The Fletcher Thompson Practice Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03530296 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

THE FLETCHER THOMPSON PRACTICE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms K J Fletcher

REGISTERED OFFICE:

Mill House, 21 High Street

Wicken

Ely

Cambridgeshire

CB7 5XR

REGISTERED NUMBER:

03530296 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

22,475

26,230

22,475

26,230

CURRENT ASSETS

Stocks

7,748

-

Debtors

55,411

60,606

Cash at bank

-

557

63,159

61,163

CREDITORS

Amounts falling due within one year

63,133

53,010

NET CURRENT ASSETS

26

8,153

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,501

34,383

CREDITORS

Amounts falling due after more than one
year

(13,470

)

(18,926

)

PROVISIONS FOR LIABILITIES

(4,495

)

(5,246

)

NET ASSETS

4,536

10,211

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

4,336

10,011

SHAREHOLDERS' FUNDS

4,536

10,211

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 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 30 December 2016 and were signed by:

Ms K J Fletcher - 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

The turnover shown in the profit and loss account represents work done during the year, exclusive of Value

Added Tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair

value. The capital element of the future payments is treated as a liability and the interest is charged to the profit

and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profits on a straight line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

16,000

AMORTISATION

At 1 April 2015

and 31 March 2016

16,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

33,138

Additions

4,991

Disposals

(5,025

)

At 31 March 2016

33,104

DEPRECIATION

At 1 April 2015

6,908

Charge for year

5,635

Eliminated on disposal

(1,914

)

At 31 March 2016

10,629

NET BOOK VALUE

At 31 March 2016

22,475

At 31 March 2015

26,230

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

Ordinary "B"

£1

100

200