ACCOUNTS - Final Accounts preparation

FLANDERS SERVICES LIMITED - Company Information

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Registered number: 09166643

FLANDERS SERVICES LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

Whiting & Partners

Chartered Accountants & Business Advisers

George Court

Bartholomew's Walk

Ely

Cambridgeshire

CB7 4JW

FLANDERS SERVICES LIMITED

REGISTERED NUMBER: 09166643

ABBREVIATED BALANCE SHEET

AS AT 31 MARCH 2015

2015

	Note	£	£
FIXED ASSETS
Tangible assets	2		10,033

CURRENT ASSETS
Stocks	500
Debtors	52,825
Cash at bank	4,679

	58,004
CREDITORS: amounts falling due within one year	(56,207)
NET CURRENT ASSETS		1,797

TOTAL ASSETS LESS CURRENT LIABILITIES

11,830

CAPITAL AND RESERVES
Called up share capital	3	100
Profit and loss account		11,730

SHAREHOLDERS' FUNDS

11,830

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FLANDERS SERVICES LIMITED

ABBREVIATED BALANCE SHEET (continued)

AS AT 31 MARCH 2015

The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2015 and of its profit for the period in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 15 June 2016.

P D Flanders

Director

The notes on pages 3 to 4 form part of these financial statements.

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FLANDERS SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	1.2	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. In respect of long-term contract and contract for on-going services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Turnover is respect of long-term contracts and contract for on-going services is recognised by reference to the stage of completion.

	1.3	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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

				Plant and machinery	-	25% reducing balance
				Office equipment	-	25% reducing balance

	1.4	Stocks
		Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

	1.5	Deferred taxation
		Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
		A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted.

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FLANDERS SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

2.TANGIBLE FIXED ASSETS

		£
	Cost
	At 7 August 2014	-
	Additions	13,377
	At 31 March 2015	13,377

	Depreciation
	At 7 August 2014	-
	Charge for the period	3,344
	At 31 March 2015	3,344

	Net book value
	At 31 March 2015	10,033

3.SHARE CAPITAL

			2015
			£
		Allotted, called up and fully paid

		100 Ordinary shares of £1 each	100

The company has issued 100 ordinary £1 shares during the period and been fully paid.

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