The Foundries Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07251241 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2015

for

The Foundries Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Carter

B Strode

SECRETARY:

REGISTERED OFFICE:

2nd Floor

3 The Plain

Thornbury

Bristol

BS35 2AG

REGISTERED NUMBER:

07251241 (England and Wales)

ACCOUNTANTS:

Coben Associates

2nd Floor

3 The Plain

Thornbury

Bristol

BS35 2AG

FIXED ASSETS

Tangible assets

2

2,951

4,971

CURRENT ASSETS

Cash at bank

3,043

497

CREDITORS

Amounts falling due within one year

11,366

9,333

NET CURRENT LIABILITIES

(8,323

)

(8,836

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,372

)

(3,865

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(5,374

)

(3,867

)

SHAREHOLDERS' FUNDS

(5,372

)

(3,865

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 February 2016 and were signed on its behalf by:

A Carter - 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.

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 June 2014

7,240

Disposals

(1,036

)

At 31 May 2015

6,204

DEPRECIATION

At 1 June 2014

2,269

Charge for year

984

At 31 May 2015

3,253

NET BOOK VALUE

At 31 May 2015

2,951

At 31 May 2014

4,971

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

2

ordinary

1

2

2