Flamefield Limited - Accounts

Flamefield Limited - Accounts

FLAMEFIELD LIMITED - Company Information

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Registered Number : 01643340
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 June 2017

for

FLAMEFIELD LIMITED

Flamefield Limited
Contents Page
For the year ended 30 June 2017
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 June 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
HJRL & Associates Limited
15 Hearle Way
Hatfield
Hertfordshire
AL10 9EW
19 October 2017
1
 
 		 Notes
 		 2017
£		   2016
£
Fixed assets      
Tangible fixed assets 2 400,517    398,210 
400,517    398,210 
Current assets      
Stocks 210,605    140,575 
Debtors 203,604    80,685 
Cash at bank and in hand 35,812    47,334 
450,021    268,594 
Creditors: amount falling due within one year (133,255)   (69,581)
Net current assets 316,766    199,013 
 
Total assets less current liabilities 717,283    597,223 
Creditors: amount falling due after more than one year (75,015)   (44,862)
Net assets 642,268    552,361 
 

Capital and reserves 		     
Called up share capital 3 200    200 
Profit and loss account 642,068    552,161 
Shareholders funds 642,268    552,361 
 


For the year ended 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Mr Y Unver
Director

Date approved by the board: 19 October 2017
2
Statutory Information
Flamefield Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 01643340.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25 Reducing Balance
Computer Equipment 33.33 Straight Line
Fixtures and Fittings 25 Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or Valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Plant and Machinery   Total
  £   £   £   £   £
At 01 July 2016 397,597    15,357    12,395    12,308    437,657 
Additions -    3,670    -    -    3,670 
Disposals -    -    -    -    - 
At 30 June 2017 397,597    19,027    12,395    12,308    441,327 
Depreciation
At 01 July 2016 -    15,357    11,782    12,308    39,447 
Charge for year -    918    445    -    1,363 
On disposals -    -    -    -    - 
At 30 June 2017 -    16,275    12,227    12,308    40,810 
Net book values
At 30 June 2017 397,597    2,752    168    -    400,517 
At 30 June 2016 397,597    -    613    -    398,210 


3.

Share Capital

Allotted
2017
£		   2016
£
200 Class A shares of £1.00 each 200    200 
200    200 

3