02556559 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure025565592013-12-31025565592014-12-31025565592014-01-012014-12-31025565592012-12-31025565592013-01-012013-12-31025565592013-12-3102556559ns12:England2014-01-012014-12-3102556559ns14:PoundSterling2014-01-012014-12-3102556559ns7:Director12014-01-012014-12-3102556559ns7:OrdinaryShareClass12014-01-012014-12-3102556559ns7:Director22014-01-012014-12-3102556559ns7:Director32014-01-012014-12-3102556559ns7:Director42014-01-012014-12-3102556559ns7:RegisteredOffice2014-01-012014-12-3102556559ns7:EntityAccountantsOrAuditors2014-01-012014-12-3102556559ns7:OrdinaryShareClass12014-12-3102556559ns7:OrdinaryShareClass12013-12-31
REGISTERED NUMBER: 02556559 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

FLOYD AUTOMATIC TOOLING LIMITED
FLOYD AUTOMATIC TOOLING LIMITED (REGISTERED NUMBER: 02556559)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4
FLOYD AUTOMATIC TOOLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTORS: E Chamberlain
W H Floyd
Mrs C M Floyd
R W Floyd





SECRETARY: R W Floyd





REGISTERED OFFICE: Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW





REGISTERED NUMBER: 02556559 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW
FLOYD AUTOMATIC TOOLING LIMITED (REGISTERED NUMBER: 02556559)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 12,059 43,107

CURRENT ASSETS
Stocks 226,178 224,068
Debtors 394,085 319,795
Cash at bank and in hand 108,852 117,947
729,115 661,810
CREDITORS
Amounts falling due within one year 544,532 441,270
NET CURRENT ASSETS 184,583 220,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,642

263,647

CREDITORS
Amounts falling due after more than
one year

-

82,047
NET ASSETS 196,642 181,600

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 196,542 181,500
SHAREHOLDERS' FUNDS 196,642 181,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.
FLOYD AUTOMATIC TOOLING LIMITED (REGISTERED NUMBER: 02556559)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2014


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 Board of Directors on 16 September 2015 and
were signed on its behalf by:





R W Floyd - Director

FLOYD AUTOMATIC TOOLING LIMITED (REGISTERED NUMBER: 02556559)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


1. ACCOUNTING POLICIES

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 April 2008).

Turnover
Turnover represents amounts receivable for precision parts distributed to the engineering
industry.

Tangible fixed assets
Tangible fixed assets 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 Leasehold 12.5% Straight line
Fixtures, fittings & equipment 20% Straight line
Motor vehicles 25% Straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the
balance sheet. Those held under hire purchase contracts are depreciated over their
estimated useful lives. Those held under finance leases are depreciated over their
estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the
relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which
they relate.
FLOYD AUTOMATIC TOOLING LIMITED (REGISTERED NUMBER: 02556559)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 174,050
Disposals (30,160 )
At 31 December 2014 143,890
DEPRECIATION
At 1 January 2014 130,943
Charge for year 17,225
Eliminated on disposal (16,337 )
At 31 December 2014 131,831
NET BOOK VALUE
At 31 December 2014 12,059
At 31 December 2013 43,107

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary shares £1 100 100

4. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the directors .

During the period an amount of £20,000 was paid to Mr & Mrs W Floyd in respect of rent, Mr
W. Floyd being a director of the company.

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