Ian Sutton Limited,Ltd - Accounts

Ian Sutton Limited,Ltd - Accounts

IAN SUTTON LTD - Company Information

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2013-12-30 true false Private Limited Company 08827778 2014-12-31 08827778 2013-12-30 2014-12-31 08827778 uk-bus:Director1 2013-12-30 2014-12-31 08827778 uk-gaap:ToolsEquipment 2013-12-30 2014-12-31 08827778 uk-bus:OrdinaryShareClass1 2013-12-30 2014-12-31 iso4217:GBP
Ian Sutton Limited
For the period ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08827778
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Contents Page
Ian Sutton Limited
For the period ended 31 December 2014
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Ian Sutton Limited
Accountants' Report
For the period ended 31 December 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the period
ended 31 December 2014 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Ian Styles Accountants
140a Longden Coleham
Shrewsbury
SY3 7DN
14 September 2015
Dated:
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Abbreviated Balance Sheet
Ian Sutton Limited
As at 31 December 2014
08827778
Registered Number :
£
2014
Notes
Fixed assets
Tangible assets
2
467
467
Current assets
Debtors
3,308
Cash at bank and in hand
18,596
21,904
Creditors: amounts falling due within one year
(21,249)
655
Net current assets
Total assets less current liabilities
1,122
1,122
Net assets/liabilities
Capital and reserves
Called up share capital
100
3
Profit and loss account
1,022
1,122
Shareholders funds
For the period ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 14 September 2015
I Sutton Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Ian Sutton Limited
For the period ended 31 December 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings
25% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
622
Additions
At 31 December 2014
622
Depreciation
155
Charge for period
155
At 31 December 2014
Net book values
At 31 December 2014
467
3 Share capital
Allotted called up and fully paid
2014
£
1 Ordinary shares of £100.00 each
100
100
1 Ordinary £100.00 share has been issued during the period at par for a cash consideration of £100.
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