The Old Library Residential Home Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04676023 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

THE OLD LIBRARY RESIDENTIAL HOME LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Jackson

REGISTERED OFFICE:

36 High Street

Cleethorpes

N E Lincs

DN35 8JN

REGISTERED NUMBER:

04676023 (England and Wales)

ACCOUNTANTS:

Blow Abbott Limited

36 High Street

Cleethorpes

North East Lincs

DN35 8JN

FIXED ASSETS

Tangible assets

2

1,927

4,495

CURRENT ASSETS

Stocks

475

475

Debtors

38,228

128,467

Prepayments and accrued income

4,069

7,767

Cash at bank and in hand

943

1,368

43,715

138,077

CREDITORS

Amounts falling due within one year

32,842

169,256

NET CURRENT ASSETS/(LIABILITIES)

10,873

(31,179

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,800

(26,684

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

12,799

(26,685

)

SHAREHOLDERS' FUNDS

12,800

(26,684

)

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 12 May 2015 and were signed by:

C Jackson - 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.

Short leasehold

-

20% on cost

Fixtures and fittings

-

10% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

32,510

Additions

510

At 31 December 2014

33,020

DEPRECIATION

At 1 January 2014

28,015

Charge for year

3,078

At 31 December 2014

31,093

NET BOOK VALUE

At 31 December 2014

1,927

At 31 December 2013

4,495

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st December 2014 Mr C W Jackson owed the company £nil (2013: £79,816). There is no

interest charged on the loan.

During the year, dividends totalling £11,917 were paid to the director.