Alexander Steel Limited

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

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

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 2016 and were signed by:

L Lowthian - 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).

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