Stopped Clock Limited - Limited company - abbreviated - 11.6

Stopped Clock Limited - Limited company - abbreviated - 11.6

STOPPED CLOCK LTD - Company Information

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REGISTERED NUMBER: 06524334 (England and Wales)











Abbreviated Accounts

for the Year Ended 30 September 2014

for

Stopped Clock Limited

Stopped Clock Limited (Registered number: 06524334)

Contents of the Abbreviated Accounts
for the year ended 30 September 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Stopped Clock Limited

Company Information
for the year ended 30 September 2014







DIRECTOR: C St John





REGISTERED OFFICE: Black Lion
14 Black Lion St
Brighton
BN1 1 ND





REGISTERED NUMBER: 06524334 (England and Wales)





ACCOUNTANTS: Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
Page 1
Stopped Clock Limited (Registered number: 06524334)

Abbreviated Balance Sheet
30 September 2014

30.9.14 30.9.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,478 1,473

CURRENT ASSETS
Debtors 58,863 7,817
Cash at bank and in hand 55,166 54,532
114,029 62,349
CREDITORS
Amounts falling due within one year 69,895 21,089
NET CURRENT ASSETS 44,134 41,260
TOTAL ASSETS LESS CURRENT
LIABILITIES
46,612
42,733

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 46,611 42,732
SHAREHOLDERS' FUNDS 46,612 42,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 June 2015 and were signed by:





C St John - Director


The notes form part of these abbreviated accounts

Page 2
Stopped Clock Limited (Registered number: 06524334)

Notes to the Abbreviated Accounts
for the year ended 30 September 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 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Taxation
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of
income and expenditure in taxation computations in periods different from those in which they are included in the
financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will be
recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences can
be deducted.

Hire purchase and leasing commitments
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.

Page 3 continued...
Stopped Clock Limited (Registered number: 06524334)

Notes to the Abbreviated Accounts - continued
for the year ended 30 September 2014


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 3,985
Additions 1,940
At 30 September 2014 5,925
DEPRECIATION
At 1 October 2013 2,512
Charge for year 935
At 30 September 2014 3,447
NET BOOK VALUE
At 30 September 2014 2,478
At 30 September 2013 1,473

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.14 30.9.13
value: £    £   
1 Ordinary £1 1 1

Page 4