Abbreviated Company Accounts - SHEAR DESIGN LIMITED

SHEAR DESIGN LIMITED - Company Information

05262666 SHEAR DESIGN LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 05262666 2014-01-01 2014-12-31 05262666 2014-12-31 05262666 2013-12-31 05262666 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05262666 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 iso4217:GBP shares

Registered Number 05262666

SHEAR DESIGN LIMITED

Abbreviated Accounts

31 December 2014

SHEAR DESIGN LIMITED Registered Number 05262666

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	31,130	21,126
Investments		-	-
		31,130	21,126
Current assets
Stocks		-	-
Debtors		347,241	243,988
Investments		-	-
Cash at bank and in hand		635,289	398,518
		982,530	642,506
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(319,368)	(168,948)
Net current assets (liabilities)		663,162	473,558
Total assets less current liabilities		694,292	494,684
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Total net assets (liabilities)		694,292	494,684
Capital and reserves
Called up share capital	3	203	3
Profit and loss account		694,089	494,681
Shareholders' funds		694,292	494,684

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 April 2015

And signed on their behalf by:
Anthony John Spencer, Director
Kimberley Anne Lane, Director

SHEAR DESIGN LIMITED Registered Number 05262666

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% reducing balance
Office Equipment - 33.33% reducing balance

Other accounting policies
Leasing : rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 January 2014	120,648
Additions	20,174
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2014	140,822
Depreciation
At 1 January 2014	99,522
Charge for the year	10,170
On disposals	0
At 31 December 2014	109,692
Net book values
At 31 December 2014	31,130
At 31 December 2013	21,126

Tangible fixed assets and depreciation:
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% reducing balance
Office Equipment - 33.33% reducing balance

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
3 A Ordinary shares of £1 each	3	3
200 B Ordinary shares of £1 each (0 shares for 2013)	200	0

On 19 December 2014, the company issued 200 Ordinary B Shares of £1 each for an aggregate nominal value of £200.