Frenchwood (Marketing) Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08525495 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2015

for

Frenchwood (Marketing) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I E French

G J Wood

REGISTERED OFFICE:

Number 17

The Steadings Bus. Centre

Maisemore Court

Maisemore

Gloucestershire

GL2 8EY

REGISTERED NUMBER:

08525495 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Intangible assets

2

277,940

315,000

Tangible assets

3

32,849

42,146

310,789

357,146

CURRENT ASSETS

Debtors

82,859

8,071

Cash at bank

13,884

10,880

96,743

18,951

CREDITORS

Amounts falling due within one year

296,124

311,024

NET CURRENT LIABILITIES

(199,381

)

(292,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

111,408

65,073

CREDITORS

Amounts falling due after more than one year

16,490

24,404

NET ASSETS

94,918

40,669

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

94,818

40,569

SHAREHOLDERS' FUNDS

94,918

40,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 23 September 2015 and were signed on its behalf by:

G J Wood - 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 2013, is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

360,000

Additions

30,000

At 31 March 2015

390,000

AMORTISATION

At 1 April 2014

45,000

Amortisation for year

67,060

At 31 March 2015

112,060

NET BOOK VALUE

At 31 March 2015

277,940

At 31 March 2014

315,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

51,753

Additions

2,082

At 31 March 2015

53,835

DEPRECIATION

At 1 April 2014

9,607

Charge for year

11,379

At 31 March 2015

20,986

NET BOOK VALUE

At 31 March 2015

32,849

At 31 March 2014

42,146

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100