Stanley Joseph Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03914730 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Stanley Joseph Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P S Helps

R Egerton

SECRETARY:

R Egerton

REGISTERED OFFICE:

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

REGISTERED NUMBER:

03914730 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

BANKERS:

National Westminster Bank plc

PO Box 205

90 Regent Street

Kingswood

Bristol

BS99 5AE

FIXED ASSETS

Intangible assets

2

4,500

5,250

Tangible assets

3

2,815

2,032

7,315

7,282

CURRENT ASSETS

Stocks

49,712

66,903

Debtors

87,989

99,308

Cash at bank and in hand

13,414

14,462

151,115

180,673

CREDITORS

Amounts falling due within one year

141,883

157,314

NET CURRENT ASSETS

9,232

23,359

TOTAL ASSETS LESS CURRENT LIABILITIES

16,547

30,641

PROVISIONS FOR LIABILITIES

413

107

NET ASSETS

16,134

30,534

CAPITAL AND RESERVES

Called up share capital

4

359

239

Other reserves

32

32

Profit and loss account

15,743

30,263

SHAREHOLDERS' FUNDS

16,134

30,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 21 October 2015 and were signed on its behalf by:

P S Helps - 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 the amounts receivable, excluding VAT and trade discounts, by the company for

goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

15,000

AMORTISATION

At 1 May 2014

9,750

Amortisation for year

750

At 30 April 2015

10,500

NET BOOK VALUE

At 30 April 2015

4,500

At 30 April 2014

5,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

29,315

Additions

2,877

Disposals

(643

)

At 30 April 2015

31,549

DEPRECIATION

At 1 May 2014

27,283

Charge for year

2,094

Eliminated on disposal

(643

)

At 30 April 2015

28,734

NET BOOK VALUE

At 30 April 2015

2,815

At 30 April 2014

2,032

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

119

Ordinary 'A'

1

119

119

120

Ordinary 'B'

1

120

120

120

Ordinary C

£1

120

-

359

239

The following shares were issued during the year for cash at par :

120 Ordinary C shares of £1