Accounts filed on 30-11-2015


Registered number: 05283257






Staite Enterprises Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015
























Prepared By:
Taylor & Taylor Accountants Limited
Chartered Accountants
168 Tilehouse Lane
Tidbury Green
Solihull
West Midlands
B90 1PW


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30 November 2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 05283257


Registered Number: 05283257

BALANCE SHEET AT 30 NOVEMBER 2015

			2015		2014
	Notes		£		£

FIXED ASSETS
Tangible assets	2		840,062		883,830

CURRENT ASSETS
Stock		305,745		-
Debtors (amounts falling due within one year)	3	2,750		81,721
Cash at bank and in hand		8,607		80,420
		317,102		162,141
CREDITORS: Amounts falling due within one year		47,421		31,176
NET CURRENT ASSETS			269,681		130,965
TOTAL ASSETS LESS CURRENT LIABILITIES			1,109,743		1,014,795


CREDITORS: Amounts falling due after more than one year	4		162,318		185,466

NET ASSETS			947,425		829,329

CAPITAL AND RESERVES

Called up share capital	5		3,500		3,500
Share premium account			754,961		754,961
Profit and loss account			188,964		70,868
SHAREHOLDERS' FUNDS			947,425		829,329

For the year ending 30 November 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 11 March 2016 and signed on their behalf by




J.Staite
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		reducing balance 25%




1d. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1e. Stocks
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.




1f. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2015	2014
	£	£

Amounts falling due within one year:
Other debtors	2,750	81,721
	2,750	81,721




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2015	2014
	£	£
Bank loans and overdrafts	162,318	185,466
	162,318	185,466




5. SHARE CAPITAL	2015	2014
	£	£
Allotted, issued and fully paid:
3500 Ordinary shares of £1 each	3500	3500
	3,500	3,500