Spraywell Paints (Coventry) Ltd,Ltd - Accounts

Spraywell Paints (Coventry) Ltd,Ltd - Accounts

SPRAYWELL PAINTS (COVENTRY) LTD - Company Information

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2014-10-01 true false Private Limited Company 04547407 2015-09-30 04547407 2014-10-01 2015-09-30 04547407 2014-09-30 04547407 2013-10-01 2014-09-30 04547407 uk-bus:Director1 2014-10-01 2015-09-30 04547407 uk-gaap:AfterOneYear 2014-09-30 04547407 uk-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP
Spraywell Paints (Coventry) Ltd
For the year ended 30 September 2015
England and Wales
Registered Number: 04547407
2
Contents Page
Spraywell Paints (Coventry) Ltd
For the year ended 30 September 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Spraywell Paints (Coventry) Ltd
Accountants' Report
For the year ended 30 September 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the
year ended 30 September 2015 and you consider that the company is exempt from an audit under the
Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist
you to fulfil your statutory responsibilities, from the accounting records and information and explanations
supplied to us.
Vickers Reynolds & Co (Lye) Ltd
'The Stables'
Dudley road
Lye, Stourbridge
West Midlands
DY9 8EL
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4
Abbreviated Balance Sheet
Spraywell Paints (Coventry) Ltd
As at 30 September 2015
04547407
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
18,778
18,778
18,778
18,778
Current assets
Stocks
37,680
34,812
Debtors
9,895
6,402
Cash at bank and in hand
14,389
3,315
55,603
50,890
Creditors: amounts falling due within one year
(33,480)
(42,498)
17,410
13,105
Net current assets
Total assets less current liabilities
31,883
36,188
Creditors: amounts falling due after more than one year
3
(24,611)
(20,026)
11,857
Net assets
11,577
Capital and reserves
Called up share capital
100
4
100
Profit and loss account
11,757
11,477
11,857
11,577
Shareholders funds
For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) 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.
Date approved by the board: 19 November 2015
Robert Muir Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Spraywell Paints (Coventry) Ltd
For the year ended 30 September 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been
approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
Spraywell Paints (Coventry) Ltd
For the year ended 30 September 2015
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
18,778
At 01 October 2014
At 30 September 2015
18,778
Net book values
At 30 September 2015
18,778
18,778
At 30 September 2014
2014
2015
3 Creditors due after more than one year
£
£
20,026
24,611
Bank loans and overdraft
4 Share capital
Allotted called up and fully paid
2015
2014
£
£
100 Class A shares of £1.00 each
100
100
100
100
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