SPRINGBOURNE_PUBLISHING_L - Accounts

SPRINGBOURNE PUBLISHING LTD - Company Information

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Company Registration No. 06656263 (England and Wales)

SPRINGBOURNE PUBLISHING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2014

SPRINGBOURNE PUBLISHING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SPRINGBOURNE PUBLISHING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

2,663

3,237

Tangible assets

9,619

11,316

12,282

14,553

Current assets

Cash at bank and in hand

Creditors: amounts falling due within one year

(16,863)

(17,026)

Net current liabilities

(16,790)

(16,927)

Total assets less current liabilities

(4,508)

(2,374)

Creditors: amounts falling due after more than one year

(136,567)

(141,075)

(138,941)

Capital and reserves

Called up share capital

Profit and loss account

(141,076)

(138,942)

Shareholders' funds

(141,075)

(138,941)

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 30 April 2015

Miss Penelope Vernon

Director

Company Registration No. 06656263

SPRINGBOURNE PUBLISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

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 April 2008).

Included in creditors after one year are loans from the directors of £136,567 (2012:£136,567) the directors have given undertakings to continue to support the company for the foreseeable future, for this reason the accounts have been prepared on a going concern basis which assumes this continued support.

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

Patents

Trade Marks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

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

15% Reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2013 & at 31 July 2014

5,740

25,456

31,196

Depreciation

At 1 August 2013

2,503

14,140

16,643

Charge for the year

574

1,697

2,271

At 31 July 2014

3,077

15,837

18,914

Net book value

At 31 July 2014

2,663

9,619

12,282

At 31 July 2013

3,237

11,316

14,553

SPRINGBOURNE PUBLISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary Shares of £1 each