Abbreviated Company Accounts - FLANAGAN JAMES LTD

FLANAGAN JAMES LTD - Company Information

08176788 FLANAGAN JAMES LTD 2015-08-31 false 2014-09-01 2015-08-31 true 08176788 2014-09-01 2015-08-31 08176788 2015-08-31 08176788 2014-08-31 08176788 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 08176788 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-08-31 iso4217:GBP shares

Registered Number 08176788

FLANAGAN JAMES LTD

Abbreviated Accounts

31 August 2015

FLANAGAN JAMES LTD Registered Number 08176788

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	599	705
		599	705
Current assets
Debtors		4,820	2,331
Cash at bank and in hand		2,410	5,092
		7,230	7,423
Creditors: amounts falling due within one year		(5,481)	(4,315)
Net current assets (liabilities)		1,749	3,108
Total assets less current liabilities		2,348	3,813
Total net assets (liabilities)		2,348	3,813
Capital and reserves
Called up share capital	3	500	500
Profit and loss account		1,848	3,313
Shareholders' funds		2,348	3,813

For the year ending 31 August 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 15 March 2016

And signed on their behalf by:
R A FLANAGAN, Director

FLANAGAN JAMES LTD Registered Number 08176788

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods and services in the ordinary nature of the business. The turnover shown represents the value of goods and services provided to customers net of value added tax.

Tangible assets depreciation policy
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 - fixtures fittings and equipment 15% written down value

2Tangible fixed assets

	£
Cost
At 1 September 2014	975
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	975
Depreciation
At 1 September 2014	270
Charge for the year	106
On disposals	-
At 31 August 2015	376
Net book values
At 31 August 2015	599
At 31 August 2014	705

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

	2015 £	2014 £
300 A Ordinary shares of £1 each	300	300
200 B Ordinary shares of £2 each	400	400