back to FRED ASTLEY,LIMITED detail Fred Astley Limited - Period Ending 2016-09-30
Fred Astley Limited 00185641 false true 2015-10-01 2016-09-30 2016-09-30 00185641 2015-10-01 2016-09-30 00185641 2016-09-30 00185641 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2016-09-30 00185641 uk-bus:Director2 2015-10-01 2016-09-30 00185641 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2015-10-01 2016-09-30 00185641 uk-gaap:PlantMachinery 2015-10-01 2016-09-30 00185641 2015-09-30 00185641 2015-09-30 00185641 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2015-09-30 iso4217:GBP xbrli:shares

Registration number: 00185641

Fred Astley Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

 

Fred Astley Limited
(Registration number: 00185641)
Abbreviated Balance Sheet at 30 September 2016

 

Note

   

2016
£

   

2015
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

2

   

489,269

   

489,133

 

Current assets

 

   

   

 

Debtors

 

   

1,600

   

3,220

 

Cash at bank and in hand

 

   

12,458

   

1,824

 

 

   

14,058

   

5,044

 

Creditors: Amounts falling due within one year

 

   

(13,004)

   

(15,239)

 

Net current assets/(liabilities)

 

   

1,054

   

(10,195)

 

Total assets less current liabilities

 

   

490,323

   

478,938

 

Creditors: Amounts falling due after more than one year

 

   

(34,267)

   

(22,159)

 

Provisions for liabilities

 

   

(200)

   

-

 

Net assets

 

   

455,856

   

456,779

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

38,968

   

38,968

 

Profit and loss account

 

   

416,888

   

417,811

 

Shareholders' funds

 

   

455,856

   

456,779

 

For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 1 February 2017 and signed on its behalf by:

.........................................
Mr S M Astley
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Fred Astley Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided to write off the cost or valuation of fixed assets, less any residual value over their expected useful lives on the following basis :-

Asset class

Depreciation method and rate

Plant and equipment

15% per annum

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.



Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Fred Astley Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 October 2015

 

501,034

   

501,034

 

Additions

 

470

   

470

 

At 30 September 2016

 

501,504

   

501,504

 

Depreciation

           

At 1 October 2015

 

11,901

   

11,901

 

Charge for the year

 

334

   

334

 

At 30 September 2016

 

12,235

   

12,235

 

Net book value

           

At 30 September 2016

 

489,269

   

489,269

 

At 30 September 2015

 

489,133

   

489,133

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

38,968

   

38,968

   

38,968

   

38,968