Abbreviated Company Accounts - FINICRAFT LIMITED

Registered Number 02952095

FINICRAFT LIMITED

Abbreviated Accounts

29 July 2015

FINICRAFT LIMITED Registered Number 02952095

Abbreviated Balance Sheet as at 29 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,421,449	2,421,449
		2,421,449	2,421,449
Current assets
Debtors		517,128	532,573
		517,128	532,573
Creditors: amounts falling due within one year		(1,068,149)	(1,003,057)
Net current assets (liabilities)		(551,021)	(470,484)
Total assets less current liabilities		1,870,428	1,950,965
Creditors: amounts falling due after more than one year		(812,500)	(891,834)
Total net assets (liabilities)		1,057,928	1,059,131
Capital and reserves
Called up share capital		2	2
Revaluation reserve		1,020,000	1,020,000
Profit and loss account		37,926	39,129
Shareholders' funds		1,057,928	1,059,131

For the year ending 29 July 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 7 June 2016

And signed on their behalf by:
Mr E Low, Director

FINICRAFT LIMITED Registered Number 02952095

Notes to the Abbreviated Accounts for the period ended 29 July 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.

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no provision is made for depreciation in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 August 2014	2,421,449
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 July 2015	2,421,449
Depreciation
At 1 August 2014	-
Charge for the year	-
On disposals	-
At 29 July 2015	-
Net book values
At 29 July 2015	2,421,449
At 31 July 2014	2,421,449