Company Registration No. 02922043 (England and Wales)
STEENE ASSOCIATES (ARCHITECTS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
STEENE ASSOCIATES (ARCHITECTS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
STEENE ASSOCIATES (ARCHITECTS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,202
1,077
Current assets
Stocks
43,041
87,101
Debtors
34,188
15,188
Cash at bank and in hand
85
85
77,314
102,374
Creditors: amounts falling due within one year
(80,440)
(103,143)
Net current liabilities
(3,126)
(769)
Total assets less current liabilities
76
308
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
72
304
Shareholders' funds
76
308
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 September 2016
Mr J I Steene
Director
Company Registration No. 02922043
STEENE ASSOCIATES (ARCHITECTS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
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:
Plant and machinery
33% reducing balance method
Fixtures, fittings and equipment
25% reducing balance method
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
13,371
Additions
3,258
At 31 December 2015
16,629
Depreciation
At 1 January 2015
12,294
Charge for the year
1,133
At 31 December 2015
13,427
Net book value
At 31 December 2015
3,202
At 31 December 2014
1,077
STEENE ASSOCIATES (ARCHITECTS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4 Ordinary shares of £1 each
4
4