873
Shareholders' funds 772,773 806,053
  • For the year ending 31 March 2015 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 5 August 2015

And signed on their behalf by:
Mr A Penkett, Director

FLAKEBEST LIMITED Registered Number 01981882

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Turnover policy
Turnover represents invoiced rents receivable.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 10% Reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Other accounting policies
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).


Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

2Tangible fixed assets
£
Cost
At 1 April 2014 1,520,003
Additions -
Disposals -
Revaluations (60,500)
Transfers -
At 31 March 2015 1,459,503
Depreciation
At 1 April 2014 1,444
Charge for the year 276
On disposals -
At 31 March 2015 1,720
Net book values
At 31 March 2015 1,457,783
At 31 March 2014 1,518,559
3Creditors
2015
£		 2014
£
Instalment debts due after 5 years 363,502 425,522
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
1,700 Ordinary shares of £0.10 each 170 170