Accounts filed on 31-12-2014


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31 December 2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		4



The company's registered number is 04169017


Registered Number: 04169017

BALANCE SHEET AT 31 DECEMBER 2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Intangible assets	2		53,125		90,625
Tangible assets	3		1,222,385		956,378

			1,275,510		1,047,003

CURRENT ASSETS
Debtors (amounts falling due within one year)	4	645,417		527,140
Cash at bank and in hand		185,568		72,234
		830,985		599,374
CREDITORS: Amounts falling due within one year		701,266		539,272
NET CURRENT ASSETS			129,719		60,102
TOTAL ASSETS LESS CURRENT LIABILITIES			1,405,229		1,107,105


CREDITORS: Amounts falling due after more than one year	5		619,547		432,573


PROVISIONS FOR LIABILITIES			118,068		68,386

NET ASSETS			667,614		606,146

CAPITAL AND RESERVES

Called up share capital	6		1,000		1,000
Profit and loss account			666,614		605,146
SHAREHOLDERS' FUNDS			667,614		606,146


Registered Number: 04169017

For the year ending 31 December 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 3 July 2015 and signed on their behalf by




R J Lawrence
Director



.............................
J Lawrence
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance reducing balance 15% & 25%
Equipment		reducing balance reducing balance 25%
Motor Cars		reducing balance reducing balance 25%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




1h. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.




4. DEBTORS	2014	2013
	£	£

Amounts falling due within one year:
Trade debtors	602,639	490,918
Other debtors	42,778	36,222
	645,417	527,140




5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2014	2013
	£	£
Other creditors	619,547	432,573
	619,547	432,573


Included in other creditors are:
Obligations under hire purchase	619,547	432,573




6. SHARE CAPITAL	2014	2013
	£	£
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each	1000	1000
	1,000	1,000




7. OPEATING LEASE COMMITMENTS
The company has operating lease commitments of £39,393 which are due to be paid within 1 year for contracts expiring within 1 - 5 years (2013 - £39,393).




8. TRANSACTIONS WITH DIRECTORS
The company was under the control of the directors, R J and J Lawrence throughout the current and previous year.
During the year the company paid dividends of £108,000 to each of the above (2013 - £114,000).
The amounts due to R J and J Lawrence at 31 December 2014 were £79,583 and £16,413 respectively (2013 - £87,362 and £20,792 respectively).