FLOORTECH_OF_SCARBOROUGH_ - Accounts

FLOORTECH OF SCARBOROUGH LIMITED - Company Information

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Company Registration No. 04666455 (England and Wales)

FLOORTECH OF SCARBOROUGH LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

FLOORTECH OF SCARBOROUGH LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

FLOORTECH OF SCARBOROUGH LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

126,698

127,195

Current assets

Stocks

3,920

Debtors

3,335

7,255

Creditors: amounts falling due within one year

(59,589)

(61,759)

Net current liabilities

(59,514)

(54,504)

Total assets less current liabilities

67,184

72,691

Creditors: amounts falling due after more than one year

(60,231)

(63,586)

Provisions for liabilities

(182)

6,771

8,923

Capital and reserves

Called up share capital

Profit and loss account

6,769

8,921

Shareholders' funds

6,771

8,923

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2015

Mr A P Read

Director

Company Registration No. 04666455

FLOORTECH OF SCARBOROUGH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Plant and machinery

15% on reducing balance

Computer equipment

33% on cost

Motor vehicles

25% on reducing balance

Fixed assets

Tangible assets

Cost

At 1 March 2014 & at 28 February 2015

138,186

Depreciation

At 1 March 2014

10,991

Charge for the year

497

At 28 February 2015

11,488

Net book value

At 28 February 2015

126,698

At 28 February 2014

127,195

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each