Abbreviated Company Accounts - STANBRA POWELL LTD

STANBRA POWELL LTD - Company Information

08580366 STANBRA POWELL LTD 2014-08-31 false 2013-06-21 2014-08-31 true 08580366 2013-06-21 2014-08-31 08580366 2014-08-31 08580366 uk-gaap-cd-bus:Director1 2013-06-21 2014-08-31 08580366 uk-gaap-cd-bus:Director2 2013-06-21 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-21 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 08580366

STANBRA POWELL LTD

Abbreviated Accounts

31 August 2014

STANBRA POWELL LTD Registered Number 08580366

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	720,000
Tangible assets	3	10,380
		730,380
Current assets
Cash at bank and in hand		79,418
		79,418
Creditors: amounts falling due within one year		(674,310)
Net current assets (liabilities)		(594,892)
Total assets less current liabilities		135,488
Total net assets (liabilities)		135,488
Capital and reserves
Called up share capital	4	1,000
Profit and loss account		134,488
Shareholders' funds		135,488

For the year ending 31 August 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 19 March 2015

And signed on their behalf by:
B J Powell, Director

STANBRA POWELL LTD Registered Number 08580366

Notes to the Abbreviated Accounts for the period ended 31 August 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 comprises revenue recognised by the company in respect of commissions received during the period, exclusive of VAT

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office equipment - 20% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and Loss account over its estimated economic life

2Intangible fixed assets

	£
Cost
Additions	800,000
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	800,000
Amortisation
Charge for the year	80,000
On disposals	-
At 31 August 2014	80,000
Net book values
At 31 August 2014	720,000

3Tangible fixed assets

	£
Cost
Additions	12,974
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	12,974
Depreciation
Charge for the year	2,594
On disposals	-
At 31 August 2014	2,594
Net book values
At 31 August 2014	10,380

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
1,000 Ordinary shares of £1 each	1,000

On incorporation, 1000 ordinary shares were issued and fully paid at nominal value of £1 each