BANBURY_NAMEPLATES_LIMITE - Accounts

BANBURY NAMEPLATES LIMITED - Company Information

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APPROVAL

Company Registration No. 01304472 (England and Wales)

BANBURY NAMEPLATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

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BANBURY NAMEPLATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

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BANBURY NAMEPLATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

40,489

46,608

Current assets

Stocks

25,703

24,333

Debtors

59,991

52,813

Cash at bank and in hand

190,855

148,494

276,549

225,640

Creditors: amounts falling due within one year

(49,837)

(44,879)

Net current assets

226,712

180,761

Total assets less current liabilities

267,201

227,369

Capital and reserves

Called up share capital

Profit and loss account

267,111

227,279

Shareholders' funds

267,201

227,369

For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 April 2015

Mr J W Lucas

Mr J T Lucas

Director

Company Registration No. 01304472

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BANBURY NAMEPLATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts, together with an adjustment for accrued income. For goods, turnover is recognised when the goods are physically delivered to the customer. For services, turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of consideration due.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold land and buildings

2% straight line

Plant and equipment

10% or 20% straight line

1.4

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

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BANBURY NAMEPLATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 December 2013

333,963

Disposals

(34,336)

At 30 November 2014

299,627

Depreciation

At 1 December 2013

287,355

On disposals

(34,336)

Charge for the year

6,119

At 30 November 2014

259,138

Net book value

At 30 November 2014

40,489

At 30 November 2013

46,608

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2013 - £3,033).

Share capital

2014

2013

Allotted, called up and fully paid

90 Ordinary shares of £1 each

Related party relationships and transactions

Other transactions

Included in other creditors are loans from the directors to the company. At 30 November 2014 the company owed J.T. Lucas £144 (2013: £144), and J.W. Lucas £919 (2013: £919).