Abbreviated Company Accounts - FOREMOST SIGNS LIMITED

FOREMOST SIGNS LIMITED - Company Information

02673177 FOREMOST SIGNS LIMITED 2014-01-31 false 2013-02-01 2014-01-31 true 02673177 2013-02-01 2014-01-31 02673177 2014-01-31 02673177 2013-01-31 02673177 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 02673177 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 02673177

FOREMOST SIGNS LIMITED

Abbreviated Accounts

31 January 2014

FOREMOST SIGNS LIMITED Registered Number 02673177

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	33,656	13,798
		33,656	13,798
Current assets
Stocks		10,732	9,956
Debtors		39,452	24,116
Cash at bank and in hand		236	230
		50,420	34,302
Creditors: amounts falling due within one year		(69,016)	(32,872)
Net current assets (liabilities)		(18,596)	1,430
Total assets less current liabilities		15,060	15,228
Creditors: amounts falling due after more than one year		(15,000)	(15,000)
Total net assets (liabilities)		60	228
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(40)	128
Shareholders' funds		60	228

For the year ending 31 January 2014 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 20 August 2014

And signed on their behalf by:
P L Thomas, Director

FOREMOST SIGNS LIMITED Registered Number 02673177

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets

	£
Cost
At 1 February 2013	77,923
Additions	33,465
Disposals	(24,402)
Revaluations	-
Transfers	-
At 31 January 2014	86,986
Depreciation
At 1 February 2013	64,125
Charge for the year	9,264
On disposals	(20,059)
At 31 January 2014	53,330
Net book values
At 31 January 2014	33,656
At 31 January 2013	13,798

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100