Fields of Bromsgrove Limited - Abbreviated accounts 16.1

Fields of Bromsgrove Limited - Abbreviated accounts 16.1

FIELD'S OF BROMSGROVE LIMITED - Company Information

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REGISTERED NUMBER: 02444884 (England and Wales)



















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

FIELDS OF BROMSGROVE LIMITED

FIELDS OF BROMSGROVE LIMITED (REGISTERED NUMBER: 02444884)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

FIELDS OF BROMSGROVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: Mrs C L Field
P J Field
T C Field



SECRETARY: Mrs C L Field



REGISTERED OFFICE: Dunley Service Station
Dunley
STOURPORT ON SEVERN
Worcestershire
DY13 0UE



REGISTERED NUMBER: 02444884 (England and Wales)



ACCOUNTANTS: E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF



BANKERS: Lloyds TSB plc
114 - 116 Colmore Row
BIRMINGHAM
West Midlands
B3 3BD
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FIELDS OF BROMSGROVE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Fields of Bromsgrove Limited for the year ended 31 December 2015 which comprise the Profit
and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Fields of Bromsgrove Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fields of Bromsgrove Limited and state those matters that we have agreed to state to the Board of Directors of Fields of Bromsgrove Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fields of Bromsgrove Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fields of Bromsgrove Limited. You consider that Fields of Bromsgrove Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fields of Bromsgrove Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


6 September 2016

This page does not form part of the abbreviated accounts

Page 2
FIELDS OF BROMSGROVE LIMITED (REGISTERED NUMBER: 02444884)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 331,344 353,399

CURRENT ASSETS
Stocks 741,384 643,007
Debtors 184,639 89,730
Cash at bank and in hand 165,446 379,474
1,091,469 1,112,211
CREDITORS
Amounts falling due within one year 318,728 398,966
NET CURRENT ASSETS 772,741 713,245
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,104,085
1,066,644

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 1,103,985 1,066,544
SHAREHOLDERS' FUNDS 1,104,085 1,066,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 6 September 2016 and were signed on its behalf
by:





Mrs C L Field - Director


The notes form part of these abbreviated accounts

Page 3
FIELDS OF BROMSGROVE LIMITED (REGISTERED NUMBER: 02444884)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

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.

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

Freehold property - 2% on cost
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 586,512
DEPRECIATION
At 1 January 2015 233,113
Charge for year 22,055
At 31 December 2015 255,168
NET BOOK VALUE
At 31 December 2015 331,344
At 31 December 2014 353,399

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary 1 100 100

Page 4