Abbreviated Company Accounts - SHIELDTILE LIMITED

Abbreviated Company Accounts - SHIELDTILE LIMITED

SHIELDTILE LIMITED - Company Information

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Registered Number SC341542

SHIELDTILE LIMITED

Abbreviated Accounts

30 April 2014

SHIELDTILE LIMITED Registered Number SC341542

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 77,845 86,159
77,845 86,159
Current assets
Stocks 65,000 50,000
Debtors 4,171 4,467
Cash at bank and in hand 21,223 14,007
90,394 68,474
Creditors: amounts falling due within one year (133,788) (169,389)
Net current assets (liabilities) (43,394) (100,915)
Total assets less current liabilities 34,451 (14,756)
Total net assets (liabilities) 34,451 (14,756)
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,351 (14,856)
Shareholders' funds 34,451 (14,756)
  • For the year ending 30 April 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 30 April 2015

And signed on their behalf by:
S Maqbool, Director

SHIELDTILE LIMITED Registered Number SC341542

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts derived from the retail of goods, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided so as to write off the useful economic life of fixed assets as follows:

Leasehold property 10 years
Plant & equipment 10% - straight line basis
Motor vehicles 25% - reducing balance basis

2Tangible fixed assets
£
Cost
At 1 May 2013 150,350
Additions 10,615
Disposals -
Revaluations -
Transfers -
At 30 April 2014 160,965
Depreciation
At 1 May 2013 64,191
Charge for the year 18,929
On disposals -
At 30 April 2014 83,120
Net book values
At 30 April 2014 77,845
At 30 April 2013 86,159