Fendale Ltd - Abbreviated accounts 16.3

Fendale Ltd - Abbreviated accounts 16.3

FENDALE LTD - Company Information

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REGISTERED NUMBER: 05967467 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

FENDALE LTD

FENDALE LTD (REGISTERED NUMBER: 05967467)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

FENDALE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTOR: M E Tollemache





SECRETARY: T J M Slinn





REGISTERED OFFICE: Midways
Freezeland Lane
Bexhill On Sea
East Sussex
TN39 5JD





REGISTERED NUMBER: 05967467 (England and Wales)





ACCOUNTANTS: OBC The Accountants Ltd
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH
Page 1
FENDALE LTD (REGISTERED NUMBER: 05967467)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 5 5
Tangible assets 3 63,761 47,063
Investments 4 176,053 176,053
239,819 223,121

CURRENT ASSETS
Stocks 7,264 4,000
Debtors 76,082 135,820
Cash at bank and in hand 7,266 11,579
90,612 151,399
CREDITORS
Amounts falling due within one year 225,565 222,166
NET CURRENT LIABILITIES (134,953 ) (70,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
104,866
152,354

CREDITORS
Amounts falling due after more than one
year
13,241
2,654
NET ASSETS 91,625 149,700

CAPITAL AND RESERVES
Called up share capital 5 45,100 45,100
Profit and loss account 46,525 104,600
SHAREHOLDERS' FUNDS 91,625 149,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
FENDALE LTD (REGISTERED NUMBER: 05967467)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2016


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 16 December 2016 and were signed by:





M E Tollemache - Director


The notes form part of these abbreviated accounts

Page 3
FENDALE LTD (REGISTERED NUMBER: 05967467)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

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 January 2015).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Furniture & office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.

Deferred tax
Deferred tax is provided in full in respect of taxation deferred by timing differences between the
treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been
discounted.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 6,251
AMORTISATION
At 1 October 2015
and 30 September 2016 6,246
NET BOOK VALUE

At 30 September 2016 5
At 30 September 2015 5

Page 4 continued...
FENDALE LTD (REGISTERED NUMBER: 05967467)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 125,703
Additions 37,951
At 30 September 2016 163,654
DEPRECIATION
At 1 October 2015 78,640
Charge for year 21,253
At 30 September 2016 99,893
NET BOOK VALUE
At 30 September 2016 63,761
At 30 September 2015 47,063

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 October 2015
and 30 September 2016 176,053
NET BOOK VALUE
At 30 September 2016 176,053
At 30 September 2015 176,053

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
45,000 Preference £1 45,000 45,000
45,100 45,100

The rights attaching to the preference shares are a dividend of 10% per annum plus a cumulative
redemption premium of 10% per annum.

Page 5 continued...
FENDALE LTD (REGISTERED NUMBER: 05967467)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company occupies a retail shop in Cale Street, London where part of its trade is carried on. The
shop lease is in the name of the director, Mr M Tollemache, and the company pays the rent of £17,670
(2015: £17,670) direct to the landlord on his behalf.

7. RELATED PARTY DISCLOSURES

During the year the company made sales of £ 110,448 (2015 £ 110,256) to Spoilt For Choice Ltd. a
company 100% owned by Fendale Ltd. Payroll costs of £ 136,770 (2015 £155,749) were allocated to
Spoilt For Choice Ltd. during the year. An administration charge of £ 198,925(2015 £ 197,572) was
charged to Spoilt For Choice Ltd. for the year. At 30th September the company was owed £0.00 (2015
£0.00) by Spoilt For Choice Ltd. and owed £ 128,028 (2015 £ 66,171) to Spoilt For Choice Ltd.

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