F Goddard & Sons Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04367580 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2014

for

F GODDARD & SONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R P Goddard

R Goddard

SECRETARY:

R P Goddard

REGISTERED OFFICE:

Telecom House

125-135 Preston Road

Brighton

East Sussex

BN1 6AF

REGISTERED NUMBER:

04367580 (England and Wales)

ACCOUNTANTS:

McPhersons Walpole Harding

Chartered Certified Accountants

& Statutory Auditors

Telecom House

125-135 Preston Road

Brighton

East Sussex

BN1 6AF

FIXED ASSETS

Tangible assets

2

11,400

13,110

CURRENT ASSETS

Stocks

18,300

18,500

Debtors

56,079

39,607

Cash at bank and in hand

8,816

17,138

83,195

75,245

CREDITORS

Amounts falling due within one year

(90,215

)

(84,536

)

NET CURRENT LIABILITIES

(7,020

)

(9,291

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,380

3,819

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

4,280

3,719

SHAREHOLDERS' FUNDS

4,380

3,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 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 4 August 2014 and were signed on its behalf by:

R P Goddard - Director

R Goddard - Director

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.

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 etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

69,105

Additions

1,462

At 28 February 2014

70,567

DEPRECIATION

At 1 March 2013

55,995

Charge for year

3,172

At 28 February 2014

59,167

NET BOOK VALUE

At 28 February 2014

11,400

At 28 February 2013

13,110

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

100

Ordinary

£1

100

100