Flame Limited - Abbreviated accounts 16.1

Flame Limited - Abbreviated accounts 16.1

PREPRESS CONTRACTS LIMITED - Company Information

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REGISTERED NUMBER: 02728717 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

FLAME LIMITED

FLAME LIMITED (REGISTERED NUMBER: 02728717)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

FLAME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2015







DIRECTORS: T J Surridge
P A Surridge



SECRETARY: P A Surridge



REGISTERED OFFICE: Dickens House
Guithavon Street
WITHAM
Essex
CM8 1BJ



REGISTERED NUMBER: 02728717 (England and Wales)



ACCOUNTANTS: Baverstocks
Chartered Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ



BANKERS: Barclays Bank Plc
22-24 Upper Marlborough Road
St Albans
Hertfordshire
AL1 3AL
Page 1
FLAME LIMITED (REGISTERED NUMBER: 02728717)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 912 1,804
912 1,804

CURRENT ASSETS
Stocks 37,336 34,967
Debtors 155,331 188,017
Cash at bank and in hand 203,059 140,146
395,726 363,130
CREDITORS
Amounts falling due within one year 75,014 63,047
NET CURRENT ASSETS 320,712 300,083
TOTAL ASSETS LESS CURRENT
LIABILITIES
321,624
301,887

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 321,524 301,787
SHAREHOLDERS' FUNDS 321,624 301,887

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these abbreviated accounts

Page 2 continued...
FLAME LIMITED (REGISTERED NUMBER: 02728717)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2015


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 19 May 2016 and were signed on its behalf by:




T J Surridge - Director



P A Surridge - Director


The notes form part of these abbreviated accounts

Page 3
FLAME LIMITED (REGISTERED NUMBER: 02728717)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of three years.

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 - 33% on cost and 15% on cost
Fixtures and Fittings - 15% on cost
Motor Vehicles - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 75,000
AMORTISATION
At 1 November 2014
and 31 October 2015 75,000
NET BOOK VALUE

At 31 October 2015 -
At 31 October 2014 -

Page 4 continued...
FLAME LIMITED (REGISTERED NUMBER: 02728717)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 171,864
DEPRECIATION
At 1 November 2014 170,060
Charge for year 892
At 31 October 2015 170,952
NET BOOK VALUE
At 31 October 2015 912
At 31 October 2014 1,804

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. ULTIMATE CONTROLLING PARTY

The ultimate controlling entity of the Company is the Director T Surridge.

Page 5