STEENE_ASSOCIATES_(ARCHIT - Accounts

STEENE ASSOCIATES (ARCHITECTS) LIMITED - Company Information

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Company Registration No. 02922043 (England and Wales)

STEENE ASSOCIATES (ARCHITECTS) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

STEENE ASSOCIATES (ARCHITECTS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

STEENE ASSOCIATES (ARCHITECTS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

1,075

1,509

Current assets

Stocks

99,925

111,549

Debtors

4,730

6,073

Cash at bank and in hand

3,382

108,037

117,707

Creditors: amounts falling due within one year

(108,412)

(113,771)

Net current (liabilities)/assets

(375)

3,936

Total assets less current liabilities

700

5,445

Creditors: amounts falling due after more than one year

(4,500)

700

945

Capital and reserves

Called up share capital

Profit and loss account

696

941

Shareholders' funds

700

945

STEENE ASSOCIATES (ARCHITECTS) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2013

- 2 -

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 August 2014

Mr J I Steene

Director

Company Registration No. 02922043

STEENE ASSOCIATES (ARCHITECTS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

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

1.3

Turnover

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

1.4

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:

Plant and machinery

33% reducing balance method

Fixtures, fittings and equipment

25% reducing balance method

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 January 2013

30,801

Disposals

(17,890)

At 31 December 2013

12,911

Depreciation

At 1 January 2013

29,292

On disposals

(17,890)

Charge for the year

434

At 31 December 2013

11,836

Net book value

At 31 December 2013

1,075

At 31 December 2012

1,509

STEENE ASSOCIATES (ARCHITECTS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 4 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £4,500 (2012 - £27,549).

Share capital

2013

2012

Allotted, called up and fully paid

4 Ordinary shares of £1 each