Sale Property Consultants Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07114573 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

SALE PROPERTY CONSULTANTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C P O'Donovan

Mrs J O'Donovan

SECRETARY:

Mrs J O'Donovan

REGISTERED OFFICE:

Lusmore House

14 Craven Terrace

Sale

Cheshire

M33 3GA

REGISTERED NUMBER:

07114573 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LLP

Griffin Court

201 Chapel Street

Greater Manchester

Lancashire

M3 5EQ

FIXED ASSETS

Tangible assets

2

36,209

32,452

CURRENT ASSETS

Debtors

56,919

36,109

Cash at bank

102,190

86,591

159,109

122,700

CREDITORS

Amounts falling due within one year

143,652

92,658

NET CURRENT ASSETS

15,457

30,042

TOTAL ASSETS LESS CURRENT LIABILITIES

51,666

62,494

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

51,566

62,394

SHAREHOLDERS' FUNDS

51,666

62,494

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14th September 2015 and were signed on its behalf by:

C P O'Donovan - 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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

52,961

Additions

16,901

Disposals

(10,000

)

At 31st December 2014

59,862

DEPRECIATION

At 1st January 2014

20,509

Charge for year

9,980

Eliminated on disposal

(6,836

)

At 31st December 2014

23,653

NET BOOK VALUE

At 31st December 2014

36,209

At 31st December 2013

32,452

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is the directors loan account amounting to £89,619 (2013: £43,528)