Shilcroft Ltd - Limited company - abbreviated - 11.6

Shilcroft Ltd - Limited company - abbreviated - 11.6

SHILCROFT LIMITED - Company Information

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REGISTERED NUMBER: 01337007















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

SHILCROFT LTD

SHILCROFT LTD (REGISTERED NUMBER: 01337007)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 28 February 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SHILCROFT LTD

COMPANY INFORMATION
for the Year Ended 28 February 2014







DIRECTORS: J H Shah
P K M Shah





SECRETARY: P K M Shah





REGISTERED OFFICE: 32 High Road,
East Finchley,
London
N2 9PJ





REGISTERED NUMBER: 01337007





ACCOUNTANTS: Braham Noble Denholm & Co
York House
Empire Way
Wembley
Middlesex
HA9 0PA
Page 1
SHILCROFT LTD (REGISTERED NUMBER: 01337007)

ABBREVIATED BALANCE SHEET
28 February 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1 1
Tangible assets 3 114,092 130,466
Investments 4 1 1
114,094 130,468

CURRENT ASSETS
Stocks 221,063 197,745
Debtors 131,020 187,536
Investments 13,595 13,164
Cash at bank 239,687 226,303
605,365 624,748
CREDITORS
Amounts falling due within one year 233,876 255,703
NET CURRENT ASSETS 371,489 369,045
TOTAL ASSETS LESS CURRENT
LIABILITIES
485,583
499,513

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and loss account 484,583 498,513
SHAREHOLDERS' FUNDS 485,583 499,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
SHILCROFT LTD (REGISTERED NUMBER: 01337007)

ABBREVIATED BALANCE SHEET - continued
28 February 2014


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 13 November 2014 and were signed on its behalf
by:





J H Shah - Director


The notes form part of these abbreviated accounts

Page 3
SHILCROFT LTD (REGISTERED NUMBER: 01337007)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 28 February 2014

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 April 2008).

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

Goodwill
Goodwill represents the difference between the fair value of the concideration paid on acquistion of a business
and the fair value of its seperable net assets at the date of acquistion. Goodwill is amortised over its estimated
useful life of 20 years.


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

Land and buildings - 20% on cost and not provided
Plant and machinery etc - 25% on cost and 20% 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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2013
and 28 February 2014 44,753
AMORTISATION
At 1 March 2013
and 28 February 2014 44,752
NET BOOK VALUE

At 28 February 2014 1
At 28 February 2013 1

Page 4 continued...
SHILCROFT LTD (REGISTERED NUMBER: 01337007)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 28 February 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2013 247,538
Additions 2,002
At 28 February 2014 249,540
DEPRECIATION
At 1 March 2013 117,072
Charge for year 18,376
At 28 February 2014 135,448
NET BOOK VALUE
At 28 February 2014 114,092
At 28 February 2013 130,466

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 March 2013
and 28 February 2014 1
NET BOOK VALUE
At 28 February 2014 1
At 28 February 2013 1

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

Page 5