Summercombe No 87 Limited - Limited company - abbreviated - 11.0.0

Abbreviated Unaudited Accounts for the Year Ended 28 February 2014

for

Summercombe No 87 Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P J Bennett

SECRETARY:

SJ Ellis

REGISTERED OFFICE:

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

REGISTERED NUMBER:

03830530 (England and Wales)

ACCOUNTANTS:

Peter Upton

PO Box 782

Maidenhead

Berkshire

SL6 1FR

FIXED ASSETS

Tangible assets

2

26,658

40,083

CURRENT ASSETS

Stocks

170,000

120,000

Debtors

140,945

168,640

Cash at bank

48,644

-

359,589

288,640

CREDITORS

Amounts falling due within one year

348,367

136,202

NET CURRENT ASSETS

11,222

152,438

TOTAL ASSETS LESS CURRENT LIABILITIES

37,880

192,521

CAPITAL AND RESERVES

Called up share capital

3

21

21

Profit and loss account

37,859

192,500

SHAREHOLDERS' FUNDS

37,880

192,521

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 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 26 November 2014 and were signed by:

P J Bennett - 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 April 2008).

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.

Plant and machinery etc

-

25% on cost

Stocks

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

obsolete and slow moving items.

Going concern

The directors have a reasonable expectation that the company has adequate resources to

continue in operational existence for the foreseeable future. Thus they continue to adopt the

going concern basis of accounting in preparing the annual financial statements.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

57,401

Additions

480

At 28 February 2014

57,881

DEPRECIATION

At 1 March 2013

17,318

Charge for year

13,905

At 28 February 2014

31,223

NET BOOK VALUE

At 28 February 2014

26,658

At 28 February 2013

40,083

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

21

ordinary

£1

21

21