Company Registration No. 05386479 (England and Wales)
FROXFIELD VILLAGE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
FROXFIELD VILLAGE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FROXFIELD VILLAGE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
716,603
719,033
Current assets
Stocks
174,218
174,218
Debtors
31,200
30,895
205,418
205,113
Creditors: amounts falling due within one year
(58,110)
(29,866)
Net current assets
147,308
175,247
Total assets less current liabilities
863,911
894,280
Creditors: amounts falling due after more than one year
(475,792)
(486,411)
388,119
407,869
Capital and reserves
Called up share capital
3
2
2
Revaluation reserve
700,000
700,000
Profit and loss account
(311,883)
(292,133)
Shareholders' funds
388,119
407,869
For the financial year ended 31 December 2015 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 25 November 2016
Mr G Woodham
Director
Company Registration No. 05386479
FROXFIELD VILLAGE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
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).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Not depreciated
Plant and machinery
15% reducing balance
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2015
736,105
Additions
500
At 31 December 2015
736,605
Depreciation
At 1 January 2015
17,072
Charge for the year
2,930
At 31 December 2015
20,002
Net book value
At 31 December 2015
716,603
At 31 December 2014
719,033
FROXFIELD VILLAGE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2