Stuart Goldsmith Construction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03682587 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Stuart Goldsmith Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Goldsmith

REGISTERED OFFICE:

Highclere House

Eastbourne

Uckfield

East Sussex

TN22 5ST

REGISTERED NUMBER:

03682587 (England and Wales)

ACCOUNTANTS:

Sellens French

Chartered Accountants

93 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

2

17,800

19,060

CURRENT ASSETS

Stocks

984,184

593,022

Debtors

33,568

11,862

Cash at bank

1

103

1,017,753

604,987

CREDITORS

Amounts falling due within one year

1,031,449

623,896

NET CURRENT LIABILITIES

(13,696

)

(18,909

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,104

151

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

4,102

149

SHAREHOLDERS' FUNDS

4,104

151

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 8 July 2015 and were signed by:

S Goldsmith - 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

126,421

Additions

7,907

Disposals

(47,651

)

At 31 December 2014

86,677

DEPRECIATION

At 1 January 2014

107,361

Charge for year

5,934

Eliminated on disposal

(44,418

)

At 31 December 2014

68,877

NET BOOK VALUE

At 31 December 2014

17,800

At 31 December 2013

19,060

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

£1

2

2