Normans & Son Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05506784

Normans & Son Limited

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N Parnell

REGISTERED OFFICE:

32 The Crescent

Spalding

Lincolnshire

PE11 1AF

REGISTERED NUMBER:

05506784

ACCOUNTANTS:

Salway and Wright

22 Church Street

Holbeach

Lincolnshire

PE12 7LL

FIXED ASSETS

Tangible assets

2

14,264

19,574

CURRENT ASSETS

Debtors

15,634

18,730

CREDITORS

Amounts falling due within one year

22,524

32,396

NET CURRENT LIABILITIES

(6,890

)

(13,666

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,374

5,908

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

7,370

5,904

SHAREHOLDERS' FUNDS

7,374

5,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 14 August 2015 and were signed by:

N Parnell - 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 services, 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.

Boats

-

10% on reducing balance

Tractors

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Trailers and equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

71,602

DEPRECIATION

At 1 January 2014

52,028

Charge for year

5,310

At 31 December 2014

57,338

NET BOOK VALUE

At 31 December 2014

14,264

At 31 December 2013

19,574

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

4

4

4.	RELATED PARTY TRANSACTIONS

The business is owned and controlled by Mr N Parnell and Mr C Parnell.