South East Fixing Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02914201 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 29 March 2015

for

South East Fixing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D J Hilder

Miss S R Hilder

Mr T P Hilder

REGISTERED OFFICE:

427 The Ridge

Hastings

East Sussex

TN34 2RT

REGISTERED NUMBER:

02914201 (England and Wales)

ACCOUNTANTS:

Sellens French

Chartered Accountants

93 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

2

29,562

31,848

CURRENT ASSETS

Stocks

8,420

16,100

Debtors

55,203

50,555

Cash at bank and in hand

8,853

15,510

72,476

82,165

CREDITORS

Amounts falling due within one year

80,503

81,723

NET CURRENT (LIABILITIES)/ASSETS

(8,027

)

442

TOTAL ASSETS LESS CURRENT LIABILITIES

21,535

32,290

CREDITORS

Amounts falling due after more than one year

21,524

32,006

NET ASSETS

11

284

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

9

282

SHAREHOLDERS' FUNDS

11

284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2015 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 27 July 2015 and were signed on its behalf by:

Mr D J Hilder - 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

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 30 March 2014

118,610

Additions

7,715

Disposals

(15,704

)

At 29 March 2015

110,621

DEPRECIATION

At 30 March 2014

86,762

Charge for year

7,206

Eliminated on disposal

(12,909

)

At 29 March 2015

81,059

NET BOOK VALUE

At 29 March 2015

29,562

At 29 March 2014

31,848

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.3.15

29.3.14

value:

£

£

2

Ordinary

£1

2

2