Flanagan James Limited - Abbreviated accounts
Flanagan James Limited - Abbreviated accounts
| Registered number |
| Registered number: 08176788 | ||||||||
| Abbreviated Balance Sheet | ||||||||
| as at |
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| Notes | 2016 | 2015 | ||||||
| £ | £ | |||||||
| Fixed assets | ||||||||
| Tangible assets | 2 | |||||||
| Current assets | ||||||||
| Debtors | ||||||||
| Cash at bank and in hand | ||||||||
| Creditors: amounts falling due within one year | ( |
( |
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| Net current assets | ||||||||
| Total assets less current liabilities | ||||||||
| Provisions for liabilities | ( |
- | ||||||
| Net assets | ||||||||
| Capital and reserves | ||||||||
| Called up share capital | 3 | |||||||
| Profit and loss account | ||||||||
| Shareholders' funds | ||||||||
| Mr R Flanagan | ||||||||
| Director | ||||||||
| Approved by the board on |
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| Notes to the Abbreviated Accounts | |||||||||
| for the year ended |
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| 1 | Accounting policies | ||||||||
| Basis of preparation | |||||||||
| Turnover | |||||||||
| Depreciation | |||||||||
| Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | |||||||||
| Fixtures, fittings & equipment | |||||||||
| Deferred taxation | |||||||||
| Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. | |||||||||
| 2 | Tangible fixed assets | £ | |||||||
| Cost | |||||||||
| At 1 September 2015 | |||||||||
| Additions | |||||||||
| At 31 August 2016 | |||||||||
| Depreciation | |||||||||
| At 1 September 2015 | |||||||||
| Charge for the year | |||||||||
| At 31 August 2016 | |||||||||
| Net book value | |||||||||
| At 31 August 2016 | |||||||||
| At 31 August 2015 | |||||||||
| 3 | Share capital | Nominal | 2016 | 2016 | 2015 | ||||
| value | Number | £ | £ | ||||||
| Allotted, called up and fully paid: | |||||||||
| £ |
- | ||||||||
| 4 | Loans to directors | ||||||||
| Description and conditions | B/fwd | Paid | Repaid | C/fwd | |||||
| £ | £ | £ | £ | ||||||
| ( |
( |
( |
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| ( |
( |
( |
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| Of the £11,542 repaid as shown above £3,000 comprised a voted dividend. The balance owed to the director of £1,983 is included within other creditors. The balance has no interest charged thereon. There are no conditions attached to advances to the director, however the director must ensure that any transactions between company and director are not detrimental to the company. |
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| Ultimate controlling party | |||||||||
| The company is under the control of the director Mr R Flanagan, by virtue of his 60% shareholding. | |||||||||