Simon Read Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08227632 (England and Wales)

Abbreviated Accounts for the Year Ended 30 June 2014

for

Simon Read Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S P Read

REGISTERED OFFICE:

45 Powderham Avenue

Worcester

WR4 0DN

REGISTERED NUMBER:

08227632 (England and Wales)

ACCOUNTANTS:

Matthew Squire (AFA) & Company

32 The Tything

Worcester

Worcestershire

WR1 1JL

FIXED ASSETS

Tangible assets

2

5,401

6,920

CURRENT ASSETS

Debtors

1,081

3,310

Cash at bank and in hand

12,630

15,088

13,711

18,398

CREDITORS

Amounts falling due within one year

4,432

10,656

NET CURRENT ASSETS

9,279

7,742

TOTAL ASSETS LESS CURRENT LIABILITIES

14,680

14,662

PROVISIONS FOR LIABILITIES

1,080

-

NET ASSETS

13,600

14,662

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

13,500

14,562

SHAREHOLDERS' FUNDS

13,600

14,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 March 2015 and were signed by:

Mr S P Read - 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 gross invoiced sales of services. The company is exempt from VAT on a low turnover basis.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date

where transactions or events have occurred at that date will result in an obligation to pay more, or a right to pay less or to

receive more, tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will

be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

7,929

Additions

319

At 30 June 2014

8,248

DEPRECIATION

At 1 July 2013

1,009

Charge for year

1,838

At 30 June 2014

2,847

NET BOOK VALUE

At 30 June 2014

5,401

At 30 June 2013

6,920

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,600 (2013 - £1,931) were paid to the director .

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S P Read.