Strathmore Bondgate Limited
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Registered number: |
05932021
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Abridged Balance Sheet |
as at 30 June 2019
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|
Notes |
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2019 |
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|
2018 |
£ |
£ |
Current assets |
Stocks |
|
|
1,594,870 |
|
|
1,594,270 |
Debtors |
|
|
200 |
|
|
200 |
Cash at bank and in hand |
|
|
100 |
|
|
100 |
|
|
|
1,595,170 |
|
|
1,594,570 |
|
Creditors: amounts falling due within one year |
|
|
(1,595,070) |
|
|
(1,594,470) |
|
Net current assets |
|
|
|
100 |
|
|
100 |
|
Net assets |
|
|
|
100 |
|
|
100 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
|
Shareholders' funds |
|
|
|
100 |
|
|
100 |
|
|
|
|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
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A B Brown |
Director |
Approved by the board on 29 June 2020
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|
Strathmore Bondgate Limited
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Notes to the Abridged Accounts |
for the year ended 30 June 2019
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1 |
Accounting policies |
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Basis of preparation |
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The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2 |
Controlling party |
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The company is controlled by its directors.
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3 |
Other information |
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Strathmore Bondgate Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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East Farm |
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East Farm Mews |
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Medomsley |
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Co Durham |
|
DH8 6TU |