Abbreviated Company Accounts - STEWART FINNIE LTD

Abbreviated Company Accounts - STEWART FINNIE LTD

STEWART FINNIE LTD - Company Information

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Registered Number 05869859

STEWART FINNIE LTD

Abbreviated Accounts

31 July 2014

STEWART FINNIE LTD Registered Number 05869859

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 247,322 124,174
247,322 124,174
Current assets
Debtors 128,979 95,561
Cash at bank and in hand 178,385 5,217
307,364 100,778
Creditors: amounts falling due within one year (224,974) (155,533)
Net current assets (liabilities) 82,390 (54,755)
Total assets less current liabilities 329,712 69,419
Creditors: amounts falling due after more than one year (124,386) (25,892)
Total net assets (liabilities) 205,326 43,527
Capital and reserves
Called up share capital 100 100
Profit and loss account 205,226 43,427
Shareholders' funds 205,326 43,527
  • For the year ending 31 July 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 15 January 2015

And signed on their behalf by:
Stewart Finnie, Director

STEWART FINNIE LTD Registered Number 05869859

Notes to the Abbreviated Accounts for the period ended 31 July 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 goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

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:
Plant & machinery - 25% straightline
Motor vehicles - 25% reducing balance
Office equipment - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 August 2013 393,237
Additions 240,669
Disposals (107,822)
Revaluations -
Transfers -
At 31 July 2014 526,084
Depreciation
At 1 August 2013 269,063
Charge for the year 83,406
On disposals (73,707)
At 31 July 2014 278,762
Net book values
At 31 July 2014 247,322
At 31 July 2013 124,174