Geoff Stone Property Maintenance Limited - Period Ending 2015-09-30

Registration number: 04436963

Geoff Stone Property Maintenance Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Geoff Stone Property Maintenance Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Geoff Stone Property Maintenance Limited
(Registration number: 04436963)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					4,550			5,200
Tangible fixed assets					3,902			4,096
		2			8,452			9,296
Current assets
Stocks					679			855
Debtors					206			326
Cash at bank and in hand					3,768			3,615
					4,653			4,796
Creditors: Amounts falling due within one year		3			(11,259)			(8,074)
Net current liabilities					(6,606)			(3,278)
Total assets less current liabilities					1,846			6,018
Provisions for liabilities					(780)			(819)
Net assets					1,066			5,199
Capital and reserves
Called up share capital		4			6			6
Profit and loss account					1,060			5,193
Shareholders' funds					1,066			5,199

Page 1

Geoff Stone Property Maintenance Limited
(Registration number: 04436963)
Abbreviated Balance Sheet at 30 September 2015

For the year ending 30 September 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 director acknowledges his 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 director on 29 January 2016

Mr L W Alexander Director

Page 2

Geoff Stone Property Maintenance Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 September 2015

1	Accounting policies

Basis of preparation

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).

Going concern

The company has net current liabilities at the year end and the director has indicated he will meet any liabilities of the company as they fall due. On this basis the financial statements have been prepared on a going concern basis.

Turnover

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

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	Written off over 20 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% - 25% of written down value

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 3

Geoff Stone Property Maintenance Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 September 2015

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2014		13,000			19,232			32,232
Additions		-			830			830
At 30 September 2015		13,000			20,062			33,062
Depreciation
At 1 October 2014		7,800			15,136			22,936
Charge for the year		650			1,024			1,674
At 30 September 2015		8,450			16,160			24,610
Net book value
At 30 September 2015		4,550			3,902			8,452
At 30 September 2014		5,200			4,096			9,296

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		611			-

Page 4

Geoff Stone Property Maintenance Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 September 2015

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
A Ordinary shares of £1 each		2			2			2			2
B Ordinary shares of £1 each		2			2			2			2
C Ordinary shares of £1 each		2			2			2			2
		6			6			6			6

5	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr L W Alexander
Advanced, interest charged at official rate	-	-	625	-
Repaid	-	-	-	625
	-	-	625	625

Page 5