Abbreviated Company Accounts - STEELES ROAD LIMITED

Abbreviated Company Accounts - STEELES ROAD LIMITED

STEELES ROAD LIMITED - Company Information

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Registered Number 04108626

STEELES ROAD LIMITED

Abbreviated Accounts

30 November 2014

STEELES ROAD LIMITED Registered Number 04108626

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 483 -
483 -
Current assets
Debtors 80 -
Investments 510,120 537,620
Cash at bank and in hand 128,887 105,828
639,087 643,448
Creditors: amounts falling due within one year (32,704) (25,891)
Net current assets (liabilities) 606,383 617,557
Total assets less current liabilities 606,866 617,557
Total net assets (liabilities) 606,866 617,557
Capital and reserves
Called up share capital 2 2
Profit and loss account 606,864 617,555
Shareholders' funds 606,866 617,557
  • For the year ending 30 November 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 19 August 2015

And signed on their behalf by:
Ms A Coombes, Director

STEELES ROAD LIMITED Registered Number 04108626

Notes to the Abbreviated Accounts for the period ended 30 November 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 20% Straight Line
Equipment - 20% Straight Line

2Tangible fixed assets
£
Cost
At 1 December 2013 19,143
Additions 604
Disposals -
Revaluations -
Transfers -
At 30 November 2014 19,747
Depreciation
At 1 December 2013 19,143
Charge for the year 121
On disposals -
At 30 November 2014 19,264
Net book values
At 30 November 2014 483
At 30 November 2013 0