Smokey Creek Models Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07691276 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

SMOKEY CREEK MODELS LTD

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

S T Cox

REGISTERED OFFICE:

59 Highfield Avenue

Aldershot

Hampshire

GU11 3DA

REGISTERED NUMBER:

07691276 (England and Wales)

ACCOUNTANTS:

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2014

set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your

statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

5 February 2015

FIXED ASSETS

Tangible assets

2

2,208

3,677

CURRENT ASSETS

Stocks

2,170

2,911

Cash at bank

4,528

1,791

6,698

4,702

CREDITORS

Amounts falling due within one year

11,807

13,470

NET CURRENT LIABILITIES

(5,109

)

(8,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,901

)

(5,091

)

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

(2,911

)

(5,101

)

SHAREHOLDERS' FUNDS

(2,901

)

(5,091

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5 February 2015 and were signed by:

S T Cox - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis. The director feels this is appropriate as the balance owed to

him personally exceeds that by which the balance sheet is overdrawn, and he will not withdraw his funds until such time as

the company can afford to repay them.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the total amount receivable by the company for goods provided and is recognised in line with selling

these goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

6,594

DEPRECIATION

At 1 August 2013

2,917

Charge for year

1,469

At 31 July 2014

4,386

NET BOOK VALUE

At 31 July 2014

2,208

At 31 July 2013

3,677

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

£1

10

10

4.	RELATED PARTY DISCLOSURES

5.	ULTIMATE CONTROLLING PARTY