Foundry Trade Journal Ltd - Accounts to registrar - small 17.1.1
Foundry Trade Journal Ltd - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2016 |
| FOR |
| FOUNDRY TRADE JOURNAL LTD |
| FOUNDRY TRADE JOURNAL LTD (REGISTERED NUMBER: 09126455) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FOUNDRY TRADE JOURNAL LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2nd Floor |
| Landchard House |
| Victoria Street |
| West Bromwich |
| West Midlands |
| B70 8ER |
| BANKERS: |
| 1/3 Broad Street |
| Hereford |
| Herefordshire |
| HR4 9BH |
| FOUNDRY TRADE JOURNAL LTD (REGISTERED NUMBER: 09126455) |
| BALANCE SHEET |
| 30TH SEPTEMBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| FOUNDRY TRADE JOURNAL LTD (REGISTERED NUMBER: 09126455) |
| BALANCE SHEET - continued |
| 30TH SEPTEMBER 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| FOUNDRY TRADE JOURNAL LTD (REGISTERED NUMBER: 09126455) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2016 |
| 1. | STATUTORY INFORMATION |
| Foundry Trade Journal Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis, under the historical cost cost convention. |
| The company has chosen to early adopt the amended Financial Reporting Standard 102 (September 2015). These financial |
| statements for the year ended 30th June 2016 are the first financial statements that comply with FRS 102 Section 1A small |
| entities. The date of transition is 1st October 2014. |
| In preparing the financial statements the director has concluded that in applying the accounting policies required by FRS |
| 102 Section 1A small entities the restatement of comparatives was not required. |
| Revenue recognition |
| Turnover is the amount derived from the sale of goods and services falling within the company's ordinary activities |
| (excluding Value Added Tax). |
| Turnover from the provision of goods is recognised when the risks and rewards of ownership of goods have been |
| transferred to the customer. The risks and rewards of ownership of goods are deemed to have been transferred when the |
| goods are shipped to, or are picked up by, the customer. |
| Goodwill |
| Other intangible assets |
| Other intangible assets represent publication rights purchased in 2016 which last up to 30th September 2019, are being |
| amortised evenly over their estimated life of of four years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 |
| The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of |
| certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all material |
| timing differences that have originated but not reversed at the balance sheet date. Deferred taxation is measured on a non |
| discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax |
| rates and laws that have been enacted by the balance sheet date. |
| FOUNDRY TRADE JOURNAL LTD (REGISTERED NUMBER: 09126455) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2016 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date. |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
| company. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1st October 2015 |
| Additions |
| At 30th September 2016 |
| AMORTISATION |
| At 1st October 2015 |
| Charge for year |
| At 30th September 2016 |
| NET BOOK VALUE |
| At 30th September 2016 |
| At 30th September 2015 |
| FOUNDRY TRADE JOURNAL LTD (REGISTERED NUMBER: 09126455) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2016 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st October 2015 |
| Additions |
| At 30th September 2016 |
| DEPRECIATION |
| At 1st October 2015 |
| Charge for year |
| At 30th September 2016 |
| NET BOOK VALUE |
| At 30th September 2016 |
| At 30th September 2015 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2016 | 2015 |
| £ | £ |
| Deferred tax | 880 | - |
| Deferred |
| tax |
| £ |
| Charge to Income Statement during year |
| Balance at 30th September 2016 |
| FOUNDRY TRADE JOURNAL LTD (REGISTERED NUMBER: 09126455) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2016 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 | 19 | 19 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st October 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 30th September 2016 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £49,930 (2015 - £31,410) were paid to the director . |
| Miss LM Postle, director and shareholder of the company, has provided finance to the company by way of an interest free |
| loan. |
| The balance at 30th September 2016 was £41,449 |