Feldyfare limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10423600 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 OCTOBER 2016 TO 31 DECEMBER 2017

FOR

FELDYFARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H C Sutton

Mrs E A Sutton

REGISTERED OFFICE:

Reed House Farm

Hollins Lane

Antrobus

Northwich

Cheshire

CW9 6NL

REGISTERED NUMBER:

10423600 (England and Wales)

FIXED ASSETS

Intangible assets

4

4,196

Tangible assets

5

79,496

83,692

CURRENT ASSETS

Stocks

24,177

Debtors

6

2,979

Cash at bank

24,248

51,404

CREDITORS

Amounts falling due within one year

7

169,134

NET CURRENT LIABILITIES

(117,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,038

)

CAPITAL AND RESERVES

Called up share capital

100

Share premium

9,990

Retained earnings

(44,128

)

(34,038

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 June 2018 and were signed on its behalf by:

H C Sutton - Director

1.	STATUTORY INFORMATION

Feldyfare Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five 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

-

15% on reducing balance

Computer equipment

-

33% 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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	INTANGIBLE FIXED ASSETS

Developme

costs

£

COST

Additions

5,245

At 31 December 2017

5,245

AMORTISATION

Amortisation for period

1,049

At 31 December 2017

1,049

NET BOOK VALUE

At 31 December 2017

4,196

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

Additions

92,580

1,205

93,785

At 31 December 2017

92,580

1,205

93,785

DEPRECIATION

Charge for period

13,887

402

14,289

At 31 December 2017

13,887

402

14,289

NET BOOK VALUE

At 31 December 2017

78,693

803

79,496

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,979

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

454

Taxation and social security

204

Other creditors

168,476

169,134