P & M A Fiddler Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04585077 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2016

FOR

P & M A FIDDLER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Fiddler

Mrs M A Fiddler

SECRETARY:

Mrs M A Fiddler

REGISTERED OFFICE:

Cleggs Farm Cottage

Grange Lane

Hutton

Preston

PR4 5JE

REGISTERED NUMBER:

04585077 (England and Wales)

ACCOUNTANTS:

TLL Accountants

7-9 Station Road

Hesketh Bank

Preston

Lancashire

PR4 6SN

FIXED ASSETS

Intangible assets

2

2,967

4,943

Tangible assets

3

23,309

16,182

26,276

21,125

CURRENT ASSETS

Stocks

4,120

4,437

Debtors

6,919

4,242

Cash at bank

4,583

5,985

15,622

14,664

CREDITORS

Amounts falling due within one year

28,472

31,044

NET CURRENT LIABILITIES

(12,850

)

(16,380

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,426

4,745

CREDITORS

Amounts falling due after more than one
year

13,056

4,222

NET ASSETS

370

523

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

368

521

SHAREHOLDERS' FUNDS

370

523

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 16th March 2017 and were signed on its behalf by:

P Fiddler - 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 goods, excluding value added tax.

Goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful

economic life of that asset as follows:

Goodwill - 8% Straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2015

and 30th November 2016

24,703

AMORTISATION

At 1st December 2015

19,760

Amortisation for year

1,976

At 30th November 2016

21,736

NET BOOK VALUE

At 30th November 2016

2,967

At 30th November 2015

4,943

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2015

46,967

Additions

11,750

At 30th November 2016

58,717

DEPRECIATION

At 1st December 2015

30,785

Charge for year

4,623

At 30th November 2016

35,408

NET BOOK VALUE

At 30th November 2016

23,309

At 30th November 2015

16,182

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

1

2