South Yorkshire Ducting Supplies Limited - Limited company - abbreviated - 11.6
South Yorkshire Ducting Supplies Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31 December 2014 |
| for |
| SOUTH YORKSHIRE DUCTING SUPPLIES LIMITED |
| SOUTH YORKSHIRE DUCTING SUPPLIES LIMITED (REGISTERED NUMBER: 02671387) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| SOUTH YORKSHIRE DUCTING SUPPLIES LIMITED |
| Company Information |
| for the Year Ended 31 December 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| SOUTH YORKSHIRE DUCTING SUPPLIES LIMITED (REGISTERED NUMBER: 02671387) |
| Abbreviated Balance Sheet |
| 31 December 2014 |
| 31.12.14 | 31.12.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| SOUTH YORKSHIRE DUCTING SUPPLIES LIMITED (REGISTERED NUMBER: 02671387) |
| Abbreviated Balance Sheet - continued |
| 31 December 2014 |
| The financial statements were approved by the director on |
| SOUTH YORKSHIRE DUCTING SUPPLIES LIMITED (REGISTERED NUMBER: 02671387) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 2014 |
| 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). |
| Turnover |
| Turnover comprises the invoiced value of the supply of coiled ductwork and ancillary products, |
| excluding valued added tax. Turnover is recognised on delivery to the customer. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks, which comprise coiled ductwork, steel coil, and ancillary products, are valued at cost. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Foreign currencies |
| 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 of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held |
| under finance leases are depreciated over their estimated useful lives or the lease term, whichever is |
| the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant |
| period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account as incurred. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the profit and loss account in the period to which they |
| relate. |
| SOUTH YORKSHIRE DUCTING SUPPLIES LIMITED (REGISTERED NUMBER: 02671387) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2014 |
| DEPRECIATION |
| At 1 January 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
| value: | £ | £ |
| Ordinary | 10p |
| A Ordinary | 10p |
| 2 | 2 |
| 5. | CONTROL RELATIONSHIPS |
| The company is under the overall control of the director, Mr J Reynolds. |
| 6. | DIRECTOR'S CURRENT ACCOUNT |
| During the year, the director's current account of J Reynolds became overdrawn. The director's |
| current account first became overdrawn on 24 July 2014, by virtue of a company loan of £11,900, |
| which was then followed by a loan of £54,850 on 26 August 2014. The maximum loans outstanding |
| were £66,750, of which £23,000 was repaid to the company on 27 November 2014. The loan amounts |
| outstanding at the year end were £43,750, which were repaid on 5 April 2015, via a dividend |
| declaration. No interest has been charged by the company on these loans. |