Abbreviated Company Accounts - SPENCE & SAWYER PROPERTIES LIMITED

SPENCE & SAWYER PROPERTIES LIMITED - Company Information

03406217 SPENCE & SAWYER PROPERTIES LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 03406217 2013-11-01 2014-10-31 03406217 2014-10-31 03406217 2013-10-31 03406217 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 03406217 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director3 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director3 2014-10-31 uk-gaap-cd-bus:Director3 2013-10-31 uk-gaap-cd-bus:Director4 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director4 2014-10-31 uk-gaap-cd-bus:Director4 2013-10-31 iso4217:GBP shares

Registered Number 03406217

SPENCE & SAWYER PROPERTIES LIMITED

Abbreviated Accounts

31 October 2014

SPENCE & SAWYER PROPERTIES LIMITED Registered Number 03406217

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	75,674	100,899
Tangible assets	3	12,114	2,679
		87,788	103,578
Current assets
Stocks		1,031	724
Debtors		8,739	18,579
Cash at bank and in hand		95,446	100,973
		105,216	120,276
Creditors: amounts falling due within one year		(13,008)	(7,516)
Net current assets (liabilities)		92,208	112,760
Total assets less current liabilities		179,996	216,338
Creditors: amounts falling due after more than one year		(2,073)	-
Provisions for liabilities		(2,318)	(397)
Total net assets (liabilities)		175,605	215,941
Capital and reserves
Called up share capital		200,002	200,002
Profit and loss account		(24,397)	15,939
Shareholders' funds		175,605	215,941

For the year ending 31 October 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 27 July 2015

And signed on their behalf by:
Helen Lucy Sawyer, Director

SPENCE & SAWYER PROPERTIES LIMITED Registered Number 03406217

Notes to the Abbreviated Accounts for the period ended 31 October 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed asset, less their estimated residual value, over their expected useful lives on the following basis:
Motor vehicles - 25% reducing balance
Fixtures and fittings - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is stated at the cost less amortisation. Amortisation is calculated on a straight line basis over he estimated expected useful economic life of the goodwill of 5 years.

2Intangible fixed assets

	£
Cost
At 1 November 2013	126,124
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	126,124
Amortisation
At 1 November 2013	25,225
Charge for the year	25,225
On disposals	-
At 31 October 2014	50,450
Net book values
At 31 October 2014	75,674
At 31 October 2013	100,899

3Tangible fixed assets

	£
Cost
At 1 November 2013	12,613
Additions	13,472
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	26,085
Depreciation
At 1 November 2013	9,934
Charge for the year	4,037
On disposals	-
At 31 October 2014	13,971
Net book values
At 31 October 2014	12,114
At 31 October 2013	2,679

4Transactions with directors

Name of director receiving advance or credit:	Lucianne Sawyer
Description of the transaction:	Directors loan account
Balance at 1 November 2013:	£ 7,798
Advances or credits made:	£ 130
Advances or credits repaid:	£ 7,928
Balance at 31 October 2014:	£ 0

Name of director receiving advance or credit:	Helen Lucy Sawyer
Description of the transaction:	Directors loan account
Balance at 1 November 2013:	£ 7,460
Advances or credits made:	£ 684
Advances or credits repaid:	£ 2,450
Balance at 31 October 2014:	£ 5,694

At the balance sheet date Lucianne Sawyer (Company Director) was owed £2,072.