Felbrigg Lodge Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07912850 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2014

for

Felbrigg Lodge Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs D P F Lomax

SECRETARY:

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

44,184

5,715

CURRENT ASSETS

Stocks

4,700

2,950

Debtors

-

43,949

Cash at bank and in hand

7,091

1,350

11,791

48,249

CREDITORS

Amounts falling due within one year

47,433

38,382

NET CURRENT (LIABILITIES)/ASSETS

(35,642

)

9,867

TOTAL ASSETS LESS CURRENT LIABILITIES

8,542

15,582

PROVISIONS FOR LIABILITIES

3,755

1,143

NET ASSETS

4,787

14,439

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

4,687

14,339

SHAREHOLDERS' FUNDS

4,787

14,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 12 October 2014 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 April 2008).

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.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

8,027

Additions

49,586

At 31 January 2014

57,613

DEPRECIATION

At 1 February 2013

2,312

Charge for year

11,117

At 31 January 2014

13,429

NET BOOK VALUE

At 31 January 2014

44,184

At 31 January 2013

5,715

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.14

31.1.13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in Other creditors is an amount of £6,856 (2013 Other debtors £28,144 ) owed to the director of the

company. Interest has been charged on the amount due to the company during the year of £1,235 (2013 :

£1785). The maximum amount outstanding during the year was £57,220.