Abbreviated Company Accounts - FISHER BROS. LIMITED

FISHER BROS. LIMITED - Company Information

03861506 FISHER BROS. LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 03861506 2015-11-01 2016-10-31 03861506 2016-10-31 03861506 2015-10-31 03861506 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 03861506 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:Director3 2015-11-01 2016-10-31 uk-gaap-cd-bus:Director3 2016-10-31 uk-gaap-cd-bus:Director3 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 03861506

FISHER BROS. LIMITED

Abbreviated Accounts

31 October 2016

FISHER BROS. LIMITED Registered Number 03861506

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	471,250	514,500
		471,250	514,500
Current assets
Cash at bank and in hand		1,718	971
		1,718	971
Creditors: amounts falling due within one year		(24,686)	(23,772)
Net current assets (liabilities)		(22,968)	(22,801)
Total assets less current liabilities		448,282	491,699
Creditors: amounts falling due after more than one year		(651,171)	(652,073)
Total net assets (liabilities)		(202,889)	(160,374)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(202,891)	(160,376)
Shareholders' funds		(202,889)	(160,374)

For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 July 2017

And signed on their behalf by:
E Fisher, Director

FISHER BROS. LIMITED Registered Number 03861506

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and using the going concern basis. The main creditor of the company is £609,995 due to Great Head House Estates Ltd, an associated company. Great Head House Estates Ltd has agreed to subordinate its debt below those of other creditors until the 31 May 2018. On this basis the financial statements have been prepared using the going concern basis.

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 policy
Turnover represents net invoiced sale of services excluding VAT.

Tangible assets depreciation policy
Freehold property - 5% straight line

2Tangible fixed assets

	£
Cost
At 1 November 2015	865,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	865,000
Depreciation
At 1 November 2015	350,500
Charge for the year	43,250
On disposals	-
At 31 October 2016	393,750
Net book values
At 31 October 2016	471,250
At 31 October 2015	514,500

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2

4Transactions with directors

Name of director receiving advance or credit:	Loan to company
Description of the transaction:	E Fisher
Balance at 1 November 2015:	£ 23,167
Advances or credits made:	£ 769
Advances or credits repaid:	-
Balance at 31 October 2016:	£ 23,936