Company Registration No. 06042855 (England and Wales)
FLOOR DIMENSIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
FLOOR DIMENSIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
FLOOR DIMENSIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
11,483
22,083
Tangible assets
2
32,156
38,853
43,639
60,936
Current assets
Stocks
47,182
52,077
Debtors
134,291
140,480
Cash at bank and in hand
104,599
93,686
286,072
286,243
Creditors: amounts falling due within one year
(141,895)
(155,807)
Net current assets
144,177
130,436
Total assets less current liabilities
187,816
191,372
Creditors: amounts falling due after more than one year
(27,000)
(40,000)
Provisions for liabilities
(6,432)
(7,771)
154,384
143,601
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
154,284
143,501
Shareholders' funds
154,384
143,601
FLOOR DIMENSIONS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
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 6 June 2016
Mr N B Boughen
Mrs P E Boughen
Director
Director
Company Registration No. 06042855
FLOOR DIMENSIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
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 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
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.
1.5
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:
Plant and machinery
25% Reducing Balance
Fixtures, fittings & equipment
10% Reducing Balance
Motor vehicles
25% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
106,000
66,327
172,327
Additions
-
7,346
7,346
Disposals
-
(16,285)
(16,285)
At 31 March 2016
106,000
57,388
163,388
Depreciation
At 1 April 2015
83,917
27,474
111,391
On disposals
-
(10,440)
(10,440)
Charge for the year
10,600
8,198
18,798
At 31 March 2016
94,517
25,232
119,749
Net book value
At 31 March 2016
11,483
32,156
43,639
At 31 March 2015
22,083
38,853
60,936
FLOOR DIMENSIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100