Registered Number 04647359
ALAN FLOYD LIMITED
Abbreviated Accounts
30 April 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The company meets its day to day funding requirements through directors loan and current accounts. The directors have given an undertaking not to demand repayment of the loan account in the next twelve months. Therefore, the directors consider it appropriate to prepare the financial statements on a going concern basis on the grounds that the company will be able to meet its debts as they fall due for the foreseeable future and for at least the next twelve months.
Accounting convention
The accounts have been prepared under the historical cost conventio and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
Turnover policy
Tangible assets depreciation policy
Plant and machinery etc. – 25% on reducing balance and 3 - 4 years straight line
Other accounting policies
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.
Training and marketing costs
Training and marketing costs incurred have an ongoing benefit to the business in subsequent years. In the opinion of the directors the benefit endures for a period of five years and accordingly a proportion of all relevant costs incurred in any year plus overheads as appropriate are deferred and charged to profit and loss account over a five year period.
£ | |
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Cost | |
At 1 May 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 April 2015 |
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Depreciation | |
At 1 May 2014 |
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Charge for the year |
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On disposals |
( |
At 30 April 2015 |
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Net book values | |
At 30 April 2015 | 2,503 |
At 30 April 2014 | 4,141 |