Flippas-n-Fins Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08920596 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 4 March 2014 to 31 March 2015

for

Flippas-n-Fins Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K J Craddock

REGISTERED OFFICE:

6 Merley Ways

Wimborne

Dorset

BH21 1QN

REGISTERED NUMBER:

08920596 (England and Wales)

ACCOUNTANTS:

Northover & Co Accountants Ltd

132a Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Tangible assets

2

8,575

CURRENT ASSETS

Stocks

57,956

Debtors

1,952

Cash at bank and in hand

8,149

68,057

CREDITORS

Amounts falling due within one year

76,502

NET CURRENT LIABILITIES

(8,445

)

TOTAL ASSETS LESS CURRENT LIABILITIES

130

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

30

SHAREHOLDERS' FUNDS

130

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 27 November 2015 and were signed by:

K J Craddock - 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

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,954

At 31 March 2015

10,954

DEPRECIATION

Charge for period

2,379

At 31 March 2015

2,379

NET BOOK VALUE

At 31 March 2015

8,575

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100