Fletcher Flooring Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04642871 (England and Wales)

FLETCHER FLOORING LIMITED

TRADING AS

MOLEMI

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs K J Fletcher

Mr D R Fletcher

SECRETARY:

Mr D R Fletcher

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

04642871 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Tangible assets

2

13,347

7,130

CURRENT ASSETS

Stocks

14,895

42,394

Debtors

620

15,525

Cash at bank and in hand

26,210

15,632

41,725

73,551

CREDITORS

Amounts falling due within one year

79,366

80,049

NET CURRENT LIABILITIES

(37,641

)

(6,498

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,294

)

632

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(24,394

)

532

SHAREHOLDERS' FUNDS

(24,294

)

632

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 17 November 2015 and were signed on its behalf by:

Mr D R Fletcher - 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.

Short leasehold

-

Straight line over 5 years

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date.

However deferred tax assets are recognised only to the extent that the directors consider that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted.

Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods

in which the timing difference reverse, based on tax rates and the law enacted or substantively enacted at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

8,862

Additions

8,628

At 31 March 2015

17,490

DEPRECIATION

At 1 April 2014

1,732

Charge for year

2,411

At 31 March 2015

4,143

NET BOOK VALUE

At 31 March 2015

13,347

At 31 March 2014

7,130

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100