S.G. Shields (Benfleet) Limited - Limited company - abbreviated - 11.6

S.G. Shields (Benfleet) Limited - Limited company - abbreviated - 11.6

S.G. SHIELDS (BENFLEET) LIMITED - Company Information

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REGISTERED NUMBER: 01429916 (England and Wales)




Abbreviated Unaudited Accounts

for the Year Ended 31 July 2014

for

S.G. SHIELDS (BENFLEET) LIMITED

S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

S.G. SHIELDS (BENFLEET) LIMITED

Company Information
for the Year Ended 31 July 2014







DIRECTORS: C R Shields
Mrs P R Shields





SECRETARY: Mrs P R Shields





REGISTERED OFFICE: Victoria House
50 Alexandra Street
Southend-on-Sea
Essex
SS1 1BN





REGISTERED NUMBER: 01429916 (England and Wales)





ACCOUNTANTS: Barnard Mountstephens Childs Limited
Chartered Certified Accountants
Victoria House
50 Alexandra Street
Southend-on-Sea
Essex
SS1 1BN
Page 1
S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916)

Abbreviated Balance Sheet
31 July 2014

31/7/14 31/7/13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 111,818 126,759

CURRENT ASSETS
Stocks 59,831 49,444
Debtors 54,763 80,878
Cash at bank and in hand 123,113 183,750
237,707 314,072
CREDITORS
Amounts falling due within one year 59,774 175,092
NET CURRENT ASSETS 177,933 138,980
TOTAL ASSETS LESS CURRENT
LIABILITIES
289,751
265,739

CREDITORS
Amounts falling due after more than one
year
3
30,000
30,000
NET ASSETS 259,751 235,739

CAPITAL AND RESERVES
Called up share capital 4 2,100 2,100
Profit and loss account 257,651 233,639
SHAREHOLDERS' FUNDS 259,751 235,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 notes form part of these abbreviated accounts

Page 2 continued...
S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916)

Abbreviated Balance Sheet - continued
31 July 2014


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 14 April 2015 and were signed on its behalf by:





C R Shields - Director


The notes form part of these abbreviated accounts

Page 3
S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2014

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 the invoiced amount of goods sold and services provided (stated Net of Value Added Tax).

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

Freehold property - 2% on cost
Leasehold property - 5% on cost
Improvements to property - 4% on cost
Plant & equipment - 10% on cost
Motor vehicles - 25% 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 and other post-retirement benefits
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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2013 296,622
Additions 538
At 31 July 2014 297,160
DEPRECIATION
At 1 August 2013 169,863
Charge for year 15,479
At 31 July 2014 185,342
NET BOOK VALUE
At 31 July 2014 111,818
At 31 July 2013 126,759

Page 4 continued...
S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2014

3. CREDITORS

Creditors include the following debts falling due in more than five years:

31/7/14 31/7/13
£    £   
Repayable otherwise than by instalments 30,000 30,000

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/14 31/7/13
value: £    £   
2,100 Ordinary Shares £1 2,100 2,100

Page 5