Ironmongery Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03525682 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

IRONMONGERY SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K J Banton

SECRETARY:

Miss F E Banton

REGISTERED OFFICE:

6 - 6a Horninglow Street

Burton upon Trent

Staffordshire

DE14 1NG

REGISTERED NUMBER:

03525682 (England and Wales)

ACCOUNTANTS:

Willis & Co

Barclay House

35 Borough Road

Burton upon Trent

Staffordshire

DE14 2DA

BANKERS:

Natwest Bank

159 High Street

Burton upon Trent

Staffordshire

DE14 1JG

FIXED ASSETS

Tangible assets

2

2,045

3,161

CURRENT ASSETS

Stocks

208,414

189,356

Debtors

1,486,654

1,286,746

1,695,068

1,476,102

CREDITORS

Amounts falling due within one year

1,305,539

1,199,412

NET CURRENT ASSETS

389,529

276,690

TOTAL ASSETS LESS CURRENT LIABILITIES

391,574

279,851

CREDITORS

Amounts falling due after more than one year

(112,826

)

-

PROVISIONS FOR LIABILITIES

(45

)

(188

)

NET ASSETS

278,703

279,663

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

277,703

278,663

SHAREHOLDERS' FUNDS

278,703

279,663

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 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.

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 director on 27 April 2015 and were signed by:

K J Banton - Director

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 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.

Plant and machinery

-

20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

20,138

DEPRECIATION

At 1 January 2014

16,978

Charge for year

1,115

At 31 December 2014

18,093

NET BOOK VALUE

At 31 December 2014

2,045

At 31 December 2013

3,160

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	ULTIMATE PARENT COMPANY