Accounts filed on 31-08-2014

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			Company registration number:05550863
			ASHDOWN STABLES AND SHEDS LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 August 2014

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ASHDOWN STABLES AND SHEDS LIMITED
BALANCE SHEET
AS AT 31 August 2014
			2014				2013
		Notes	£		£		£		£
FIXED ASSETS
Intangible assets		2			2,000				4,000
Tangible assets		3			2,847				11,806
					4,847				15,806
CURRENT ASSETS
Stocks			62,000				52,000
Debtors			82,297				51,010
			144,297				103,010
CREDITORS
Amounts falling due within one year			(248,261)				(248,323)
NET CURRENT ASSETS					(103,964)				(145,313)
TOTAL ASSETS LESS
CURRENT LIABILITIES					(99,117)				(129,507)
NET ASSETS					(99,117)				(129,507)
CAPITAL AND RESERVES
Called-up equity share capital		4			2				2
Profit and loss account					(99,119)				(129,509)
SHAREHOLDERS FUNDS					(99,117)				(129,507)
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 24 April 2015 and signed on its behalf.
..........................................................................
Howard Richard Gibbon
24 April 2015
The annexed notes form part of these financial statements.

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ASHDOWN STABLES AND SHEDS 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.

Statement of cashflow

The company has taken advantage of the exemption provided by Financial Reporting Standard 1 and has not prepared a cash flow statement for the period.

Turnover

Turnover represents the net invoiced sales of timber manufacturing and associated works.

Intangible assets

Goodwill is amortised on a straight line basis over 10 years.

Fixed assets

Depreciation is calculated using the straight line method on the gross values of fixed assets without any deduction for government grants. The following rates are used:

Plant20%

Vehicles25%

Stocks and work In progress

Stock and Work in Progress are valued at the lower of cost and net realiseable value.

Deferred taxation

Deferred Taxation is provided using the liability method in respect of the taxation effect of all timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable future.

2.	Intangible fixed assets
				Total
	Cost
	At start of period			20,000
	At end of period			20,000
	Amortisation
	At start of period			16,000
	Provided during the period			2,000
	At end of period			18,000
	Net Book Values
	At start of period			4,000
	At end of period			2,000

3.	Tangible fixed assets
				Total
	Cost
	At start of period			87,679
	At end of period			87,679
	Depreciation
	At start of period			75,873
	Provided during the period			8,959
	At end of period			84,832
	Net Book Value
	At start of period			11,806
	At end of period			2,847

4.	Share capital				Allotted, issued and fully paid
					2014	2013
					£	£
	Issued and Fully Paid				2	2
	Total issued share capital				2	2
5.	Transactions with directors
	The company operates a loan account with its directors, which is interest free, with no determined repayment date. The balance outstanding at the 31 August 2014 was £111,774 (2013: £115,815).