Company Registration No. 08819859 (England and Wales)
SPECTRUM ARCHITECTURAL GLAZING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
SPECTRUM ARCHITECTURAL GLAZING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SPECTRUM ARCHITECTURAL GLAZING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
157,071
45,620
Current assets
Stocks
5,000
-
Debtors
21,106
-
Cash at bank and in hand
283,000
45,138
309,106
45,138
Creditors: amounts falling due within one year
(201,146)
(54,870)
Net current assets/(liabilities)
107,960
(9,732)
Total assets less current liabilities
265,031
35,888
Creditors: amounts falling due after more than one year
(16,743)
-
248,288
35,888
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
248,188
35,788
Shareholder's funds
248,288
35,888
For the financial year ended 31 December 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 for issue on 8 April 2016
Ms Lone Otte
Director
Company Registration No. 08819859
SPECTRUM ARCHITECTURAL GLAZING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 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
10% Reducing Balance
Fixtures, fittings & equipment
15% Reducing Balance
Motor vehicles
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
45,632
Additions
129,066
At 31 December 2015
174,698
Depreciation
At 1 January 2015
12
Charge for the year
17,615
At 31 December 2015
17,627
Net book value
At 31 December 2015
157,071
At 31 December 2014
45,620
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100