Company Registration No. 07545900 (England and Wales)
FAITHFULL ARCHITECTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
FAITHFULL ARCHITECTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FAITHFULL ARCHITECTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,065
178
Current assets
Stocks
76,590
56,500
Debtors
-
134,573
Cash at bank and in hand
228,744
19,897
305,334
210,970
Creditors: amounts falling due within one year
(127,953)
(98,188)
Net current assets
177,381
112,782
Total assets less current liabilities
179,446
112,960
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
179,346
112,860
Shareholders' funds
179,446
112,960
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 23 February 2016
I Faithfull
Director
Company Registration No. 07545900
FAITHFULL ARCHITECTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 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
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 architectural services net of VAT.
1.4
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
33.3% straight line
1.5
Stock and work in progress
Work in progress represents the value of work done but not billed at the year end date, as estimated by the director at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014
798
Additions
2,933
At 30 April 2015
3,731
Depreciation
At 1 May 2014
620
Charge for the year
1,046
At 30 April 2015
1,666
Net book value
At 30 April 2015
2,065
At 30 April 2014
178
FAITHFULL ARCHITECTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100