Fletchers Timber Derby Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03522736 (England and Wales)

FLETCHERS TIMBER DERBY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G P Fletcher

G M Fletcher

D S Fletcher

REGISTERED OFFICE:

28 Station Road

Spondon

Derby

DE21 7NE

REGISTERED NUMBER:

03522736 (England and Wales)

ACCOUNTANTS:

Maple Accountancy Group Ltd

83 Friar Gate

Derby

Derbyshire

DE1 1FL

FIXED ASSETS

Tangible assets

4

379,341

380,163

CURRENT ASSETS

Stocks

114,713

131,594

Cash at bank

38,325

21,954

153,038

153,548

CREDITORS

Amounts falling due within one year

446,302

459,291

NET CURRENT LIABILITIES

(293,264

)

(305,743

)

TOTAL ASSETS LESS CURRENT LIABILITIES

86,077

74,420

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

85,978

74,321

SHAREHOLDERS' FUNDS

86,077

74,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5 June 2017 and were signed on its behalf by:

G P Fletcher - Director

1.	STATUTORY INFORMATION

Fletchers Timber Derby Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 etc

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

506,586

Additions

20,200

At 31 March 2017

526,786

DEPRECIATION

At 1 April 2016

126,423

Charge for year

21,022

At 31 March 2017

147,445

NET BOOK VALUE

At 31 March 2017

379,341

At 31 March 2016

380,163