Company Registration No. 00998117 (England and Wales)
G.W. SHAW OF RICHMOND, YORKS. (HOLDINGS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
G.W. SHAW OF RICHMOND, YORKS. (HOLDINGS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
G.W. SHAW OF RICHMOND, YORKS. (HOLDINGS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
150,591
174,135
Current assets
Stocks
2,600
2,600
Debtors
1,000
375
Cash at bank and in hand
272,047
160,184
275,647
163,159
Creditors: amounts falling due within one year
(15,193)
(2,067)
Net current assets
260,454
161,092
Total assets less current liabilities
411,045
335,227
Capital and reserves
Called up share capital
3
10,000
10,000
Revaluation reserve
103,304
117,304
Profit and loss account
297,741
207,923
Shareholders' funds
411,045
335,227
For the financial year 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's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 September 2015
Ms E J Shaw
Director
Company Registration No. 00998117
G.W. SHAW OF RICHMOND, YORKS. (HOLDINGS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of value added tax and rents receivable from the company's investments properties, all of which are held for use in operating leases.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15%/ 20%/ 25% reducing balance
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
G.W. SHAW OF RICHMOND, YORKS. (HOLDINGS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2014
195,085
Disposals
(39,085)
At 31 December 2014
156,000
Depreciation
At 1 January 2014
20,950
On disposals
(15,689)
Charge for the year
148
At 31 December 2014
5,409
Net book value
At 31 December 2014
150,591
At 31 December 2013
174,135
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000
4
Related party relationships and transactions
Other transactions
During the year the company sold a van to E J Shaw the director for £9,000 ,its open market value.
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