Farrugia Wood Craftmanship Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05338087 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Farrugia Wood Craftmanship Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

R J Farrugia

SECRETARY:

Mrs S T Brown

REGISTERED OFFICE:

111 High Street

Billericay

Essex

CM12 9AJ

REGISTERED NUMBER:

05338087 (England and Wales)

ACCOUNTANTS:

Sterlings Accountancy Solutions Limited

111 High Street

Billericay

Essex

CM12 9AJ

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Farrugia Wood Craftmanship Limited for the year ended 30 June 2015 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Farrugia Wood Craftmanship Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Farrugia Wood Craftmanship Limited and state those matters that we have agreed to state to the director of Farrugia Wood Craftmanship Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Farrugia Wood Craftmanship Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Farrugia Wood Craftmanship Limited. You consider that Farrugia Wood Craftmanship Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Farrugia Wood Craftmanship

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterlings Accountancy Solutions Limited

111 High Street

Billericay

Essex

CM12 9AJ

18 March 2016

FIXED ASSETS

Tangible assets

2

24,542

32,725

CURRENT ASSETS

Stocks

5,650

2,000

Debtors

20,124

52,079

Cash at bank

19,676

2,948

45,450

57,027

CREDITORS

Amounts falling due within one year

60,620

97,598

NET CURRENT LIABILITIES

(15,170

)

(40,571

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,372

(7,846

)

CREDITORS

Amounts falling due after more than one year

312

4,081

NET ASSETS/(LIABILITIES)

9,060

(11,927

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

9,059

(11,928

)

SHAREHOLDERS' FUNDS

9,060

(11,927

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10 March 2016 and were signed by:

R J Farrugia - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

204,012

DEPRECIATION

At 1 July 2014

171,287

Charge for year

8,183

At 30 June 2015

179,470

NET BOOK VALUE

At 30 June 2015

24,542

At 30 June 2014

32,725

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

1

Ordinary

£1

1

1