Company Registration No. 03693794 (England and Wales)
STEPHEN G ANDERSON LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
STEPHEN G ANDERSON LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
STEPHEN G ANDERSON LTD
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,242
6,131
Current assets
Stocks
1,625
-
Debtors
3,856
5,777
Cash at bank and in hand
9,125
15,964
14,606
21,741
Creditors: amounts falling due within one year
(6,027)
(4,259)
Net current assets
8,579
17,482
Total assets less current liabilities
13,821
23,613
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
13,819
23,611
Shareholders' funds
13,821
23,613
For the financial year ended 30 April 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 member has 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 and authorised for issue on 25 January 2016
Mr S G Anderson
Director
Company Registration No. 03693794
STEPHEN G ANDERSON LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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 goods and 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:
Property improvements
2% on reducing balance
Computer equipment
33% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014 & at 30 April 2015
21,820
Depreciation
At 1 May 2014
15,689
Charge for the year
889
At 30 April 2015
16,578
Net book value
At 30 April 2015
5,242
At 30 April 2014
6,131
STEPHEN G ANDERSON LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2