Abbreviated Company Accounts - S.M.S. SEWING MACHINES (ECCLES) LIMITED

S.M.S. SEWING MACHINES (ECCLES) LIMITED - Company Information

00745938 S.M.S. SEWING MACHINES (ECCLES) LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 00745938 2014-01-01 2014-12-31 00745938 2014-12-31 00745938 2013-12-31 00745938 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 00745938 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director4 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director4 2014-12-31 uk-gaap-cd-bus:Director4 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 00745938

S.M.S. SEWING MACHINES (ECCLES) LIMITED

Abbreviated Accounts

31 December 2014

S.M.S. SEWING MACHINES (ECCLES) LIMITED Registered Number 00745938

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	305,845	257,055
		305,845	257,055
Current assets
Stocks		24,522	28,896
Debtors		13,799	21,865
Cash at bank and in hand		15,216	17,004
		53,537	67,765
Creditors: amounts falling due within one year		(93,032)	(81,799)
Net current assets (liabilities)		(39,495)	(14,034)
Total assets less current liabilities		266,350	243,021
Provisions for liabilities		(35,926)	(22,851)
Total net assets (liabilities)		230,424	220,170
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		230,421	220,167
Shareholders' funds		230,424	220,170

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 September 2015

And signed on their behalf by:
S Bamber, Director

S.M.S. SEWING MACHINES (ECCLES) LIMITED Registered Number 00745938

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Revenue described as turnover in the financial statements is the value of goods and services net of VAT provided to customers during the year.

Tangible assets depreciation policy
The cost of tangible fixed assets include expenditure directly incurred in bringing the assets into working condition for their intended use. Depreciation is provided at the following annual rates in order to allocate the depreciable amount of each asset over its estimated useful life.

Land and buildings : 1% straight line
Plant and machinery : 20% straight line / 40% straight line
Motor vehicles : 25% straight line

2Tangible fixed assets

	£
Cost
At 1 January 2014	349,107
Additions	196,266
Disposals	(119,981)
Revaluations	-
Transfers	-
At 31 December 2014	425,392
Depreciation
At 1 January 2014	92,052
Charge for the year	75,089
On disposals	(47,594)
At 31 December 2014	119,547
Net book values
At 31 December 2014	305,845
At 31 December 2013	257,055

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
3 Ordinary shares of £1 each	3	3

4Transactions with directors

Name of director receiving advance or credit:	A Bamber
Description of the transaction:	Loan
Balance at 1 January 2014:	£ 593
Advances or credits made:	£ 597
Advances or credits repaid:	-
Balance at 31 December 2014:	£ 1,190

Name of director receiving advance or credit:	S Bamber
Description of the transaction:	Loan
Balance at 1 January 2014:	£ 165
Advances or credits made:	£ 1,702
Advances or credits repaid:	-
Balance at 31 December 2014:	£ 1,867