Standplane Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04437092 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Standplane Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Philip Michael Loat

Tessa Mary Loat

SECRETARY:

Tessa Mary Loat

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

REGISTERED NUMBER:

04437092 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

2

1,556

205

Investment property

3

318,545

320,101

318,750

CURRENT ASSETS

Stocks

-

161,846

Debtors

19,245

20,000

Cash at bank

52,255

73,649

71,500

255,495

CREDITORS

Amounts falling due within one year

65,906

210,637

NET CURRENT ASSETS

5,594

44,858

TOTAL ASSETS LESS CURRENT
LIABILITIES

325,695

363,608

PROVISIONS FOR LIABILITIES

294

-

NET ASSETS

325,401

363,608

CAPITAL AND RESERVES

Called up share capital

4

2

1

Profit and loss account

325,399

363,607

SHAREHOLDERS' FUNDS

325,401

363,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 April 2016 and were
signed on its behalf by:

Philip Michael Loat - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in market value is transferred to a revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

1,150

Additions

2,075

Disposals

(1,150

)

At 31 July 2015

2,075

DEPRECIATION

At 1 August 2014

945

Charge for year

519

Eliminated on disposal

(945

)

At 31 July 2015

519

NET BOOK VALUE

At 31 July 2015

1,556

At 31 July 2014

205

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 August 2014

and 31 July 2015

318,545

NET BOOK VALUE

At 31 July 2015

318,545

At 31 July 2014

318,545

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

2

Ordinary

£1

2

1

1 Ordinary share of £1 was issued during the year for cash of £ 1 .