Formakin Garden Company Limited
|
Registered number: |
SC159498
|
Abbreviated Balance Sheet |
as at 31 December 2015
|
|
Notes |
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|
2015 |
|
|
2014 |
£ |
£ |
Current assets |
Debtors |
|
|
1,632 |
|
|
2,202 |
Cash at bank and in hand |
|
|
14,746 |
|
|
16,432 |
|
|
|
16,378 |
|
|
18,634 |
|
Creditors: amounts falling due within one year |
|
|
(1,902) |
|
|
(4,254) |
|
Net current assets |
|
|
|
14,476 |
|
|
14,380 |
|
Total assets less current liabilities |
|
|
|
14,476 |
|
|
14,380 |
|
|
Provisions for liabilities |
|
|
|
(421) |
|
|
(421) |
|
|
Net assets |
|
|
|
14,055 |
|
|
13,959 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
14,055 |
|
|
13,959 |
|
Shareholders' funds |
|
|
|
14,055 |
|
|
13,959 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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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.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
|
|
Lady C O'Brien |
Director |
Approved by the board on 23 September 2016
|
|
Formakin Garden Company Limited
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Notes to the Abbreviated Accounts |
for the year ended 31 December 2015
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|
1 |
Accounting policies |
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|
Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
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Turnover represents invoiced fees to members and grants. Grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute.
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2 |
Related Party Disclosures |
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Formakin Garden Company Ltd is under the control of the Board of Directors however in accordance with the Articles of Association expenditure in excess of £1,000 must have prior approval of the members. |