Registered Number 04578942

A & E FOSTER LIMITED

Abbreviated Accounts

30 April 2016

A & E FOSTER LIMITED Registered Number 04578942

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 1 1
Tangible assets 3 16,851 4
16,852 5
Current assets
Stocks 144,711 46,126
Debtors 5,500 -
Cash at bank and in hand 141,116 369,521
291,327 415,647
Creditors: amounts falling due within one year (105,785) (220,049)
Net current assets (liabilities) 185,542 195,598
Total assets less current liabilities 202,394 195,603
Creditors: amounts falling due after more than one year (10,563) (25,845)
Total net assets (liabilities) 191,831 169,758
Capital and reserves
Called up share capital 2 2
Profit and loss account 191,829 169,756
Shareholders' funds 191,831 169,758
  • For the year ending 30 April 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 2 August 2016

And signed on their behalf by:
Mr S Foster, Director

A & E FOSTER LIMITED Registered Number 04578942

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold 10% on cost
Fixtures, fittings & equipment 20% on cost

Other accounting policies
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets
£
Cost
At 1 May 2015 60,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 60,000
Amortisation
At 1 May 2015 59,999
Charge for the year -
On disposals -
At 30 April 2016 59,999
Net book values
At 30 April 2016 1
At 30 April 2015 1
3Tangible fixed assets
£
Cost
At 1 May 2015 1,280
Additions 18,719
Disposals -
Revaluations -
Transfers -
At 30 April 2016 19,999
Depreciation
At 1 May 2015 1,276
Charge for the year 1,872
On disposals -
At 30 April 2016 3,148
Net book values
At 30 April 2016 16,851
At 30 April 2015 4