Trade & Supplies Building and Maintenance Limited - Period Ending 2014-12-31

Registration number: 06774956

Trade & Supplies Building and Maintenance Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Trade & Supplies Building and Maintenance Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Trade & Supplies Building and Maintenance Limited
(Registration number: 06774956)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			223			448
Current assets
Stocks					925			1,100
Debtors					7,941			12,373
Cash at bank and in hand					259			295
					9,125			13,768
Creditors: Amounts falling due within one year					(31,235)			(39,067)
Net current liabilities					(22,110)			(25,299)
Net liabilities					(21,887)			(24,851)
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					(21,987)			(24,951)
Shareholders' deficit					(21,887)			(24,851)

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 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 .

Approved by the director on 28 September 2015

.........................................
Mr J Staples
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Trade & Supplies Building and Maintenance Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

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).

Going concern

The financial statements have been prepared on a going concern basis. The director, Mr J Staples, remains fully committed to the company and forecasts that it will be able to meet its day to day working capital requirements to continue trading into the foreseeable future with his continued support. The director, Mr J Staples, also anticipates that the company will be profitable in the next financial year. For these reasons, the going concern basis remains appropriate.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Depreciation

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:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Motor vehicles	25% straight line
Office equipment	25% straight line

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.

Page 2

Trade & Supplies Building and Maintenance Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		5,407			5,407
At 31 December 2014		5,407			5,407
Depreciation
At 1 January 2014		4,959			4,959
Charge for the year		225			225
At 31 December 2014		5,184			5,184
Net book value
At 31 December 2014		223			223
At 31 December 2013		448			448

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		-			2,849

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3