Company Registration No. 06795050 (England and Wales)
STURDY FLUID POWER LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
STURDY FLUID POWER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
STURDY FLUID POWER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2
2
Current assets
Stocks
40,000
25,000
Debtors
128,033
105,866
Cash at bank and in hand
20,253
27,447
188,286
158,313
Creditors: amounts falling due within one year
(166,079)
(135,672)
Net current assets
22,207
22,641
Total assets less current liabilities
22,209
22,643
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
22,208
22,642
Shareholders' funds
22,209
22,643
For the financial year ended 31 March 2016 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 December 2016
D L Lewis
Director
Company Registration No. 06795050
STURDY FLUID POWER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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 January 2015).
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:
Plant and machinery
20% Straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
1,629
Depreciation
At 1 April 2015 & at 31 March 2016
1,627
Net book value
At 31 March 2016
2
At 31 March 2015
2
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1