Abbreviated Company Accounts - FRASER HOUSES (N.I.) LIMITED

FRASER HOUSES (N.I.) LIMITED - Company Information

NI016589 FRASER HOUSES (N.I.) LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true NI016589 2013-04-01 2014-03-31 NI016589 2014-03-31 NI016589 2013-03-31 NI016589 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 NI016589 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 NI016589

FRASER HOUSES (N.I.) LIMITED

Abbreviated Accounts

31 March 2014

FRASER HOUSES (N.I.) LIMITED Registered Number NI016589

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	2	11,430	21,225
Investments	3	1,323,025	1,323,025
		1,334,455	1,344,250
Current assets
Stocks		17,105,397	17,550,991
Debtors		1,302,601	1,435,720
Investments		7,199,263	7,738,013
Cash at bank and in hand		1,334,791	1,131,450
		26,942,052	27,856,174
Creditors: amounts falling due within one year		(10,956,841)	(11,331,861)
Net current assets (liabilities)		15,985,211	16,524,313
Total assets less current liabilities		17,319,666	17,868,563
Provisions for liabilities		(1,747,267)	(1,679,267)
Total net assets (liabilities)		15,572,399	16,189,296
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		15,572,299	16,189,196
Shareholders' funds		15,572,399	16,189,296

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 17 December 2014

And signed on their behalf by:
P M Fraser, Director

FRASER HOUSES (N.I.) LIMITED Registered Number NI016589

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under historical cost convention.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets 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:
Plant and machinery: 20% Straight Line
Motor Vehicles: 20% Straight Line

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Current asset investments are stated at the lower of cost and net realisable value.

Stock
Stock is valued at the lower of cost and net realisable value.

Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 April 2013	181,353
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	181,353
Depreciation
At 1 April 2013	160,128
Charge for the year	9,795
On disposals	-
At 31 March 2014	169,923
Net book values
At 31 March 2014	11,430
At 31 March 2013	21,225

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Current asset investments are stated at the lower of cost and net realisable value.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100