Floor Design (IW) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04693069 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Floor Design (IW) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr D Watkins

Mrs D Watkins

Mr S T Watkins

Mrs A Lucas

SECRETARY:

Mrs D Watkins

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

04693069 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

BANKERS:

HSBC

61 High Street

Sandown

Isle of Wight

PO36 8AA

FIXED ASSETS

Tangible assets

2

378,782

379,595

CURRENT ASSETS

Stocks

35,000

30,000

Debtors

72,315

129,098

Cash at bank

27,403

13,747

134,718

172,845

CREDITORS

Amounts falling due within one year

74,437

104,139

NET CURRENT ASSETS

60,281

68,706

TOTAL ASSETS LESS CURRENT LIABILITIES

439,063

448,301

CREDITORS

Amounts falling due after more than one year

3

249,136

255,916

NET ASSETS

189,927

192,385

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

189,827

192,285

SHAREHOLDERS' FUNDS

189,927

192,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 3 March 2016 and were signed on its behalf by:

Mr D Watkins - 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

381,194

DEPRECIATION

At 1 July 2014

1,599

Charge for year

813

At 30 June 2015

2,412

NET BOOK VALUE

At 30 June 2015

378,782

At 30 June 2014

379,595

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.6.15

30.6.14

£

£

Repayable by instalments

190,098

190,098

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Ordinary

£1

100

100