Snapecall (South West) Ltd - Limited company - abbreviated - 11.6
Snapecall (South West) Ltd - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 |
FOR |
SNAPECALL (SOUTH WEST) LTD |
SNAPECALL (SOUTH WEST) LTD (REGISTERED NUMBER: 06159105) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Chartered Accountants' Report | 5 |
SNAPECALL (SOUTH WEST) LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
SNAPECALL (SOUTH WEST) LTD (REGISTERED NUMBER: 06159105) |
ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
31.12.14 | 31.12.13 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the Board of Directors on its behalf by: |
SNAPECALL (SOUTH WEST) LTD (REGISTERED NUMBER: 06159105) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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 the value, net of value added tax and discounts, of goods provided to customers |
and work carried out in respect of services provided to customers. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stock is valued at the lower of cost and net realisable value. |
Deferred tax |
Full provision is made for deferred taxation resulting from timing differences between the recognition of |
gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is |
calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when |
the timing differences will reverse. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
Additions |
At 31 December 2014 |
DEPRECIATION |
At 1 January 2014 |
Charge for year |
At 31 December 2014 |
NET BOOK VALUE |
At 31 December 2014 |
At 31 December 2013 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
value: | £ | £ |
Ordinary | 10p |
SNAPECALL (SOUTH WEST) LTD (REGISTERED NUMBER: 06159105) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
4. | RELATED PARTY DISCLOSURES |
Snapecall (South West) Limited, Snape Construction Limited and Snape Contracting Services Limited |
are related companies by virtue of common majority family shareholdings. |
The company buys and sells goods and services from and to Snape Construction Limited. The value |
of such purchases and sales during the year ended 31 December 2014 were £45,560 (2013: £14,904) |
and £1,355,515 (2013: £1,032,721) respectively. |
The amount due from Snape Construction Limited at the year end was £301,821 (2013: £316,957). |
This balance is shown under Trade Debtors. |
The amount due to Snape Construction Limited at the year end was £38,465 (2013: £11,485), shown |
under Trade Creditors. Management charges accrued for in the year were £49,492 (2013: £18,269), |
shown under accrued expenses. |
5. | ULTIMATE CONTROLLING PARTY |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SNAPECALL (SOUTH WEST) LTD |
The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages two to four) have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of Snapecall (South West) Ltd for the year ended 31 December 2014 which comprise |
the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records |
and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Snapecall (South West) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Snapecall (South West) Ltd and state those matters that we have agreed to state to the Board of Directors of Snapecall (South West) Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Snapecall (South West) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Snapecall (South West) Ltd. You consider that Snapecall (South West) Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Snapecall (South |
West) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or |
information and explanations you have given to us and we do not, therefore, express any opinion on the |
statutory financial statements. |
22 September 2015 |