Abbreviated Company Accounts - STILEMAN LTD

08573835 STILEMAN LTD 2015-06-30 false 2014-07-01 2015-06-30 true 08573835 2014-07-01 2015-06-30 08573835 2015-06-30 08573835 2014-06-30 08573835 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 08573835 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 08573835

STILEMAN LTD

Abbreviated Accounts

30 June 2015

STILEMAN LTD Registered Number 08573835

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	135,450	12,600
		135,450	12,600
Current assets
Debtors		-	1,839
		-	1,839
Creditors: amounts falling due within one year		(133,583)	(16,049)
Net current assets (liabilities)		(133,583)	(14,210)
Total assets less current liabilities		1,867	(1,610)
Total net assets (liabilities)		1,867	(1,610)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		1,866	(1,611)
Shareholders' funds		1,867	(1,610)

For the year ending 30 June 2015 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 8 January 2016

And signed on their behalf by:
Alexander Stileman, Director

STILEMAN LTD Registered Number 08573835

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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 amounts chargeable in respect of the sale of goods and services to customers.

Intangible assets amortisation policy
Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class Amortisation method and rate
Goodwill 5 Years

2Intangible fixed assets

	£
Cost
At 1 July 2014	15,750
Additions	157,500
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	173,250
Amortisation
At 1 July 2014	3,150
Charge for the year	34,650
On disposals	-
At 30 June 2015	37,800
Net book values
At 30 June 2015	135,450
At 30 June 2014	12,600

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

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1