Felbrigg Lodge Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07912850 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2016

for

Felbrigg Lodge Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs D P F Lomax

REGISTERED OFFICE:

School Lane

Aylmerton

Norwich

Norfolk

NR11 8RA

REGISTERED NUMBER:

07912850 (England and Wales)

ACCOUNTANTS:

Deardens

Trafalgar House

Wellesley Road

Tharston

Norfolk

NR15 2PD

FIXED ASSETS

Tangible assets

2

131,468

77,227

CURRENT ASSETS

Stocks

7,570

6,200

Cash at bank and in hand

40,206

11,889

47,776

18,089

CREDITORS

Amounts falling due within one year

136,966

70,361

NET CURRENT LIABILITIES

(89,190

)

(52,272

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,278

24,955

CREDITORS

Amounts falling due after more than one
year

(15,141

)

(17,921

)

PROVISIONS FOR LIABILITIES

(11,821

)

(3,099

)

NET ASSETS

15,316

3,935

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

15,216

3,835

SHAREHOLDERS' FUNDS

15,316

3,935

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 director acknowledges her 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 director on 16 October 2016 and were signed by:

Mrs D P F Lomax - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to leasehold property over period of lease

Fixtures and fittings 20% reducing balance

Motor vehicles 25% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 February 2015

107,682

Additions

81,815

At 31 January 2016

189,497

DEPRECIATION

At 1 February 2015

30,455

Charge for year

27,574

At 31 January 2016

58,029

NET BOOK VALUE

At 31 January 2016

131,468

At 31 January 2015

77,227

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in Other creditors is an amount of £213 (2015 Other creditors £2,355) owed to the director of

the company.The loan is interest free and has no fixed repayment date.