Fabricant Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03536836 (England and Wales)

FABRICANT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Gartland

Mrs M Gartland

SECRETARY:

Mrs M Gartland

REGISTERED OFFICE:

Unit 4, Red House Farm

Bridge Hewick

Ripon

North Yorkshire

HG4 5AY

REGISTERED NUMBER:

03536836 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

FIXED ASSETS

Tangible assets

2

7,801

11,144

CURRENT ASSETS

Stocks

50,450

48,189

Debtors

362,942

336,021

Cash at bank and in hand

141,749

100,285

555,141

484,495

CREDITORS

Amounts falling due within one year

334,846

384,952

NET CURRENT ASSETS

220,295

99,543

TOTAL ASSETS LESS CURRENT
LIABILITIES

228,096

110,687

CREDITORS

Amounts falling due after more than one
year

(20,762

)

-

PROVISIONS FOR LIABILITIES

(1,375

)

(2,003

)

NET ASSETS

205,959

108,684

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

205,859

108,584

SHAREHOLDERS' FUNDS

205,959

108,684

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

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

Mrs M Gartland - 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.

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 - 30% reducing balance

Fixtures and fittings - 30% reducing balance

Motor vehicles - 30% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

98,184

DEPRECIATION

At 1 July 2015

87,040

Charge for year

3,343

At 30 June 2016

90,383

NET BOOK VALUE

At 30 June 2016

7,801

At 30 June 2015

11,144

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	RELATED PARTY DISCLOSURES

Fabricant Limited is the subsidiary of Loadstone Limited, a company incorporated in the United Kingdom, and

under the control of D Gartland.

At the balance sheet date the intercompany balance owed to Fabricant Limited was £340,919 (2015: £317,787)

Services have been provided by Loadstone Limited in the year of £nil (2015: £45,000)

The accounts include interest charged on Directors' current accounts of £3,742 (2015: £6,973) The interest rate

charged was 6% which is considered to be a commercial rate of interest.

The accounts include interest charged on a loan from Mrs M Gartland , the wife of the director, of £12,664

(2015: £11,060) The interest rate charged was 6% which is considered to be a commercial rate of interest.