F.B. Tools Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03186327 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

F.B. TOOLS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

E M Brown

SECRETARY:

H J Brown

REGISTERED OFFICE:

1st Floor

264 Manchester Road

Warrington

Cheshire

WA1 3RB

REGISTERED NUMBER:

03186327 (England and Wales)

ACCOUNTANTS:

WatkinsonBlack

Chartered Accountant

1st Floor

264 Manchester Road

Warrington

Cheshire

WA1 3RB

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

292

389

292

389

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

2,235

6,065

Cash at bank

11,496

2,075

15,731

10,140

CREDITORS

Amounts falling due within one year

15,923

10,429

NET CURRENT LIABILITIES

(192

)

(289

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100

100

CAPITAL AND RESERVES

Called up share capital

4

100

100

SHAREHOLDERS' FUNDS

100

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 7 August 2015 and were signed by:

E M Brown - 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 1998, is being amortised evenly over its estimated useful life of four 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

-

25% on reducing balance

Stocks

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

obsolete and slow moving items.

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 May 2014

and 30 April 2015

12,000

AMORTISATION

At 1 May 2014

and 30 April 2015

12,000

NET BOOK VALUE

At 30 April 2015

-

At 30 April 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

13,454

DEPRECIATION

At 1 May 2014

13,065

Charge for year

97

At 30 April 2015

13,162

NET BOOK VALUE

At 30 April 2015

292

At 30 April 2014

389

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

100

Ordinary

£1

100

100