ACCOUNTS - Final Accounts preparation


045811892014-01-01falsetrue2014-12-312014-12-31045811892014-01-012014-12-31045811892014-12-31045811892013-12-3104581189 c:FixturesFittingsToolsEquipment 2014-01-012014-12-3104581189 d:OrdinaryShareClass1 2014-12-3104581189 d:OrdinaryShareClass1 2013-12-3104581189 d:OrdinaryShareClass1 2014-01-012014-12-3104581189 d:Director2 2014-01-012014-12-3104581189 c:PlantMachinery 2014-01-012014-12-3104581189 c:NetGoodwill 2014-01-012014-12-31xbrli:sharesiso4217:GBP













STILLINGTON PARK SHOP LIMITED








UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014















Registered number: 04581189

 
STILLINGTON PARK SHOP LIMITED
REGISTERED NUMBER: 04581189

ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Intangible assets
 
2
32,000

36,000
 
Tangible assets
 
3
3,149
4,199







35,149

40,199
 
CURRENT ASSETS





 
Stocks
7,118
6,218

 
Debtors
991
-

 
Cash at bank and in hand

4,250
3,883







 
12,359
10,101
 
CREDITORS: amounts falling due within one year
(44,629)
(32,693)
 
NET CURRENT LIABILITIES


(32,270)

(22,592)
 
NET ASSETS
 2,879

 17,607
  
CAPITAL AND RESERVES

 
Called up share capital
4
2
2
 
Profit and loss account
2,877
17,605
 
SHAREHOLDERS' FUNDS
 

 2,879

 17,607


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 6 May 2015.




Mrs J E Wood
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
STILLINGTON PARK SHOP LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

1.3
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.

1.4
Intangible fixed assets and amortisation

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life of twenty years.

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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & machinery
-
25% reducing balance
Furniture & fittings
-
25% reducing balance


2.INTANGIBLE FIXED ASSETS



£


Cost



At 1 January 2014 and 31 December 2014

80,000

Amortisation


At 1 January 2014
44,000

Charge for the year
4,000


At 31 December 2014

48,000




Net book value


At 31 December 2014
 32,000


At 31 December 2013

 36,000

Page 2

 
STILLINGTON PARK SHOP LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

3.TANGIBLE FIXED ASSETS



£


Cost 



At 1 January 2014 and 31 December 2014

22,729



Depreciation


At 1 January 2014
18,530

Charge for the year
1,050


At 31 December 2014

19,580




Net book value


At 31 December 2014
 3,149


At 31 December 2013

 4,199


4.SHARE CAPITAL

        2014
        2013
        £

        £

Allotted, called up and fully paid



2 Ordinary shares of £1 each
 2
 2

Page 3