Approved Design Limited - Limited company - abbreviated - 11.6

Approved Design Limited - Limited company - abbreviated - 11.6

GM STEEL WALSALL LIMITED - Company Information

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REGISTERED NUMBER: 03781799 (England and Wales)











APPROVED DESIGN LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 JANUARY 2014 TO 30 NOVEMBER 2014






APPROVED DESIGN LIMITED (REGISTERED NUMBER: 03781799)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 JANUARY 2014 TO 30 NOVEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

APPROVED DESIGN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2014 TO 30 NOVEMBER 2014







DIRECTOR: M Muckian





SECRETARY: P G Muckian





REGISTERED OFFICE: c/o Abachem Engineering Limited
Jessop Way
Newark
Nottinghamshire
NG24 2ER





REGISTERED NUMBER: 03781799 (England and Wales)
Page 1
APPROVED DESIGN LIMITED (REGISTERED NUMBER: 03781799)

ABBREVIATED BALANCE SHEET
30 NOVEMBER 2014

30.11.14 31.12.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 182,771 201,591

CURRENT ASSETS
Stocks 80,649 74,500
Debtors 591,125 397,303
Cash at bank and in hand 441,503 254,051
1,113,277 725,854
CREDITORS
Amounts falling due within one year 253,133 127,314
NET CURRENT ASSETS 860,144 598,540
TOTAL ASSETS LESS CURRENT LIABILITIES 1,042,915 800,131

PROVISIONS FOR LIABILITIES 2,210 2,302
NET ASSETS 1,040,705 797,829

CAPITAL AND RESERVES
Called up share capital 3 6 6
Profit and loss account 1,040,699 797,823
SHAREHOLDERS' FUNDS 1,040,705 797,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 20 August 2015 and were signed by:





M Muckian - Director


The notes form part of these abbreviated accounts

Page 2
APPROVED DESIGN LIMITED (REGISTERED NUMBER: 03781799)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 JANUARY 2014 TO 30 NOVEMBER 2014

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, except in respect of service contracts where
turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 30 November 2014 409,340
DEPRECIATION
At 1 January 2014 207,749
Charge for period 18,820
At 30 November 2014 226,569
NET BOOK VALUE
At 30 November 2014 182,771
At 31 December 2013 201,591

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.14 31.12.13
value: £    £   
4 Ordinary £1 4 4
2 Ordinary 'B' £1 2 2
6 6

Ordinary 'B' shares do not carry voting rights nor any general rights to dividends, however dividends may be payable at the
discretion of the board of directors.

Page 3