Abbreviated Company Accounts - FLOWGRADE LIMITED

02478898 FLOWGRADE LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 02478898 2013-04-01 2014-03-31 02478898 2014-03-31 02478898 2013-03-31 02478898 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02478898 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 02478898

FLOWGRADE LIMITED

Abbreviated Accounts

31 March 2014

FLOWGRADE LIMITED Registered Number 02478898

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	51,586	51,619
		51,586	51,619
Current assets
Cash at bank and in hand		7,917	13,367
		7,917	13,367
Creditors: amounts falling due within one year		(9,587)	(8,300)
Net current assets (liabilities)		(1,670)	5,067
Total assets less current liabilities		49,916	56,686
Total net assets (liabilities)		49,916	56,686
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		48,916	55,686
Shareholders' funds		49,916	56,686

For the year ending 31 March 2014 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 11 November 2014

And signed on their behalf by:
S BOWSHER, Director

FLOWGRADE LIMITED Registered Number 02478898

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rent receivable.

Tangible assets depreciation policy
Tangible fixed assets other than investment properties 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:

Investment properties – See below
Furniture and equipment – 25% Reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortization is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 April 2013	56,473
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	56,473
Depreciation
At 1 April 2013	4,854
Charge for the year	33
On disposals	-
At 31 March 2014	4,887
Net book values
At 31 March 2014	51,586
At 31 March 2013	51,619

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000