Furr Trade Limited - Limited company - abbreviated - 11.9
Furr Trade Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Accounts |
| for the Year Ended 31 July 2015 |
| for |
| FURR TRADE LIMITED |
| FURR TRADE LIMITED (REGISTERED NUMBER: 07324615) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| FURR TRADE LIMITED |
| Company Information |
| for the Year Ended 31 July 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| FURR TRADE LIMITED (REGISTERED NUMBER: 07324615) |
| Abbreviated Balance Sheet |
| 31 July 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| FURR TRADE LIMITED (REGISTERED NUMBER: 07324615) |
| Abbreviated Balance Sheet - continued |
| 31 July 2015 |
| 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 financial statements were approved by the Board of Directors on |
| FURR TRADE LIMITED (REGISTERED NUMBER: 07324615) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover represents the invoiced value of goods supplied for the year, less returns and excluding value added |
| tax. |
| Goodwill |
| Purchased goodwill is stated at cost less amortisation. |
| The goodwill is amortised over its estimated economic life of 5 years on a straight line basis. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less depreciation. |
| Depreciation is calculated to write off the cost of the assets to their estimated residual values by the end of their |
| useful lives at the following annual rate: |
| Computer equipment - 20% straight line |
| Stock |
| Stock is stated at the lower of cost and estimated net realisable value. |
| Deferred tax |
| Provision is made at the expected rate of corporation tax in respect of all timing differences between the |
| recognition of gains and losses in the accounts and tax computations. Deferred taxation assets are recognised |
| only to the extent that it is considered more likely than not that there will be suitable taxable profits in the future |
| from which the underlying timing differences can be deducted. |
| Foreign currencies |
| Assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling |
| at the balance sheet date. |
| Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
| transaction. Exchange differences are taken into account in arriving at the operating profit or loss. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2014 |
| and 31 July 2015 |
| AMORTISATION |
| At 1 August 2014 |
| Amortisation for year |
| At 31 July 2015 |
| NET BOOK VALUE |
| At 31 July 2015 |
| At 31 July 2014 |
| FURR TRADE LIMITED (REGISTERED NUMBER: 07324615) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 July 2015 |
| DEPRECIATION |
| At 1 August 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 July 2015 |
| NET BOOK VALUE |
| At 31 July 2015 |
| At 31 July 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |