Abbreviated Company Accounts - FROSTHOLME FURNITURE COMPANY LIMITED

FROSTHOLME FURNITURE COMPANY LIMITED - Company Information

07107586 FROSTHOLME FURNITURE COMPANY LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 07107586 2014-01-01 2014-12-31 07107586 2014-12-31 07107586 2013-12-31 07107586 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07107586 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 07107586

FROSTHOLME FURNITURE COMPANY LIMITED

Abbreviated Accounts

31 December 2014

FROSTHOLME FURNITURE COMPANY LIMITED Registered Number 07107586

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Current assets
Debtors		106,424	267,195
		106,424	267,195
Creditors: amounts falling due within one year		(15)	-
Net current assets (liabilities)		106,409	267,195
Total assets less current liabilities		106,409	267,195
Total net assets (liabilities)		106,409	267,195
Capital and reserves
Called up share capital	2	100,000	100,000
Profit and loss account		6,409	167,195
Shareholders' funds		106,409	267,195

For the year ending 31 December 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 29 September 2015

And signed on their behalf by:
Nicholas Patrick Radford, Director

FROSTHOLME FURNITURE COMPANY LIMITED Registered Number 07107586

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The company did not trade during the year.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic lives as follows:

Plant and machinery - 20% straight line basis

Intangible assets amortisation policy
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Goodwill - 4 years from 1 January 2012

Other accounting policies
Research and development
Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project. Capitalised development expenditure is being written off over four years. Development costs capitalised in the year will be written off over four years from 1 January 2013.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100,000 Ordinary shares of £1 each	100,000	100,000