Straight Up Timber Frame Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06390093 (England and Wales)

Abbreviated Accounts for the Year Ended 31 October 2014

for

Straight Up Timber Frame Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Hodgson

G P Armstrong

SECRETARY:

Mrs E Hodgson

REGISTERED OFFICE:

14 Ribblesdale House

Ribblesdale Place

Preston

Lancashire

PR1 3NA

REGISTERED NUMBER:

06390093 (England and Wales)

ACCOUNTANTS:

C.A. Evans & Company

Springroyd

Clapham Road

Austwick

Lancaster

LA2 8BE

FIXED ASSETS

Tangible assets

2

647

991

CURRENT ASSETS

Stocks

4,000

3,456

Debtors

27,761

13,184

Cash at bank

13,550

6,442

45,311

23,082

CREDITORS

Amounts falling due within one year

27,211

12,535

NET CURRENT ASSETS

18,100

10,547

TOTAL ASSETS LESS CURRENT LIABILITIES

18,747

11,538

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

18,647

11,438

SHAREHOLDERS' FUNDS

18,747

11,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 1 June 2015 and were signed on its behalf by:

G P Armstrong - Director

A Hodgson - 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 etc

-

33% on cost and 25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

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

At 1 November 2013

and 31 October 2014

16,871

DEPRECIATION

At 1 November 2013

15,880

Charge for year

344

At 31 October 2014

16,224

NET BOOK VALUE

At 31 October 2014

647

At 31 October 2013

991

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

100

Ordinary

1

100

100