Sharps Drain Logic Limited - Limited company - abbreviated - 11.0.0
Sharps Drain Logic Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 November 2013 |
| for |
| Sharps Drain Logic Limited |
| Sharps Drain Logic Limited (Registered number: 02768346) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 November 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Sharps Drain Logic Limited |
| Company Information |
| for the Year Ended 30 November 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Sharps Drain Logic Limited (Registered number: 02768346) |
| Abbreviated Balance Sheet |
| 30 November 2013 |
| 30.11.13 | 30.11.12 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Sharps Drain Logic Limited (Registered number: 02768346) |
| Abbreviated Balance Sheet - continued |
| 30 November 2013 |
| The financial statements were approved by the Board of Directors on |
| Sharps Drain Logic Limited (Registered number: 02768346) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 November 2013 |
| 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. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquistion of a business in 1992,is being written off over its |
| estimated useful life of ten years. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme |
| are charged to the profit and loss account in the period to which they relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2012 |
| and 30 November 2013 |
| AMORTISATION |
| At 1 December 2012 |
| and 30 November 2013 |
| NET BOOK VALUE |
| At 30 November 2013 |
| At 30 November 2012 |
| Sharps Drain Logic Limited (Registered number: 02768346) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 November 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2012 |
| Additions |
| At 30 November 2013 |
| DEPRECIATION |
| At 1 December 2012 |
| Charge for year |
| At 30 November 2013 |
| NET BOOK VALUE |
| At 30 November 2013 |
| At 30 November 2012 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.13 | 30.11.12 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | ULTIMATE PARENT COMPANY |
| The London Drain Company Limited is the ultimate parent company. |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Heslops Associates Limited, Chartered Accountants, a practice which Mr J P R Prevost FCA is a Director charged £2,855 |
| (2012 £3,483) in normal professional fees. |
| 7. | ULTIMATE CONTROLLING PARTY |
| As stated in the Directors' Report, The London Drain Company Limited is 100% beneficially owned by the Directors and |
| their wives. |