REGISTERED NUMBER: SC344889 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 25 December 2015

for

A & F Flooring Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A McGowan

REGISTERED OFFICE:

11 Somerset Place

Glasgow

G3 7JT

REGISTERED NUMBER:

SC344889 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

11 Somerset Place

Glasgow

G3 7JT

FIXED ASSETS

Tangible assets

2

11,472

6,570

CURRENT ASSETS

Stocks

204,325

213,525

Debtors

3,527

6,587

Cash at bank

17,847

9,629

225,699

229,741

CREDITORS

Amounts falling due within one year

263,083

267,753

NET CURRENT LIABILITIES

(37,384

)

(38,012

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,912

)

(31,442

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(25,913

)

(31,443

)

SHAREHOLDERS' FUNDS

(25,912

)

(31,442

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 September 2016 and were signed by:

A McGowan - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on a going concern basis due to the continued financial support of its

director.

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 26 December 2014

25,569

Additions

9,868

Disposals

(15,195

)

At 25 December 2015

20,242

DEPRECIATION

At 26 December 2014

18,999

Charge for year

2,262

Eliminated on disposal

(12,491

)

At 25 December 2015

8,770

NET BOOK VALUE

At 25 December 2015

11,472

At 25 December 2014

6,570

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

25.12.15

25.12.14

value:

£

£

1

Ordinary

£1

1

1