Strong Base Carpentry and Joinery Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08062506 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

STRONG BASE CARPENTRY AND JOINERY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Ghapantsyan

Miss M Aristakesyan

SECRETARY:

N Sakratyan

REGISTERED OFFICE:

Langley House

Park Road

East Finchley

London

N2 8EY

REGISTERED NUMBER:

08062506 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

Park Road

East Finchley

London

N2 8EY

FIXED ASSETS

Tangible assets

2

9,724

12,966

CURRENT ASSETS

Stocks

117,074

44,952

Debtors

18,105

8,855

Cash at bank and in hand

7,210

765

142,389

54,572

CREDITORS

Amounts falling due within one year

102,583

40,802

NET CURRENT ASSETS

39,806

13,770

TOTAL ASSETS LESS CURRENT LIABILITIES

49,530

26,736

CREDITORS

Amounts falling due after more than one year

6,421

10,274

NET ASSETS

43,109

16,462

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

43,009

16,362

SHAREHOLDERS' FUNDS

43,109

16,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 February 2015 and were signed on its behalf by:

R Ghapantsyan - 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 and services, excluding value added tax and is recognised once

the goods and services have been provided.

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

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 June 2013

and 31 May 2014

17,288

DEPRECIATION

At 1 June 2013

4,322

Charge for year

3,242

At 31 May 2014

7,564

NET BOOK VALUE

At 31 May 2014

9,724

At 31 May 2013

12,966

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

100

Ordinary shares

1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2014 and the period

ended 31 May 2013:

31.5.14

31.5.13

£

£

Miss M Aristakesyan

Balance outstanding at start of year

6,444

-

Amounts advanced

18,540

11,694

Amounts repaid

(10,500

)

(5,250

)

Balance outstanding at end of year

14,484

6,444

During the year advances were made to the director of £18,000 and these were repayable on demand. Interest of

£540 was charged at official HMRC rates and the director was entitled to dividends of £10,500. This balance is

disclosed in debtors due within one year.