Company Registration No. 06042855 (England and Wales)
FLOOR DIMENSIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
FLOOR DIMENSIONS LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
FLOOR DIMENSIONS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
22,083
32,683
Tangible assets
2
38,853
23,623
60,936
56,306
Current assets
Stocks
52,077
32,033
Debtors
140,480
94,217
Cash at bank and in hand
93,686
54,494
286,243
180,744
Creditors: amounts falling due within one year
(155,807)
(110,681)
Net current assets
130,436
70,063
Total assets less current liabilities
191,372
126,369
Creditors: amounts falling due after more than one year
(40,000)
(60,000)
Provisions for liabilities
(7,771)
(4,582)
143,601
61,787
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
143,501
61,687
Shareholders' funds
143,601
61,787
FLOOR DIMENSIONS LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial year ended 31 March 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 9 July 2015
Mr N B Boughen
Mrs P E Boughen
Director
Director
Company Registration No. 06042855
FLOOR DIMENSIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 April 2008).
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 2014
106,000
52,278
158,278
Additions
-
24,200
24,200
Disposals
-
(10,151)
(10,151)
At 31 March 2015
106,000
66,327
172,327
Depreciation
At 1 April 2014
73,317
28,655
101,972
On disposals
-
(6,286)
(6,286)
Charge for the year
10,600
5,105
15,705
At 31 March 2015
83,917
27,474
111,391
Net book value
At 31 March 2015
22,083
38,853
60,936
At 31 March 2014
32,683
23,623
56,306
FLOOR DIMENSIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100