Sladmore Contemporary Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06365864 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Sladmore Contemporary Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G C Farrell

E F Horswell

Mrs N Horswell

SECRETARY:

Mrs N Horswell

REGISTERED OFFICE:

32 Bruton Place

Off Berkeley Square

London

W1J 6NW

REGISTERED NUMBER:

06365864 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Tangible assets

2

488

2,150

CURRENT ASSETS

Stocks

210,384

223,922

Debtors

277,981

292,665

Cash at bank and in hand

125,371

143,204

613,736

659,791

CREDITORS

Amounts falling due within one year

575,395

612,625

NET CURRENT ASSETS

38,341

47,166

TOTAL ASSETS LESS CURRENT LIABILITIES

38,829

49,316

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

38,729

49,216

SHAREHOLDERS' FUNDS

38,829

49,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 23 January 2015 and were signed on its behalf by:

G C Farrell - 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 allowances for obsolete and

slow moving items and excludes any items held on consignment.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

10,013

DEPRECIATION

At 1 May 2013

7,863

Charge for year

1,662

At 30 April 2014

9,525

NET BOOK VALUE

At 30 April 2014

488

At 30 April 2013

2,150

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

100

Share capital 1

£1

100

100