Registered Number 02764751


Abbreviated Accounts

31 March 2015


Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 29,934 19,869
29,934 19,869
Current assets
Stocks 43,000 45,000
Cash at bank and in hand 27,705 23,401
70,705 68,401
Creditors: amounts falling due within one year (56,982 ) (77,225 )
Net current assets (liabilities) 13,723 (8,824 )
Total assets less current liabilities 43,657 11,045
Creditors: amounts falling due after more than one year (26,174 ) (7,091 )
Total net assets (liabilities) 17,483 3,954
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 17,383 3,854
Shareholders' funds 17,483 3,954

  • For the year ending 31 March 2015 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 10 September 2015

And signed on their behalf by:
Mark Robin Brundle, Director
Michael John Foord, Director


Notes to the Abbreviated Accounts for the period ended 31 March 2015

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 15% Reducing Balance
Motor vehicles - 25% Reducing Balance

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Stock is valued at the lower of cost and net realisable value.

The pension costs charged in the financial statements represent the contribution payable by the company during the year. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

Deferred Taxation
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 differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2 Tangible fixed assets
At 1 April 2014 49,778
Additions 26,569
Disposals (21,323 )
Revaluations -
Transfers -
At 31 March 2015 55,024
At 1 April 2014 29,909
Charge for the year 9,759
On disposals (14,578 )
At 31 March 2015 25,090
Net book values
At 31 March 2015 29,934
At 31 March 2014 19,869
3 Called Up Share Capital
Allotted, called up and fully paid:
100 Authorised Ordinary shares of £1 each 100 100
100 Allotted, called up and fully paid Ordinary shares of £1 each 100 100
100 Equity Ordinary shares of £1 each 100 100