Company Registration No. 06731810 (England and Wales)
ZEPPELIN SHELTER TRADING CO LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
ZEPPELIN SHELTER TRADING CO LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
89,338
88,294
Current assets
Stocks
3,820
4,527
Debtors
9,471
7,933
Cash at bank and in hand
15,930
36,857
29,221
49,317
Creditors: amounts falling due within one year
(221,129)
(262,806)
Net current liabilities
(191,908)
(213,489)
Total assets less current liabilities
(102,570)
(125,195)
Creditors: amounts falling due after more than one year
(30,000)
(30,000)
(132,570)
(155,195)
Capital and reserves
Called up share capital
3
90
90
Profit and loss account
(132,660)
(155,285)
Shareholders' funds
(132,570)
(155,195)
ZEPPELIN SHELTER TRADING CO LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2015
31 October 2015
- 2 -
For the financial year ended 31 October 2015 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 31 August 2016
J Hurt
Director
Company Registration No. 06731810
ZEPPELIN SHELTER TRADING CO LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
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).
The financial statements have been prepared using the going concern principle. The financial statements show that the net liabilities exceeded the net assets. The company is therefore relying on the continued financial support of its creditors.No adjustment has been made to reclassify the net current liabilites on the basis that the support will not be withdrawn.The director considers the going concern principle to be appropriate.
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 sales recognised on accruals basis, 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:
Land and buildings Leasehold
Over the term of the lease
Plant and machinery
25% Reducing Balance
Fixtures, fittings & equipment
25% Reducing Balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
ZEPPELIN SHELTER TRADING CO LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
134,166
Additions
10,228
At 31 October 2015
144,394
Depreciation
At 1 November 2014
45,872
Charge for the year
9,184
At 31 October 2015
55,056
Net book value
At 31 October 2015
89,338
At 31 October 2014
88,294
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
90 Ordinary of £1 each
90
90
4
Transactions with directors
During the year the directors have provided working capital to enable to company to meets its ongoing liabilities. The amounts due at the balance sheet date is included in other creditors due within one year and after one year. The total amount due at the balance sheet date was as follows :-
J Hurt £122,722
R Porter £29,456.