Abbreviated Company Accounts - ELITE TRADE KITCHENS LIMITED

Abbreviated Company Accounts - ELITE TRADE KITCHENS LIMITED

ELITE TRADE KITCHENS LIMITED - Company Information

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Registered Number 05111941

ELITE TRADE KITCHENS LIMITED

Abbreviated Accounts

31 December 2013

ELITE TRADE KITCHENS LIMITED Registered Number 05111941

Abbreviated Balance Sheet as at 31 December 2013

Notes 31/12/2013 30/06/2012
£ £
Fixed assets
Intangible assets 2 105,841 151,203
Tangible assets 3 3,318 4,702
109,159 155,905
Current assets
Debtors 16,233 60,317
Cash at bank and in hand 44,950 2,499
61,183 62,816
Creditors: amounts falling due within one year (24,539) (25,055)
Net current assets (liabilities) 36,644 37,761
Total assets less current liabilities 145,803 193,666
Provisions for liabilities (158) (263)
Total net assets (liabilities) 145,645 193,403
Capital and reserves
Called up share capital 100 100
Profit and loss account 145,545 193,303
Shareholders' funds 145,645 193,403
  • For the year ending 31 December 2013 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 25 September 2014

And signed on their behalf by:
R Pinder, Director

ELITE TRADE KITCHENS LIMITED Registered Number 05111941

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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 and equipment 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal instalments over its estimated useful life.

2Intangible fixed assets
£
Cost
At 1 July 2012 252,004
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 252,004
Amortisation
At 1 July 2012 100,801
Charge for the year 45,362
On disposals -
At 31 December 2013 146,163
Net book values
At 31 December 2013 105,841
At 30 June 2012 151,203
3Tangible fixed assets
£
Cost
At 1 July 2012 28,352
Additions 545
Disposals -
Revaluations -
Transfers -
At 31 December 2013 28,897
Depreciation
At 1 July 2012 23,650
Charge for the year 1,929
On disposals -
At 31 December 2013 25,579
Net book values
At 31 December 2013 3,318
At 30 June 2012 4,702

4Transactions with directors

Name of director receiving advance or credit: R Pinder
Description of the transaction: Loan
Balance at 1 July 2012: £ 50,493
Advances or credits made: £ 480
Advances or credits repaid: £ 50,143
Balance at 31 December 2013: £ 830

The directors loan was repaid in full on 16/04/2014

During the year the company paid rent to R Pinder, a director and shareholder of the company, amounting to £22,000 (2012: £12,000)

Dividends paid to directors during the year were £29,835 (2012: £28.000) to R Pinder and £11,074 (2012: £Nil) to D A Pinder.