F & N (Reading) Ltd - Abbreviated accounts 16.3

F & N (Reading) Ltd - Abbreviated accounts 16.3

F & N (READING) LTD - Company Information

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REGISTERED NUMBER: 08087666 (England and Wales)















Abbreviated Accounts for the Year Ended 30 September 2016

for

F & N (Reading) Ltd

F & N (Reading) Ltd (Registered number: 08087666)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016

DRAFT



Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

F & N (Reading) Ltd

Company Information
for the Year Ended 30 September 2016







DRAFT
DIRECTORS: Mr N Adebowale
Mr F Adebowale





REGISTERED OFFICE: Unit 5 Winnersh Fields
Gazelle close
Winnersh
Wokingham
Berkshire
RG41 5QS





REGISTERED NUMBER: 08087666 (England and Wales)





ACCOUNTANTS: Knox & Eames Chartered Accountants
The Business Centre
Greys Green Farm
Rotherfield Greys
Henley-on-Thames
Oxfordshire
RG9 4QG
Page 1
F & N (Reading) Ltd (Registered number: 08087666)

Abbreviated Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
DRAFT
FIXED ASSETS
Intangible assets 2 200,000 212,500
Tangible assets 3 11,705 10,706
211,705 223,206

CURRENT ASSETS
Debtors 247,692 124,036
Cash at bank 450,315 221,885
698,007 345,921
CREDITORS
Amounts falling due within one year 570,998 347,902
NET CURRENT ASSETS/(LIABILITIES) 127,009 (1,981 )
TOTAL ASSETS LESS CURRENT LIABILITIES 338,714 221,225

CAPITAL AND RESERVES
Called up share capital 4 102 102
Profit and loss account 338,612 221,123
SHAREHOLDERS' FUNDS 338,714 221,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 January 2017 and were signed on its behalf by:




Mr N Adebowale - Director



Mr F Adebowale - Director


The notes form part of these abbreviated accounts

Page 2
F & N (Reading) Ltd (Registered number: 08087666)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2016
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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 goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.

Plant and machinery etc - 33% on cost and 25% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to
the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 250,000
AMORTISATION
At 1 October 2015 37,500
Amortisation for year 12,500
At 30 September 2016 50,000
NET BOOK VALUE

At 30 September 2016 200,000
At 30 September 2015 212,500

Page 3 continued...
F & N (Reading) Ltd (Registered number: 08087666)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016
DRAFT

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 31,084
Additions 8,802
At 30 September 2016 39,886
DEPRECIATION
At 1 October 2015 20,378
Charge for year 7,803
At 30 September 2016 28,181
NET BOOK VALUE
At 30 September 2016 11,705
At 30 September 2015 10,706

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary A Shares £1.00 100 100
2 Ordinary B Shares £1.00 2 2
102 102

Page 4