SERVICE_PARTITIONS_LIMITE - Accounts


Company Registration No. 00976836 (England and Wales)
SERVICE PARTITIONS LIMITED
TRADING AS SERVICE GROUP INTERIORS
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2015
31 July 2015
SERVICE PARTITIONS LIMITED
TRADING AS SERVICE GROUP INTERIORS
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SERVICE PARTITIONS LIMITED
TRADING AS SERVICE GROUP INTERIORS
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,141
8,584
Current assets
Stocks
1,184
833
Debtors
113,685
82,987
Cash at bank and in hand
144,901
30,055
259,770
113,875
Creditors: amounts falling due within one year
(160,360)
(53,109)
Net current assets
99,410
60,766
Total assets less current liabilities
107,551
69,350
Capital and reserves
Called up share capital
3
20,000
20,000
Profit and loss account
87,551
49,350
Shareholders'  funds
107,551
69,350
For the financial year ended 31 July 2015 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 1 December 2015
W Kirkham
DJ Phillips
Director
Director
Company Registration No. 00976836
SERVICE PARTITIONS LIMITED
TRADING AS SERVICE GROUP INTERIORS
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
31 JULY 2015
31 July 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Fixtures, fittings & equipment
15 to 33.3% reducing balance
Motor vehicles
25% reducing balance
1.4
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
SERVICE PARTITIONS LIMITED
TRADING AS SERVICE GROUP INTERIORS
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED
31 JULY 2015
31 July 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014
75,761
Additions
2,833
Disposals
(1,850)
At 31 July 2015
76,744
Depreciation
At 1 August 2014
67,177
On disposals
(1,795)
Charge for the year
3,221
At 31 July 2015
68,603
Net book value
At 31 July 2015
8,141
At 31 July 2014
8,584
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
20,000Ordinary shares of £1 each
20,000
20,000
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