Finders International Limited - Limited company - abbreviated - 11.0.0

Finders International Limited - Limited company - abbreviated - 11.0.0

FINDERS INTERNATIONAL LIMITED - Company Information

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REGISTERED NUMBER: 02551332 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Finders International Limited

Finders International Limited (Registered number: 02551332)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Finders International Limited

Company Information
for the Year Ended 31 December 2013







DIRECTORS: Mr R Czik
Mrs J Czik
Mrs K Bunyan
Mrs R Desrosiers



SECRETARY: Mrs J Czik



REGISTERED OFFICE: Orchard House
Winchet Hill
Goudhurst
Kent
TN17 1JY



REGISTERED NUMBER: 02551332 (England and Wales)



ACCOUNTANTS: McLean Reid
Chartered Accountants
1 Forstal Road
Aylesford
Kent
ME20 7AU



BANKERS: HSBC Plc
59 High Street
Tenterden
Kent
TN30 6BE
Page 1
Finders International Limited (Registered number: 02551332)

Abbreviated Balance Sheet
31 December 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 229,213 253,388
Investments 4 2,625 2,625
231,838 256,013

CURRENT ASSETS
Stocks 567,920 565,983
Debtors 723,169 632,718
Cash at bank 15,806 119,002
1,306,895 1,317,703
CREDITORS
Amounts falling due within one year 683,200 522,967
NET CURRENT ASSETS 623,695 794,736
TOTAL ASSETS LESS CURRENT
LIABILITIES
855,533
1,050,749

PROVISIONS FOR LIABILITIES 17,853 18,771
NET ASSETS 837,680 1,031,978

CAPITAL AND RESERVES
Called up share capital 5 510 510
Revaluation reserve 118,728 118,728
Capital redemption reserve 490 490
Profit and loss account 717,952 912,250
SHAREHOLDERS' FUNDS 837,680 1,031,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 notes form part of these abbreviated accounts

Page 2 continued...
Finders International Limited (Registered number: 02551332)

Abbreviated Balance Sheet - continued
31 December 2013


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 29 September 2014 and were signed on its behalf
by:




Mr R Czik - Director



Mrs K Bunyan - Director


The notes form part of these abbreviated accounts

Page 3
Finders International Limited (Registered number: 02551332)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2013

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern
have been identified by the directors.

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid for the acquistion of a business in 1991, was written off evenly over its
estimated useful life of five years.

Know how, patents and trade marks
Amortisation is provided at the rate of 25% on cost in order to write off the cost of these intangible fixed assets
over their estimated useful life.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Deferred tax
Provision is made at current rates for taxation defered in respect of all material timing differences except to the
extent that, in the opinion of the directors, there is a reasonable possibility that the liability will not arise in the
foreseeable future.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 55,362
AMORTISATION
At 1 January 2013
and 31 December 2013 55,362
NET BOOK VALUE

At 31 December 2013 -
At 31 December 2012 -

Page 4 continued...
Finders International Limited (Registered number: 02551332)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 January 2013
and 31 December 2013 1,014,194
DEPRECIATION
At 1 January 2013 760,806
Charge for year 24,175
At 31 December 2013 784,981
NET BOOK VALUE
At 31 December 2013 229,213
At 31 December 2012 253,388

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2013
and 31 December 2013 2,625
NET BOOK VALUE
At 31 December 2013 2,625
At 31 December 2012 2,625

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
51 Ordinary £1 51 51
130 Ordinary A £1 130 130
129 Ordinary C £1 129 129
200 Ordinary B £1 200 200
510 510

Page 5