Abbreviated Company Accounts - SEATABLE (UK) LIMITED

SEATABLE (UK) LIMITED - Company Information

Registered Number 05475310

SEATABLE (UK) LIMITED

Abbreviated Accounts

31 December 2014

SEATABLE (UK) LIMITED Registered Number 05475310

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	53,356	46,371
		53,356	46,371
Current assets
Stocks		188,933	229,485
Debtors		183,109	118,519
Cash at bank and in hand		63,482	101,225
		435,524	449,229
Creditors: amounts falling due within one year		(190,774)	(181,562)
Net current assets (liabilities)		244,750	267,667
Total assets less current liabilities		298,106	314,038
Creditors: amounts falling due after more than one year		(184,400)	(194,307)
Provisions for liabilities		(3,290)	(13,660)
Total net assets (liabilities)		110,416	106,071
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		13,527	-
Profit and loss account		95,889	105,071
Shareholders' funds		110,416	106,071

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 February 2015

And signed on their behalf by:
JJAH Wright, Director

SEATABLE (UK) LIMITED Registered Number 05475310

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities

Valuation information and policy
With regard to the class of assets known as motor vehicles. The company has revalued these assets based on current market values at 31 December 2014. Because of this the company has not charged depreciation on this class of asset and intends to change the depreciation policy to reducing balance basis from this point onwards. This is in line with FRS15 and reflects a change in accounting policy.

2Tangible fixed assets

	£
Cost
At 1 January 2014	184,975
Additions	-
Disposals	-
Revaluations	(65,470)
Transfers	-
At 31 December 2014	119,505
Depreciation
At 1 January 2014	138,604
Charge for the year	6,542
On disposals	(78,997)
At 31 December 2014	66,149
Net book values
At 31 December 2014	53,356
At 31 December 2013	46,371