SERVICE_PARTITIONS_LIMITE - Accounts

SERVICE PARTITIONS LIMITED - Company Information

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Company Registration No. 00976836 (England and Wales)

SERVICE PARTITIONS LIMITED

TRADING AS SERVICE GROUP INTERIORS

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2014

SERVICE PARTITIONS LIMITED

TRADING AS SERVICE GROUP INTERIORS

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SERVICE PARTITIONS LIMITED

TRADING AS SERVICE GROUP INTERIORS

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

8,584

11,713

Current assets

Stocks

833

533

Debtors

82,987

84,484

Cash at bank and in hand

30,055

39,766

113,875

124,783

Creditors: amounts falling due within one year

(53,109)

(73,161)

Net current assets

60,766

51,622

Total assets less current liabilities

69,350

63,335

Capital and reserves

Called up share capital

20,000

Profit and loss account

49,350

43,335

Shareholders' funds

69,350

63,335

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The abbreviated accounts have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board for issue on 30 October 2014

W Kirkham

DJ Phillips

Director

Company Registration No. 00976836

SERVICE PARTITIONS LIMITED

TRADING AS SERVICE GROUP INTERIORS

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

1.2

Turnover

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

1.3

Tangible fixed assets and depreciation

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 & equipment

15 to 33.3% reducing balance

Motor vehicles

25% reducing balance

1.4

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

SERVICE PARTITIONS LIMITED

TRADING AS SERVICE GROUP INTERIORS

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2013 & at 31 July 2014

75,761

Depreciation

At 1 August 2013

64,048

Charge for the year

3,129

At 31 July 2014

67,177

Net book value

At 31 July 2014

8,584

At 31 July 2013

11,713

Share capital

2014

2013

Allotted, called up and fully paid

20,000 Ordinary shares of £1 each

20,000