Thurston Fox & Hounds Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06474792 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Thurston Fox & Hounds Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B Ruffles

Mrs M Ruffles

SECRETARY:

Mrs M Ruffles

REGISTERED OFFICE:

Unit 4B

Boldero Road

Bury St Edmunds

Suffolk

IP32 7BS

REGISTERED NUMBER:

06474792 (England and Wales)

ACCOUNTANTS:

Sarah Place Accountants Ltd

Unit 4b

Boldero Road

Bury St Edmunds

Suffolk

IP32 7BS

FIXED ASSETS

Intangible assets

2

24,300

28,348

Tangible assets

3

18,783

17,734

43,083

46,082

CURRENT ASSETS

Stocks

13,871

15,004

Debtors

3,438

3,380

Cash at bank and in hand

28,678

8,058

45,987

26,442

CREDITORS

Amounts falling due within one year

58,186

43,695

NET CURRENT LIABILITIES

(12,199

)

(17,253

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,884

28,829

PROVISIONS FOR LIABILITIES

2,495

2,874

NET ASSETS

28,389

25,955

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

28,289

25,855

SHAREHOLDERS' FUNDS

28,389

25,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 1 August 2016 and were signed on its behalf by:

B Ruffles - Director

Mrs M Ruffles - 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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of fourteen years.

Tangible fixed assets

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

Improvements to property

-

not provided

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 February 2015

and 31 January 2016

56,684

AMORTISATION

At 1 February 2015

28,336

Amortisation for year

4,048

At 31 January 2016

32,384

NET BOOK VALUE

At 31 January 2016

24,300

At 31 January 2015

28,348

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

50,551

Additions

7,288

Disposals

(3,556

)

At 31 January 2016

54,283

DEPRECIATION

At 1 February 2015

32,817

Charge for year

5,342

Eliminated on disposal

(2,659

)

At 31 January 2016

35,500

NET BOOK VALUE

At 31 January 2016

18,783

At 31 January 2015

17,734

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

100

Ordinary

£1

100