Findley & Son (Cooden) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06549106 (England and Wales)

FINDLEY & SON (COODEN) LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

K B Findley

Mrs M E Findley

SECRETARY:

K B Findley

REGISTERED OFFICE:

215 Cooden Sea Road

Cooden

BEXHILL-ON-SEA

East Sussex

TN39 4TT

REGISTERED NUMBER:

06549106 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Intangible assets

2

43,750

46,875

Tangible assets

3

77,791

78,462

121,541

125,337

CURRENT ASSETS

Debtors

285

466

Cash at bank

30,646

31,889

30,931

32,355

CREDITORS

Amounts falling due within one year

103,210

114,234

NET CURRENT LIABILITIES

(72,279

)

(81,879

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,262

43,458

CREDITORS

Amounts falling due after more than one year

(32,431

)

(39,091

)

PROVISIONS FOR LIABILITIES

(134

)

-

NET ASSETS

16,697

4,367

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

16,597

4,267

SHAREHOLDERS' FUNDS

16,697

4,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16th December 2014 and were signed on its behalf by:

K B Findley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

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

at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

62,500

AMORTISATION

At 1st April 2013

15,625

Amortisation for year

3,125

At 31st March 2014

18,750

NET BOOK VALUE

At 31st March 2014

43,750

At 31st March 2013

46,875

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

85,892

DEPRECIATION

At 1st April 2013

7,430

Charge for year

671

At 31st March 2014

8,101

NET BOOK VALUE

At 31st March 2014

77,791

At 31st March 2013

78,462

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100