Abbreviated Company Accounts - FILSONS LIMITED

04456172 FILSONS LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 04456172 2014-07-01 2015-06-30 04456172 2015-06-30 04456172 2014-06-30 04456172 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 04456172 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass3 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass3 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass3 2014-06-30 uk-gaap-cd-bus:PreferenceShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:PreferenceShareClass1 2015-06-30 uk-gaap-cd-bus:PreferenceShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 04456172

FILSONS LIMITED

Abbreviated Accounts

30 June 2015

FILSONS LIMITED Registered Number 04456172

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,170,580	682,021
		1,170,580	682,021
Current assets
Debtors		1,548	1,492
Cash at bank and in hand		7,932	10,578
		9,480	12,070
Creditors: amounts falling due within one year		(574,493)	(502,824)
Net current assets (liabilities)		(565,013)	(490,754)
Total assets less current liabilities		605,567	191,267
Total net assets (liabilities)		605,567	191,267
Capital and reserves
Called up share capital	3	480,100	100
Profit and loss account		125,467	191,167
Shareholders' funds		605,567	191,267

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 January 2016

And signed on their behalf by:
R W Adams, Director

FILSONS LIMITED Registered Number 04456172

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and buildings - no depreciation
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Other accounting policies
Deferred taxation
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 July 2014	690,465
Additions	500,929
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	1,191,394
Depreciation
At 1 July 2014	8,444
Charge for the year	12,370
On disposals	-
At 30 June 2015	20,814
Net book values
At 30 June 2015	1,170,580
At 30 June 2014	682,021

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
26 A Ordinary shares of £1 each	26	26
26 B Ordinary shares of £1 each	26	26
48 C Ordinary shares of £1 each	48	48
480,000 Preference shares of £1 each (0 shares for 2014)	480,000	0