Findley & Son (Cooden) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06549106 (England and Wales)

FINDLEY & SON (COODEN) LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

K B Findley

Mrs M E Findley

SECRETARY:

K B Findley

REGISTERED OFFICE:

215 Cooden Sea Road

Cooden

BEXHILL-ON-SEA

East Sussex

TN39 4TT

REGISTERED NUMBER:

06549106 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Intangible assets

2

37,500

40,625

Tangible assets

3

77,459

77,179

114,959

117,804

CURRENT ASSETS

Debtors

419

323

Cash at bank

23,812

27,997

24,231

28,320

CREDITORS

Amounts falling due within one year

107,271

101,171

NET CURRENT LIABILITIES

(83,040

)

(72,851

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,919

44,953

CREDITORS

Amounts falling due after more than
one year

(18,810

)

(25,731

)

PROVISIONS FOR LIABILITIES

(253

)

(102

)

NET ASSETS

12,856

19,120

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

12,756

19,020

SHAREHOLDERS' FUNDS

12,856

19,120

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 November 2016 and were signed
on its behalf by:

K B Findley - 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 services, 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 twenty years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

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

at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

62,500

AMORTISATION

At 1 April 2015

21,875

Amortisation for year

3,125

At 31 March 2016

25,000

NET BOOK VALUE

At 31 March 2016

37,500

At 31 March 2015

40,625

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

85,892

Additions

1,304

At 31 March 2016

87,196

DEPRECIATION

At 1 April 2015

8,713

Charge for year

1,024

At 31 March 2016

9,737

NET BOOK VALUE

At 31 March 2016

77,459

At 31 March 2015

77,179

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100