FRANK_GOULDING_LIMITED - Accounts

FRANK GOULDING LIMITED - Company Information

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Company Registration No. 00322455 (England and Wales)

FRANK GOULDING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FRANK GOULDING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

FRANK GOULDING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

341,454

349,125

Current assets

Stocks

91,450

67,008

Debtors

895,634

683,478

Cash at bank and in hand

250,969

241,470

1,238,053

991,956

Creditors: amounts falling due within one year

(570,271)

(414,043)

Net current assets

667,782

577,913

Total assets less current liabilities

1,009,236

927,038

Creditors: amounts falling due after more than one year

(5,184)

(9,003)

Provisions for liabilities

(11,344)

(12,039)

992,708

905,996

Capital and reserves

Called up share capital

19,194

Other reserves

7,000

Profit and loss account

966,514

879,802

Shareholders' funds

992,708

905,996

FRANK GOULDING LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 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 member has 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 17 December 2015

A M D Goulding

Director

Company Registration No. 00322455

FRANK GOULDING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

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 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

2% straight line

Plant and machinery

10% reducing balance

Fixtures, fittings & equipment

10% reducing balance

Motor vehicles

25% reducing balance

1.5

Stock and work in progress

Stock and work in progress are valued at the lower of cost including an apportionment of overheads and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

FRANK GOULDING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2014

561,169

Additions

15,550

Disposals

(8,400)

At 31 March 2015

568,319

Depreciation

At 1 April 2014

212,044

On disposals

(4,167)

Charge for the year

18,988

At 31 March 2015

226,865

Net book value

At 31 March 2015

341,454

At 31 March 2014

349,125

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £- (2014 - £13,838).

Share capital

2015

2014

Allotted, called up and fully paid

19,192 Ordinary shares of £1 each

19,192

2 B Ordinary shares of £1 each

19,194

The B Ordinary shares have no rights attached to them other than to receive dividends as and when voted by the company. In the event of the company winding up, they will rank below the Ordinary shares. In the opinion of the directors, the B shares are considered equity shares.

FRANK GOULDING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 5 -

Ultimate parent company

The ultimate parent company is Frank Goulding Investments Limited which owns all of the issued ordinary share capital of the company.

The ultimate controlling party is director A M D Goulding, who owns the majority of the issued share capital in the parent company, Frank Goulding Investments Limited.