Abbreviated Company Accounts - FORGIE LIMAVADY LIMITED

FORGIE LIMAVADY LIMITED - Company Information

Registered Number NI043932

FORGIE LIMAVADY LIMITED

Abbreviated Accounts

31 March 2016

FORGIE LIMAVADY LIMITED Registered Number NI043932

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	204,161	-
		204,161	-
Current assets
Debtors		2,504	1
Cash at bank and in hand		33,821	-
		36,325	1
Creditors: amounts falling due within one year		(274,028)	0
Net current assets (liabilities)		(237,703)	1
Total assets less current liabilities		(33,542)	1
Total net assets (liabilities)		(33,542)	1
Capital and reserves
Called up share capital		100	1
Profit and loss account		(33,642)	0
Shareholders' funds		(33,542)	1

For the year ending 31 March 2016 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:
D.A. Forgie, Director

FORGIE LIMAVADY LIMITED Registered Number NI043932

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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).

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

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:

Plant and Machinery 10% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2015	0
Additions	226,845
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	226,845
Depreciation
At 1 April 2015	0
Charge for the year	22,684
On disposals	-
At 31 March 2016	22,684
Net book values
At 31 March 2016	204,161
At 31 March 2015	0