Stoke-on-Trent Timber Company Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04487352

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

STOKE-ON-TRENT TIMBER COMPANY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R N Hancock

Mrs K L Hancock

W Campbell

SECRETARY:

Mrs K L Hancock

REGISTERED OFFICE:

Rafferty Business Park

Sneyd Hill

Stoke-on-Trent

Staffordshire

ST6 2EB

REGISTERED NUMBER:

04487352

ACCOUNTANTS:

The Davison Partnership

Reliance House

Moorland Road

Burslem

Stoke on Trent

Staffordshire

ST6 1DP

FIXED ASSETS

Tangible assets

2

33,493

34,783

CURRENT ASSETS

Stocks

75,600

84,000

Debtors

100,290

115,962

Cash at bank

23,299

20,002

199,189

219,964

CREDITORS

Amounts falling due within one year

3

152,097

212,987

NET CURRENT ASSETS

47,092

6,977

TOTAL ASSETS LESS CURRENT LIABILITIES

80,585

41,760

PROVISIONS FOR LIABILITIES

5,162

4,970

NET ASSETS

75,423

36,790

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

15,718

15,718

Profit and loss account

59,703

21,070

SHAREHOLDERS' FUNDS

75,423

36,790

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 30 April 2015 and were signed on its behalf by:

R N Hancock - Director

Mrs K L Hancock - Director

W Campbell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Two thirds of the cost of land and buildings had been depreciated over the two years ended 31st December,

2007. The remaining cost is depreciated on a straight line basis over ten years.

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.

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 on a straight line basis over the

period of the lease.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2014

92,942

Additions

9,056

At 31 December 2014

101,998

DEPRECIATION

At 1 January 2014

58,159

Charge for year

10,346

At 31 December 2014

68,505

NET BOOK VALUE

At 31 December 2014

33,493

At 31 December 2013

34,783

Two thirds of the cost of land and buildings had been depreciated over the two years ended 31st December,

2007. The remaining cost is depreciated on a straight line basis over ten years.

3.

CREDITORS

Creditors include an amount of £ 0 (31.12.13 - £ 68,206 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

20,000

Ordinary £0.0001p

1/100

2

2