Alexander Steel Limited - Abbreviated accounts 16.1

Alexander Steel Limited - Abbreviated accounts 16.1


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Alexander Steel Limited

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015






Alexander Steel Limited (Registered number: 05316200)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Alexander Steel Limited

Company Information
for the Year Ended 31 December 2015







DIRECTOR: L Lowthian





REGISTERED OFFICE: Unit 27
Meridian Business Village
Hansby Drive
Liverpool
Merseyside
L24 9LG





REGISTERED NUMBER: 05316200(England and Wales)





ACCOUNTANTS: Sue Matthews & Co Ltd
Chartered Accountants & Registered Auditors
Unit 27
Meridian Business Village
Hansby Drive
Liverpool
Merseyside
L24 9LG

Alexander Steel Limited (Registered number: 05316200)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 14,453 19,232

CURRENT ASSETS
Stocks 150,000 118,500
Debtors 4,494 2,501
Cash at bank and in hand 5,513 2,768
160,007 123,769
CREDITORS
Amounts falling due within one year 116,851 101,473
NET CURRENT ASSETS 43,156 22,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,609

41,528

CREDITORS
Amounts falling due after more than one
year

1,653

12,322
NET ASSETS 55,956 29,206

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 55,856 29,106
SHAREHOLDERS' FUNDS 55,956 29,206

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 director acknowledges his 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 director on 28 September 2016and were signed by:





L Lowthian- Director


Alexander Steel Limited (Registered number: 05316200)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

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 & services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 32,085
DEPRECIATION
At 1 January 2015 12,853
Charge for year 4,779
At 31 December 2015 17,632
NET BOOK VALUE
At 31 December 2015 14,453
At 31 December 2014 19,232

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100