FOUIN_&_BELL_ARCHITECTS_L - Accounts

FOUIN & BELL ARCHITECTS LIMITED - Company Information

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Company Registration No. SC197402 (Scotland)

FOUIN & BELL ARCHITECTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

FOUIN & BELL ARCHITECTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FOUIN & BELL ARCHITECTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

8,182

13,391

Current assets

Stocks

196,334

220,633

Debtors

546,798

447,047

Cash at bank and in hand

139

383

743,271

668,063

Creditors: amounts falling due within one year

(570,863)

(527,322)

Net current assets

172,408

140,741

Total assets less current liabilities

180,590

154,132

Capital and reserves

Called up share capital

100

Profit and loss account

180,490

154,032

Shareholders' funds

180,590

154,132

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 March 2016

David W Bell

Peter R Fouin

Director

Company Registration No. SC197402

FOUIN & BELL ARCHITECTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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:

Leasehold improvements

Straight Line 10%

Fixtures and fittings & equipment

Straight Line 25%

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock and work in progress

Work in progress includes attributable profit on a proporational basis for contracts for services, performed to date.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

Deferred taxation

Deferred taxation is provided at appropriate rates on all significant timing differences to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

FOUIN & BELL ARCHITECTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2014

20,000

234,287

254,287

Additions

2,982

At 31 July 2015

20,000

237,269

257,269

Depreciation

At 1 August 2014

20,000

220,893

240,893

Charge for the year

8,194

At 31 July 2015

20,000

229,087

249,087

Net book value

At 31 July 2015

8,182

At 31 July 2014

13,391

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100