Stanburys Limited - Limited company - abbreviated - 11.6

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Stanburys Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R P Stanbury

Mrs A Gentle

SECRETARY:

Mrs A Gentle

REGISTERED OFFICE:

IPEC House

Church Street

Baldock

Hertfordshire

SG7 5AF

REGISTERED NUMBER:

02238809 (England and Wales)

ACCOUNTANTS:

Chancellers LLP

38/39 Bucklersbury

Hitchin

Hertfordshire

SG5 1BG

FIXED ASSETS

203,333

Intangible assets

2

225,103

109,620

Tangible assets

3

119,398

312,953

344,501

CURRENT ASSETS

126,000

Debtors

177,651

147

Cash at bank and in hand

358

126,147

178,009

CREDITORS

128,675

Amounts falling due within one year

4

157,968

(2,528

)

NET CURRENT ASSETS/(LIABILITIES)

20,041

310,425

TOTAL ASSETS LESS CURRENT LIABILITIES

364,542

CREDITORS

(150,211

)

Amounts falling due after more than one year

(121,554

)

(5,381

)

PROVISIONS FOR LIABILITIES

(4,655

)

154,833

NET ASSETS

238,333

CAPITAL AND RESERVES

105

Called up share capital

5

105

154,728

Profit and loss account

238,228

154,833

SHAREHOLDERS' FUNDS

238,333

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 25 June 2015 and were signed on its behalf by:

R P Stanbury - 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 the value of goods and services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twelve years.

Computer software development

Computer software development has been capitalised at cost. It is being amortised evenly over its estimated useful life of

six years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit

and loss account.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

520,000

Additions

82,124

At 31 December 2014

602,124

AMORTISATION

At 1 January 2014

316,667

Amortisation for year

60,354

At 31 December 2014

377,021

NET BOOK VALUE

At 31 December 2014

225,103

At 31 December 2013

203,333

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

699,082

Additions

22,825

Disposals

(15,567

)

At 31 December 2014

706,340

DEPRECIATION

At 1 January 2014

589,462

Charge for year

34,931

Eliminated on disposal

(14,780

)

Charge written back

(22,671

)

At 31 December 2014

586,942

NET BOOK VALUE

At 31 December 2014

119,398

At 31 December 2013

109,620

4.

CREDITORS

Creditors include an amount of £ 59,946 (31.12.13 - £ 34,738 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

1,050

Ordinary

£0.10

105

105