Stewart Carr Design Limited - Limited company - abbreviated - 11.6

Stewart Carr Design Limited

Abbreviated Unaudited Accounts

for the Period

1 October 2013 to 28 February 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A S Carr

SECRETARY:

Mrs L Carr

REGISTERED OFFICE:

Bishopswood

Kingsmead

Wickham

Hampshire

PO17 5AU

REGISTERED NUMBER:

07460320 (England and Wales)

ACCOUNTANTS:

David Tilsley Limited

91 Lakewood Road

Chandlers Ford

Eastleigh

Hampshire

SO53 5AD

FIXED ASSETS

Intangible assets

2

-

86,250

Tangible assets

3

-

37,242

-

123,492

CURRENT ASSETS

Stocks

-

29,004

Debtors

4

81,740

34,615

Cash at bank and in hand

-

63,919

81,740

127,538

CREDITORS

Amounts falling due within one year

43,253

170,756

NET CURRENT ASSETS/(LIABILITIES)

38,487

(43,218

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,487

80,274

CREDITORS

Amounts falling due after more than one year

-

(31,646

)

PROVISIONS FOR LIABILITIES

-

(7,448

)

NET ASSETS

38,487

41,180

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

38,387

41,080

SHAREHOLDERS' FUNDS

38,487

41,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2015 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 31 March 2015 and were signed by:

A S Carr - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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 etc

-

33% on cost, 15% on reducing balance and not provided

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

100,000

Disposals

(100,000

)

At 28 February 2015

-

AMORTISATION

At 1 October 2013

13,750

Eliminated on disposal

(13,750

)

At 28 February 2015

-

NET BOOK VALUE

At 28 February 2015

-

At 30 September 2013

86,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

39,042

Additions

13,784

Disposals

(52,826

)

At 28 February 2015

-

DEPRECIATION

At 1 October 2013

1,800

Eliminated on disposal

(1,800

)

At 28 February 2015

-

NET BOOK VALUE

At 28 February 2015

-

At 30 September 2013

37,242

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 50,650

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

30.9.13

value:

£

£

100

Ordinary

1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 February 2015 and the

year ended 30 September 2013:

28.2.15

30.9.13

£

£

A S Carr

Balance outstanding at start of period

-

-

Amounts advanced

112,550

-

Amounts repaid

(139,646

)

-

Balance outstanding at end of period

(27,096

)

-