Registered Number 05186756
FLUTTERBY CRAFTS LIMITED
Abbreviated Accounts
31 December 2013
Notes | 2013 | 2012 | |
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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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Provisions for liabilities |
( |
( |
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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:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
expected useful life, as follows:
Plant and machinery - 25% reducing balance
Fixtures, fittings
and equipment - 25% reducing balance & 33% reducing balance
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transactions or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of
fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets,
only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets
concerned. However, no provision is made where, on the basis of all available evidence at the balance
sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and
charged to tax only where the replacement assets are sold;
Provision is made for deferred tax that would arise on remittance of the retained earnings of overseas
subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends
have been accrued as receivable;
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than
not that there will be suitable taxable profits from which the future reversal of the underlying timing
differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing difference reverse, based on tax rates and laws enacted or substantively
enacted at the balance sheet date.
Going concern
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed
assets. The director has given an undertaking to support the company until it returns to a net assets
position. The director considers it is appropriate to prepare the accounts on the going concern basis.
£ | |
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Cost | |
At 1 January 2013 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 December 2013 |
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Depreciation | |
At 1 January 2013 |
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Charge for the year |
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On disposals |
( |
At 31 December 2013 |
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Net book values | |
At 31 December 2013 | 193 |
At 31 December 2012 | 1,763 |