FLINTSHIRE LED LTD - Period Ending 2016-05-31

Registration number: 09029616

FLINTSHIRE LED LTD

trading as Flintshire LED Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Allen Accountancy Services
Unit 13 Gwenfro Units
Wrexham Technology park
Wrexham
LL13 7YP

FLINTSHIRE LED LTD
trading as Flintshire LED Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
FLINTSHIRE LED LTD
trading as Flintshire LED Limited
for the Year Ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FLINTSHIRE LED LTD for the year ended 31 May 2016 set out on pages 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 FLINTSHIRE LED LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of FLINTSHIRE LED LTD and state those matters that we have agreed to state to them, 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 FLINTSHIRE LED LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that FLINTSHIRE LED LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of FLINTSHIRE LED LTD. You consider that FLINTSHIRE LED LTD 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 accounts of FLINTSHIRE LED LTD. 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 accounts.

......................................

Allen Accountancy Services
Unit 13 Gwenfro Units
Wrexham Technology park
Wrexham
LL13 7YP

21 October 2016

Page 1

FLINTSHIRE LED LTD
trading as Flintshire LED Limited
(Registration number: 09029616)
Abbreviated Balance Sheet at 31 May 2016

		Note			31 May 2016 £			31 May 2015 £
Fixed assets
Tangible fixed assets					696			-
Current assets
Stocks					1,500			-
Debtors					10,928			2,148
Cash at bank and in hand					6,600			73
					19,028			2,221
Creditors: Amounts falling due within one year					(4,124)			(1,819)
Net current assets					14,904			402
Total assets less current liabilities					15,600			402
Creditors: Amounts falling due after more than one year					(14,599)			-
Net assets					1,001			402
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					1,000			401
Shareholders' funds					1,001			402

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 21 October 2016

.........................................
Mr Russell M Parry
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

FLINTSHIRE LED LTD
trading as Flintshire LED Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided to write off fixed assets over their estimated useful lives

Asset class	Depreciation method and rate
Fixtures	25% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		927			927
At 31 May 2016		927			927
Depreciation
Charge for the year		231			231
At 31 May 2016		231			231
Net book value
At 31 May 2016		696			696

Page 3

FLINTSHIRE LED LTD
trading as Flintshire LED Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 May 2016						31 May 2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 4