Section Roll & Tools Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06452724

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

SECTION ROLL & TOOLS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr B Clifton

Mr I D Clifton

Mr S B Clifton

SECRETARY:

Mrs M J Clifton

REGISTERED OFFICE:

12 Johnson Street

Woodcross

Coseley

West Midlands

WV14 9RL

REGISTERED NUMBER:

06452724

ACCOUNTANTS:

Guy & Co Chartered Certified Accountants

12 Johnson Street

Woodcross

Coseley

West Midlands

WV14 9RL

FIXED ASSETS

Tangible assets

2

55,166

30,001

CURRENT ASSETS

Stocks

800

826

Debtors

63,741

38,495

Cash at bank

93,931

96,569

158,472

135,890

CREDITORS

Amounts falling due within one year

109,166

107,899

NET CURRENT ASSETS

49,306

27,991

TOTAL ASSETS LESS CURRENT LIABILITIES

104,472

57,992

CREDITORS

Amounts falling due after more than one year

(23,292

)

-

PROVISIONS FOR LIABILITIES

(6,446

)

(406

)

NET ASSETS

74,734

57,586

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

74,731

57,583

SHAREHOLDERS' FUNDS

74,734

57,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 4th July 2014 and were signed on its behalf by:

Mr B Clifton - Director

1.	ACCOUNTING POLICIES

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 net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

65,408

Additions

35,313

At 31st December 2013

100,721

DEPRECIATION

At 1st January 2013

35,407

Charge for year

10,148

At 31st December 2013

45,555

NET BOOK VALUE

At 31st December 2013

55,166

At 31st December 2012

30,001

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

3

Ordinary

1

3

3

4.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr B Clifton a director.