Saunders Shepherd & Co. Limited - Limited company - abbreviated

REGISTERED NUMBER: 00144161 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Saunders Shepherd & Co. Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S A Shepherd

Mrs C E H Shepherd

J A Coupland

W J Coupland

M Fowler

SECRETARY:

M Isaacs

REGISTERED OFFICE:

Albion Street Works

62-64 Albion Street

Birmingham

West Midlands

B1 3EA

REGISTERED NUMBER:

00144161 (England and Wales)

ACCOUNTANTS:

Jerroms Trafalgars

Certified Accountants

Trafalgar House

261 Alcester Road South

Kings Heath

Birmingham

West Midlands

B14 6DT

FIXED ASSETS

Tangible assets

2

17,614

21,310

Investments

3

14,608

32,222

35,918

CURRENT ASSETS

Stocks

26,351

29,675

Debtors

217,783

187,888

Cash at bank

251,188

41,339

495,322

258,902

CREDITORS

Amounts falling due within one year

89,483

93,697

NET CURRENT ASSETS

405,839

165,205

TOTAL ASSETS LESS CURRENT
LIABILITIES

438,061

201,123

CREDITORS

Amounts falling due after more than one year

100,000

-

NET ASSETS

338,061

201,123

CAPITAL AND RESERVES

Called up share capital

4

100,000

261,290

Profit and loss account

238,061

(60,167

)

SHAREHOLDERS' FUNDS

338,061

201,123

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 28 April 2015 and were signed on its behalf by:

S A Shepherd - Director

J A Coupland - 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).

Preparation of consolidated financial statements

The financial statements contain information about Saunders Shepherd & Co. Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of

the Companies Act 2006 not to prepare consolidated financial statements.

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Deferred tax assets shall be recognised only to the extent that it is more likely than not that they will be recovered against

future taxable profits.

Investment

This is included at cost subject to Impairment reviews by the Directors.

Commission received

This is included in other income when the company earns the right to receive commission based on the sales recorded by the

supplier. Commission receivable is included in Debtors at the period end.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

67,581

DEPRECIATION

At 1 January 2014

46,271

Charge for year

3,696

At 31 December 2014

49,967

NET BOOK VALUE

At 31 December 2014

17,614

At 31 December 2013

21,310

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

14,608

NET BOOK VALUE

At 31 December 2014

14,608

At 31 December 2013

14,608

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bergerie Limited

Nature of business: Wholesalers and agents

%

Class of shares:

holding

Ordinary Shares

100.00

31.12.14

31.12.13

£

Aggregate capital and reserves

15,362

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

91,290

Ordinary

£1

100,000

91,290

170,000

Redeemable Preference

£1

-

170,000

100,000

261,290

8,710 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

The redeemable preference shares are part of the equity as their redemption can take place solely at the option of the

company.

The company has redeemed £100,000 of the £170,000 preference shares in exchange for a loan on terms to be agreed

between the parties. The remaining £70,000 preference shares have been reduced by special Resolution to £8,710 and then

converted to Ordinary shares of £1 each.

Saunders Shepherd & Co. Limited - Limited company - abbreviated - 11.6

Saunders Shepherd & Co. Limited - Limited company - abbreviated - 11.6