S & K Elite Envelopes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05652952 (England and Wales)

S & K ELITE ENVELOPES LIMITED

ABBREVIATED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G W Snell

P Keerie

D K Hodges

SECRETARY:

D K Hodges

REGISTERED OFFICE:

19/21 Swan Street

West Malling

Kent

ME19 6JU

REGISTERED NUMBER:

05652952 (England and Wales)

ACCOUNTANTS:

Perrys Accountants Limited

Chartered Accountants

The Square

Wrotham

Sevenoaks

Kent

TN15 7AA

FIXED ASSETS

Tangible assets

2

54,548

59,590

CURRENT ASSETS

Debtors

386,422

338,772

Cash at bank

61,307

68,047

447,729

406,819

CREDITORS

Amounts falling due within one year

394,977

352,097

NET CURRENT ASSETS

52,752

54,722

TOTAL ASSETS LESS CURRENT LIABILITIES

107,300

114,312

CREDITORS

Amounts falling due after more than one year

(7,716

)

(17,815

)

PROVISIONS FOR LIABILITIES

(9,581

)

(10,298

)

NET ASSETS

90,003

86,199

CAPITAL AND RESERVES

Called up share capital

3

6

6

Profit and loss account

89,997

86,193

SHAREHOLDERS' FUNDS

90,003

86,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 4 June 2015 and were signed on its behalf by:

D K Hodges - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Straight line over 5 years

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

181,194

Additions

13,272

At 31 March 2015

194,466

DEPRECIATION

At 1 April 2014

121,604

Charge for year

18,314

At 31 March 2015

139,918

NET BOOK VALUE

At 31 March 2015

54,548

At 31 March 2014

59,590

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

6

Ordinary

£1

6

6

4.	CONTROLLING PARTY