Company Registration No. 05153403 (England and Wales)
FLATHER AND COMPANY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
FLATHER AND COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FLATHER AND COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,204
3,025
Current assets
Debtors
14,388
13,033
Cash at bank and in hand
9,213
7,257
23,601
20,290
Creditors: amounts falling due within one year
(10,021)
(13,397)
Net current assets
13,580
6,893
Total assets less current liabilities
15,784
9,918
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
15,684
9,818
Shareholders' funds
15,784
9,918
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 5 September 2016
Mr A S Flather
Mrs R D Flather
Director
Director
Company Registration No. 05153403
FLATHER AND COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
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:
Computer equipment
33% per annum on cost
Fixtures, fittings and equipment
20 % per annum on net book value
1.4
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
17,219
Additions
237
At 31 March 2016
17,456
Depreciation
At 1 April 2015
14,194
Charge for the year
1,058
At 31 March 2016
15,252
Net book value
At 31 March 2016
2,204
At 31 March 2015
3,025
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
FLATHER AND COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
4
Transactions with directors
The following directors had interest free loans during the year. The movement on these loans are as follows:
Amount outstanding
Maximum
2016
2015
in year
£
£
£
Mr A S and Mrs R D Flather
8,120
-
8,120