Abbreviated Company Accounts - S & G FASTENERS LIMITED

S & G FASTENERS LIMITED - Company Information

05578281 S & G FASTENERS LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 05578281 2013-11-01 2014-10-31 05578281 2014-10-31 05578281 2013-10-31 05578281 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 05578281 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:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 05578281

S & G FASTENERS LIMITED

Abbreviated Accounts

31 October 2014

S & G FASTENERS LIMITED Registered Number 05578281

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,765	183
		2,765	183
Current assets
Stocks		7,250	-
Debtors		35,339	42,148
Cash at bank and in hand		11,060	18,695
		53,649	60,843
Net current assets (liabilities)		53,649	60,843
Total assets less current liabilities		56,414	61,026
Creditors: amounts falling due after more than one year		(56,310)	(60,749)
Total net assets (liabilities)		104	277
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		4	177
Shareholders' funds		104	277

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 24 July 2015

And signed on their behalf by:
Geoffrey Axford, Director
David Axford, Director

S & G FASTENERS LIMITED Registered Number 05578281

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 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% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 November 2013	367
Additions	2,917
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	3,284
Depreciation
At 1 November 2013	184
Charge for the year	335
On disposals	-
At 31 October 2014	519
Net book values
At 31 October 2014	2,765
At 31 October 2013	183

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Geoffrey Axford
Description of the transaction:	Repayments
Balance at 1 November 2013:	£ 2,884
Advances or credits made:	-
Advances or credits repaid:	£ 2,884
Balance at 31 October 2014:	£ 0