FARNDELL BUILDERS (SUSSEX) LIMITED - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01899223 (England and Wales)

FARNDELL BUILDERS (SUSSEX) LIMITED

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:

T J Farndell

Mrs E M Farndell

M Farndell

L Farndell

SECRETARY:

Mrs E M Farndell

REGISTERED OFFICE:

Oakfield

14 Gossamer Lane

Aldwick

Bognor Regis

West Sussex

PO21 4AY

REGISTERED NUMBER:

01899223 (England and Wales)

ACCOUNTANTS:

David Crook & Co

6 Martineau Close

Bognor Regis

West Sussex

PO21 4BT

FIXED ASSETS

Tangible assets

2

5,754

6,143

CURRENT ASSETS

Stocks

264,303

430,000

Debtors

70,084

28,469

Cash in hand

(11,645

)

(16,882

)

322,742

441,587

CREDITORS

Amounts falling due within one year

244,409

367,361

NET CURRENT ASSETS

78,333

74,226

TOTAL ASSETS LESS CURRENT LIABILITIES

84,087

80,369

CAPITAL AND RESERVES

Called up share capital

3

999

999

Profit and loss account

83,088

79,370

SHAREHOLDERS' FUNDS

84,087

80,369

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 30 December 2015 and were signed on its behalf by:

T J Farndell - 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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

43,769

Additions

1,907

At 31 March 2015

45,676

DEPRECIATION

At 1 April 2014

37,626

Charge for year

2,296

At 31 March 2015

39,922

NET BOOK VALUE

At 31 March 2015

5,754

At 31 March 2014

6,143

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

£

999

Ordinary

£1

999

999