Fred Stevens Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02818626 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2014

FOR

FRED STEVENS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J J Baker MBIE, DIP.FD, MBIFD

D J Melsome

SECRETARY:

D J Melsome

REGISTERED OFFICE:

Newmarket Road

Nailsworth

Gloucestershire

GL6

ODQ

REGISTERED NUMBER:

02818626 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

2

27,053

32,206

Tangible assets

3

91,020

88,908

118,073

121,114

CURRENT ASSETS

Stocks

3,000

900

Debtors

16,652

11,605

Cash at bank and in hand

97,844

52,307

117,496

64,812

CREDITORS

Amounts falling due within one year

70,834

44,861

NET CURRENT ASSETS

46,662

19,951

TOTAL ASSETS LESS CURRENT LIABILITIES

164,735

141,065

PROVISIONS FOR LIABILITIES

10,327

12,477

NET ASSETS

154,408

128,588

CAPITAL AND RESERVES

Called up share capital

4

150,360

150,360

Profit and loss account

4,048

(21,772

)

SHAREHOLDERS' FUNDS

154,408

128,588

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 February 2015 and were signed on its behalf by:

J J Baker MBIE, DIP.FD, MBIFD - 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).

Going concern

There are no material uncertainties that may cast significant doubt about the ability of the company to

continue as a going concern.

Turnover

Revenue represents the invoiced value of goods sold and services provided during the period, stated

net of Value Added Tax.

Revenue from the principal activity of funeral services is recognised when the service and goods have

been provided and all obligations to the customers have been fulfilled, unless management has doubts

as to the recoverability of fees.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

5% on cost

Furniture and equipment

-

at varying rates on cost

Motor vehicles

-

at varying rates on cost

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.

Pension costs

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 September 2013

and 31 August 2014

103,057

AMORTISATION

At 1 September 2013

70,851

Amortisation for year

5,153

At 31 August 2014

76,004

NET BOOK VALUE

At 31 August 2014

27,053

At 31 August 2013

32,206

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

190,727

Additions

21,336

At 31 August 2014

212,063

DEPRECIATION

At 1 September 2013

101,819

Charge for year

19,224

At 31 August 2014

121,043

NET BOOK VALUE

At 31 August 2014

91,020

At 31 August 2013

88,908

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

150,360

Ordinary

£1

150,360

150,360