FRODSHAM_SIGN_&_DISPLAY_L - Accounts

FRODSHAM SIGN & DISPLAY LTD. - Company Information

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Company Registration No. 02699388 (England and Wales)

FRODSHAM SIGN & DISPLAY LTD.

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

FRODSHAM SIGN & DISPLAY LTD.

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FRODSHAM SIGN & DISPLAY LTD.

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

49,684

43,454

Current assets

Stocks

6,500

2,000

Debtors

531,354

365,872

Cash at bank and in hand

22,100

157,499

559,954

525,371

Creditors: amounts falling due within one year

(393,485)

(439,718)

Net current assets

166,469

85,653

Total assets less current liabilities

216,153

129,107

Provisions for liabilities

(8,943)

(8,691)

207,210

120,416

Capital and reserves

Called up share capital

110

Profit and loss account

207,100

120,306

Shareholders' funds

207,210

120,416

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 March 2017

G K Frodsham

Director

Company Registration No. 02699388

FRODSHAM SIGN & DISPLAY LTD.

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for the design and manufacture of signs prior to the balance sheet date net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and equipment

25% per annum on a reducing balance basis

Fixtures and fittings

25% per annum on a reducing balance basis

Motor vehicles

25% per annum on a reducing balance basis

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value. Provision is made for slow-moving or obsolete items.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

FRODSHAM SIGN & DISPLAY LTD.

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2015

69,087

Additions

22,792

At 30 June 2016

91,879

Depreciation

At 1 July 2015

25,633

Charge for the year

16,562

At 30 June 2016

42,195

Net book value

At 30 June 2016

49,684

At 30 June 2015

43,454

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £98,132 (2015 - £0).

Share capital

2016

2015

Allotted, called up and fully paid

80 Ordinary Shares voting of £1 each

30 Ordinary Shares non-voting of £1 each

110

The 30 non-voting ordinary shares above comprise 10 'A' Ordinary shares, 10 'B' Ordinary shares and 10 'C' Ordinary shares.