Company Registration No. 06448749 (England and Wales)
SOUTHERN MECHANICAL SERVICES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
SOUTHERN MECHANICAL SERVICES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SOUTHERN MECHANICAL SERVICES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
785
1,046
Current assets
Debtors
99,424
103,580
Cash at bank and in hand
215,185
194,999
314,609
298,579
Creditors: amounts falling due within one year
(314,265)
(293,044)
Net current assets
344
5,535
Total assets less current liabilities
1,129
6,581
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
1,029
6,481
Shareholders' funds
1,129
6,581
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 30 September 2015
Mr R Austin
Director
Company Registration No. 06448749
SOUTHERN MECHANICAL SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 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:
Fixtures, fittings & equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014 & at 31 December 2014
4,828
Depreciation
At 1 January 2014
3,782
Charge for the year
261
At 31 December 2014
4,043
Net book value
At 31 December 2014
785
At 31 December 2013
1,046
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordiary £1 Shares of £1 each
100
100