G Farley & Sons Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01061822 (England and Wales)

G FARLEY & SONS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J W Leveridge

D W Leveridge

Mrs L Rowland

SECRETARY:

J W Leveridge

REGISTERED OFFICE:

167 Turners Hill

Chesthunt

Hertfordshire

EN8 9BH

REGISTERED NUMBER:

01061822 (England and Wales)

ACCOUNTANTS:

Brindley Jacob

Chartered Accountants

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

FIXED ASSETS

Tangible assets

2

813

1,302

CURRENT ASSETS

Debtors

12,874

17,519

Cash at bank

1,053

183

13,927

17,702

CREDITORS

Amounts falling due within one year

4,013

7,804

NET CURRENT ASSETS

9,914

9,898

TOTAL ASSETS LESS CURRENT LIABILITIES

10,727

11,200

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

10,627

11,100

SHAREHOLDERS' FUNDS

10,727

11,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 September 2015 and were signed on its behalf by:

J W Leveridge - Director

Mrs L Rowland - 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

43,988

Disposals

(5,968

)

At 31 December 2014

38,020

DEPRECIATION

At 1 January 2014

42,686

Charge for year

237

Eliminated on disposal

(5,716

)

At 31 December 2014

37,207

NET BOOK VALUE

At 31 December 2014

813

At 31 December 2013

1,302

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100