Accounts filed on 31-08-2014

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			Company registration number:01180826
			STANAIR INDUSTRIAL DOOR SERVICES LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 August 2014

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STANAIR INDUSTRIAL DOOR SERVICES LIMITED
BALANCE SHEET
AS AT 31 August 2014
			2014				2013
		Notes	£		£		£		£
FIXED ASSETS
Investments					7,500				7,500
Tangible assets		2			1,087,212				1,035,404
					1,094,712				1,042,904
CURRENT ASSETS
Stocks			145,149				148,372
Debtors			1,026,126				892,358
Cash at bank and in hand			602,129				450,756
			1,773,404				1,491,486
CREDITORS
Amounts falling due within one year			(1,171,282)				(999,578)
NET CURRENT ASSETS					602,122				491,908
TOTAL ASSETS LESS
CURRENT LIABILITIES					1,696,834				1,534,812
Creditors falling due after one year					(79,553)				(88,089)
PROVISIONS FOR LIABILITIES					(44,722)				(33,803)
NET ASSETS					1,572,559				1,412,920
CAPITAL AND RESERVES
Called-up equity share capital		4			3,250				3,250
Profit and loss account					1,569,309				1,409,670
SHAREHOLDERS FUNDS					1,572,559				1,412,920
For the year ending 31 August 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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 26 February 2015 and signed on its behalf.
..........................................................................
L M Voss
26 February 2015
The annexed notes form part of these financial statements.

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STANAIR INDUSTRIAL DOOR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

1.

Accounting policies

Basis of preparing the financial statements

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

Turnover represents income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts.

Investments

Investments which have been classified as fixed assets are included at cost, less any reductions in the value of those investments which are considered to be permanent.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed assets

Depreciation is charged on each full quarter period of ownership. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Plant and machinery 20% per annum on reducing balance

Fixtures and fittings 20% per annum on reducing balance Computer equipment 33.3% per annum on cost

Motor vehicles 25% per annum on cost

Freehold buildings 1% per annum on cost Long leasehold buildings 1% per annum on cost Short leasehold improvements evenly over the period of the lease

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost and net realisable value. In respect of work in progress and finished good cost includes a relevant proportion of overheads according to the stage of manufacture.

Leasing

Leasing rentals payable on agreements which transfer substantially all the risk and rewards associated with ownership of the lessee ("finance leases") are capitalised within fixed assets, and the obligation to pay future rentals included in creditors as a liability. The interest charges implicit in such a lease are written off to the profit and loss account in proportion to the balance outstanding during the year. All other leasing rentals ("operating leases") are written off to the profit and loss account over the life of the lease.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Pension scheme

The company operates a defined contribution pension scheme and pension contributions are charged to profit and loss account to spread the cost of the pensions over the employees' working lives.

Group accounts

Consolidated accounts have not been prepared by virtue of the group, as headed by the company, qualifying as a small group in accordance with Sections 382 and 383 of the Companies Act 2006.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			1,681,119
	Additions			158,045
	Disposals			(73,150)
	At end of period			1,766,014
	Depreciation
	At start of period			645,715
	Provided during the period			106,231
	On disposals			(73,143)
	At end of period			678,803
	Net Book Value
	At start of period			1,035,404
	At end of period			1,087,212

3.

Creditors

Of the creditors due within one year £ 28,679 (2013 £33,186) is secured.

Of the creditors due after more than one year £ 31,764 (2013 £60,190) is secured.

4.	Share capital				Allotted, issued and fully paid
					2014	2013
					£	£
	Ordinary shares of £1 each				3,250	3,250
	Total issued share capital				3,250	3,250
5.	Ultimate controlling party
	The company is under the control of J Standoloft.