Abbreviated Company Accounts - STAINLESS PLATING LIMITED

STAINLESS PLATING LIMITED - Company Information

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Registered Number 00216037

STAINLESS PLATING LIMITED

Abbreviated Accounts

31 December 2014

STAINLESS PLATING LIMITED Registered Number 00216037

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	210,358	197,135
		210,358	197,135
Current assets
Stocks		75,941	79,412
Debtors		512,590	432,053
		588,531	511,465
Creditors: amounts falling due within one year		(224,108)	(226,096)
Net current assets (liabilities)		364,423	285,369
Total assets less current liabilities		574,781	482,504
Creditors: amounts falling due after more than one year		(13,179)	0
Total net assets (liabilities)		561,602	482,504
Capital and reserves
Called up share capital	3	11,950	11,950
Profit and loss account		549,652	470,554
Shareholders' funds		561,602	482,504

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 23 September 2015

And signed on their behalf by:
L GRANT, Director

STAINLESS PLATING LIMITED Registered Number 00216037

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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 10% straight line
Jigs 20% straight line
Fixtures and Fittings 10% on reducing balance
Computer Equipment 25% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 January 2014	937,710
Additions	64,096
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	1,001,806
Depreciation
At 1 January 2014	740,575
Charge for the year	50,873
On disposals	-
At 31 December 2014	791,448
Net book values
At 31 December 2014	210,358
At 31 December 2013	197,135

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

	2014 £	2013 £
11,950 Ordinary shares of £1 each	11,950	11,950

4Transactions with directors

Name of director receiving advance or credit:	L Grant
Description of the transaction:	Loans to directors
Balance at 1 January 2014:	£ 1,601
Advances or credits made:	£ 14,239
Advances or credits repaid:	£ 15,840
Balance at 31 December 2014:	£ 0