Flowers Green Nursery Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05997572

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

FLOWERS GREEN NURSERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs P Harper

S Harper

SECRETARY:

Mrs P Harper

REGISTERED OFFICE:

Railview Lofts

19c Comercial Road

Eastbourne

East Sussex

BN21 3XE

REGISTERED NUMBER:

05997572

ACCOUNTANTS:

LMDB Accountants

Chartered Certified Accountants

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

FIXED ASSETS

Tangible assets

2

8,263

9,743

CURRENT ASSETS

Stocks

26,231

47,960

Debtors

19

14,360

26,250

62,320

CREDITORS

Amounts falling due within one year

3

131,621

144,727

NET CURRENT LIABILITIES

(105,371

)

(82,407

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(97,108

)

(72,664

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

(98,108

)

(73,664

)

SHAREHOLDERS' FUNDS

(97,108

)

(72,664

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 April 2016 and were signed on its
behalf by:

S Harper - Director

1.	ACCOUNTING POLICIES

Going concern

The balance sheet currently shows net liabilities of £97,108 (2014: £72,664). The major creditor of

the business is the Director's loan account which at the balance sheet date had a balance

outstanding of £52,633 (2014: £74,857). The directors will continue to give full support to the

business and as a consequence they consider it appropriate to prepare the accounts on a going

concern basis.

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 January 2015).

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

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 January 2015

49,868

Additions

1,600

Disposals

(3,250

)

At 31 December 2015

48,218

DEPRECIATION

At 1 January 2015

40,125

Charge for year

2,755

Eliminated on disposal

(2,925

)

At 31 December 2015

39,955

NET BOOK VALUE

At 31 December 2015

8,263

At 31 December 2014

9,743

3.

CREDITORS

Creditors include an amount of £ 71,804 (2014 - £ 43,796 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000