Abbreviated Company Accounts - FOREMOST SIGNS LIMITED

FOREMOST SIGNS LIMITED - Company Information

02673177 FOREMOST SIGNS LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 02673177 2014-02-01 2015-01-31 02673177 2015-01-31 02673177 2014-01-31 02673177 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 02673177 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 02673177

FOREMOST SIGNS LIMITED

Abbreviated Accounts

31 January 2015

FOREMOST SIGNS LIMITED Registered Number 02673177

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	28,421	33,656
		28,421	33,656
Current assets
Stocks		8,000	10,732
Debtors		45,610	39,452
Cash at bank and in hand		858	236
		54,468	50,420
Creditors: amounts falling due within one year		(62,513)	(52,126)
Net current assets (liabilities)		(8,045)	(1,706)
Total assets less current liabilities		20,376	31,950
Creditors: amounts falling due after more than one year		(26,413)	(31,890)
Total net assets (liabilities)		(6,037)	60
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(6,137)	(40)
Shareholders' funds		(6,037)	60

For the year ending 31 January 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 13 October 2015

And signed on their behalf by:
P L Thomas, Director

FOREMOST SIGNS LIMITED Registered Number 02673177

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets

	£
Cost
At 1 February 2014	86,986
Additions	2,675
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	89,661
Depreciation
At 1 February 2014	53,330
Charge for the year	7,910
On disposals	-
At 31 January 2015	61,240
Net book values
At 31 January 2015	28,421
At 31 January 2014	33,656

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100