Abbreviated Company Accounts - THE STAR WILLERBY LIMITED

THE STAR WILLERBY LIMITED - Company Information

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Registered Number 07836293

THE STAR WILLERBY LIMITED

Abbreviated Accounts

31 December 2014

THE STAR WILLERBY LIMITED Registered Number 07836293

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	58,004	59,904
		58,004	59,904
Current assets
Stocks		12,500	12,099
Debtors		52,371	14,789
Cash at bank and in hand		45,771	54,825
		110,642	81,713
Creditors: amounts falling due within one year		(68,677)	(65,114)
Net current assets (liabilities)		41,965	16,599
Total assets less current liabilities		99,969	76,503
Provisions for liabilities		(6,321)	(6,461)
Total net assets (liabilities)		93,648	70,042
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		93,548	69,942
Shareholders' funds		93,648	70,042

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 8 September 2015

And signed on their behalf by:
H E Waller, Director

THE STAR WILLERBY LIMITED Registered Number 07836293

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of preparation

The full financial statements, from which these abbreviated Accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Leasehold property: over the period of the lease
Equipment, fixtures & fittings: 15% on written down value
Plant & machinery: 15% on written down value

Other accounting policies
Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.

Deferred tax is measured at the rates that are expected to apply in the period when the timing differences are expected to reverse, based on the tax and law enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 January 2014	66,459
Additions	4,877
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	71,336
Depreciation
At 1 January 2014	6,555
Charge for the year	6,777
On disposals	-
At 31 December 2014	13,332
Net book values
At 31 December 2014	58,004
At 31 December 2013	59,904

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	H E Waller
Description of the transaction:	Directors advances and credits
Balance at 1 January 2014:	£ 0
Advances or credits made:	£ 64,987
Advances or credits repaid:	£ 27,900
Balance at 31 December 2014:	£ 37,087