F D Statton & Son Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04671733 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

F D STATTON & SON LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

F D Statton

H J Statton

SECRETARY:

F D Statton

REGISTERED OFFICE:

Negys Gorthybow

Schooners Business Park

Bess Park Road

Wadebridge

Cornwall

PL27 6HB

REGISTERED NUMBER:

04671733 (England and Wales)

ACCOUNTANTS:

Alexander & Co.

Chartered Certified Accountants

Negys Gorthybow

Schooners Business Park

Bess Park Road

Wadebridge

Cornwall

PL27 6HB

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of F D Statton & Son Limited for the year ended 31 March 2014 which comprise the Profit and

Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of F D Statton & Son Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of F D

Statton & Son Limited and state those matters that we have agreed to state to the Board of Directors of F D Statton &

Son Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified

Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or

for this report.

It is your duty to ensure that F D Statton & Son Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of F D Statton &

Son Limited. You consider that F D Statton & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of F D Statton & Son Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alexander & Co.

Chartered Certified Accountants

Negys Gorthybow

Schooners Business Park

Bess Park Road

Wadebridge

Cornwall

PL27 6HB

24 December 2014

FIXED ASSETS

Intangible assets

2

33,970

37,745

Tangible assets

3

435,884

429,256

469,854

467,001

CURRENT ASSETS

Stocks

17,809

21,075

Debtors

385,287

347,290

Cash at bank

241,280

236,671

644,376

605,036

CREDITORS

Amounts falling due within one year

222,687

259,692

NET CURRENT ASSETS

421,689

345,344

TOTAL ASSETS LESS CURRENT LIABILITIES

891,543

812,345

PROVISIONS FOR LIABILITIES

25,561

22,671

NET ASSETS

865,982

789,674

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

864,982

788,674

SHAREHOLDERS' FUNDS

865,982

789,674

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 24 December 2014 and were signed on its behalf by:

F D Statton - Director

H J Statton - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.

Freehold property

-

not provided

Improvements to property

-

not provided

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

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

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 1 April 2013

and 31 March 2014

75,491

AMORTISATION

At 1 April 2013

37,746

Amortisation for year

3,775

At 31 March 2014

41,521

NET BOOK VALUE

At 31 March 2014

33,970

At 31 March 2013

37,745

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

689,908

Additions

38,549

Disposals

(6,351

)

At 31 March 2014

722,106

DEPRECIATION

At 1 April 2013

260,652

Charge for year

26,211

Eliminated on disposal

(641

)

At 31 March 2014

286,222

NET BOOK VALUE

At 31 March 2014

435,884

At 31 March 2013

429,256

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

7,000

Ordinary A shares

£0.10

700

700

3,000

Ordinary B shares

£0.10

300

300

1,000

1,000