Saunders Shepherd & Co. Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00144161

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Saunders Shepherd & Co. Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S A Shepherd

Mrs C E H Shepherd

J A Coupland

W J Coupland

M Fowler

SECRETARY:

M Isaacs

REGISTERED OFFICE:

Albion Street Works

62-64 Albion Street

Birmingham

West Midlands

B1 3EA

REGISTERED NUMBER:

00144161

ACCOUNTANTS:

Jerroms Trafalgars

Chartered Certified Accountants

Trafalgar House

261 Alcester Road South

Kings Heath

Birmingham

West Midlands

B14 6DT

FIXED ASSETS

Tangible assets

2

345,707

17,614

Investments

3

14,608

360,315

32,222

CURRENT ASSETS

Stocks

67,898

26,351

Debtors

168,038

217,783

Cash at bank

208,122

251,188

444,058

495,322

CREDITORS

Amounts falling due within one year

4

98,833

89,483

NET CURRENT ASSETS

345,225

405,839

TOTAL ASSETS LESS CURRENT
LIABILITIES

705,540

438,061

CREDITORS

Amounts falling due after more than one year

4

319,746

100,000

CAPITAL AND RESERVES

Called up share capital

5

100,000

Profit and loss account

285,794

238,061

SHAREHOLDERS' FUNDS

385,794

338,061

705,540

438,061

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 4 July 2016 and were signed on its behalf by:

J A Coupland - Director

S A Shepherd - 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).

Preparation of consolidated financial statements

The financial statements contain information about Saunders Shepherd & Co. Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of

the Companies Act 2006 not to prepare consolidated financial statements.

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Deferred tax assets shall be recognised only to the extent that it is more likely than not that they will be recovered against

future taxable profits.

Investment

This is included at cost subject to impairment reviews by the directors.

Commission received

This is included in other income when the company earns the right to receive commission based on the sales recorded by the

supplier. Commission earned during the year, but not received is included in debtors at the at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

67,581

Additions

331,781

At 31 December 2015

399,362

DEPRECIATION

At 1 January 2015

49,967

Charge for year

3,688

At 31 December 2015

53,655

NET BOOK VALUE

At 31 December 2015

345,707

At 31 December 2014

17,614

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

14,608

NET BOOK VALUE

At 31 December 2015

14,608

At 31 December 2014

14,608

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bergerie Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary shares

100.00

31.12.15

31.12.14

£

Aggregate capital and reserves

15,362

4.

CREDITORS

Creditors include an amount of £ 238,446 for which security has been given.

They also include the following debts falling due in more than five years:

31.12.15

31.12.14

£

Repayable by instalments

144,946

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100,000

Ordinary shares

£1

100,000