Southern Conservatories Ltd - Period Ending 2014-12-31

Registration number: 02246937

Southern Conservatories Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Southern Conservatories Ltd
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Southern Conservatories Ltd
(Registration number: 02246937)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					33,922			38,081
Current assets
Stocks					2,500			15,988
Debtors					456,365			34,228
Cash at bank and in hand					129,426			493,712
					588,291			543,928
Creditors: Amounts falling due within one year					(115,710)			(178,639)
Net current assets					472,581			365,289
Total assets less current liabilities					506,503			403,370
Provisions for liabilities					(4,870)			(5,500)
Net assets					501,633			397,870
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					501,631			397,868
Shareholders' funds					501,633			397,870

Page 1

Southern Conservatories Ltd
(Registration number: 02246937)
Abbreviated Balance Sheet at 31 December 2014

For the year ending 31 December 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 28 April 2015 and signed on its behalf by:

A P A Johnson Director

M J Johnson Director

Page 2

Southern Conservatories Ltd
Notes to the Abbreviated Accounts
For the Year Ended 31 December 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2% straight line
Plant and machinery	25% & 15% reducing balance
Motor vehicles	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Southern Conservatories Ltd
Notes to the Abbreviated Accounts
For the Year Ended 31 December 2014

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		132,895			132,895
Additions		5,642			5,642
Disposals		(11,241)			(11,241)
At 31 December 2014		127,296			127,296
Depreciation
At 1 January 2014		94,814			94,814
Charge for the year		7,309			7,309
Eliminated on disposals		(8,749)			(8,749)
At 31 December 2014		93,374			93,374
Net book value
At 31 December 2014		33,922			33,922
At 31 December 2013		38,081			38,081

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4	Related party transactions

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
W F Hughes
Directors loan account	6,507	6,507	-	-

Page 4