SUITABLE_VENTURES_LIMITED - Accounts

SUITABLE VENTURES LIMITED - Company Information

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Company Registration No. 06960433 (England and Wales)

SUITABLE VENTURES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

SUITABLE VENTURES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SUITABLE VENTURES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

741,719

809,913

Current assets

Stocks

52,769

44,607

Debtors

81,398

71,597

Cash at bank and in hand

125,884

115,806

260,051

232,010

Creditors: amounts falling due within one year

(358,501)

(300,536)

Net current liabilities

(98,450)

(68,526)

Total assets less current liabilities

643,269

741,387

Creditors: amounts falling due after more than one year

(1,123,080)

(1,023,764)

(479,811)

(282,377)

Capital and reserves

Called up share capital

Profit and loss account

(479,812)

(282,378)

Shareholders' funds

(479,811)

(282,377)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 October 2015

Mr J C Denby

Director

Company Registration No. 06960433

SUITABLE VENTURES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

These accounts are prepared on a going concern basis that assumes the continuing financial support of J C Denby, a director of the company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

5% straight line

Plant and machinery

20% straight line

Computer equipment

20% straight line

Fixtures, fittings & equipment

10% straight line

Fixed assets

Tangible assets

Cost

At 1 January 2014

1,030,130

Additions

43,947

At 31 December 2014

1,074,077

Depreciation

At 1 January 2014

220,218

Charge for the year

112,140

At 31 December 2014

332,358

Net book value

At 31 December 2014

741,719

At 31 December 2013

809,913

SUITABLE VENTURES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary shares of £1 each

Ultimate parent company

The company is controlled by John Denby.