Stansfield Specialist Dismantling Co Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06045867 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2015

for

Stansfield Specialist Dismantling Co.

Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

W D Crooks

REGISTERED OFFICE:

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

REGISTERED NUMBER:

06045867 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

2

456,080

397,877

CURRENT ASSETS

Stocks

28,000

-

Debtors

370,763

294,804

Cash at bank

34,801

83,452

433,564

378,256

CREDITORS

Amounts falling due within one year

(345,178

)

(292,534

)

NET CURRENT ASSETS

88,386

85,722

TOTAL ASSETS LESS CURRENT LIABILITIES

544,466

483,599

CREDITORS

Amounts falling due after more than one year

(178,200

)

(176,845

)

NET ASSETS

366,266

306,754

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

366,166

306,654

SHAREHOLDERS' FUNDS

366,266

306,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 26 March 2015 and were signed by:

W D Crooks - 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 net invoiced sales of goods, excluding 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

600,248

Additions

172,632

At 31 January 2015

772,880

DEPRECIATION

At 1 February 2014

202,371

Charge for year

114,429

At 31 January 2015

316,800

NET BOOK VALUE

At 31 January 2015

456,080

At 31 January 2014

397,877

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

Cawarden Co. Limited

Associated company

Sales to Cawarden Co. Limited £215,101 (2014 £169,387)

Purchases from Cawarden Co. Limited £nil (2014 £25,991)

2015

2014

£

£

Amount due from related party at the balance sheet date

265,229

178,486

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Stansfield Specialist Dismantling Co. Ltd for the year ended 31 January 2015 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Stansfield Specialist Dismantling Co. Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stansfield Specialist Dismantling Co. Ltd and state those matters that we have agreed to state to the director of Stansfield Specialist Dismantling Co. Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Stansfield Specialist Dismantling Co. Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stansfield Specialist Dismantling Co. Ltd. You consider that Stansfield Specialist Dismantling Co. Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stansfield Specialist

Dismantling Co. Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

26 March 2015