Farriers Arms Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04933028 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014

FOR

FARRIERS ARMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs M V Thompson

REGISTERED OFFICE:

9 Fish Street

Worcester

Worcestershire

WR1 2HN

REGISTERED NUMBER:

04933028 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Intangible assets

2

45,000

49,500

Tangible assets

3

1,496

1,863

46,496

51,363

CURRENT ASSETS

Stocks

4,031

3,832

Debtors

3,463

3,458

Cash at bank

1,742

12,897

9,236

20,187

CREDITORS

Amounts falling due within one year

70,315

89,157

NET CURRENT LIABILITIES

(61,079

)

(68,970

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,583

)

(17,607

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(14,585

)

(17,609

)

SHAREHOLDERS' FUNDS

(14,583

)

(17,607

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 18th November 2014 and were signed by:

Mrs M V Thompson - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

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 recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

90,000

AMORTISATION

At 1st April 2013

40,500

Amortisation for year

4,500

At 31st March 2014

45,000

NET BOOK VALUE

At 31st March 2014

45,000

At 31st March 2013

49,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

20,226

Additions

289

At 31st March 2014

20,515

DEPRECIATION

At 1st April 2013

18,363

Charge for year

656

At 31st March 2014

19,019

NET BOOK VALUE

At 31st March 2014

1,496

At 31st March 2013

1,863

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary A

1

2

2