Smithbridge Holdings Ltd - Limited company - abbreviated - 11.9

Smithbridge Holdings Ltd - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 00499165 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

SMITHBRIDGE HOLDINGS LTD

SMITHBRIDGE HOLDINGS LTD (REGISTERED NUMBER: 00499165)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

SMITHBRIDGE HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTOR: Miss S F Higgins





SECRETARY: A J Higgins





REGISTERED OFFICE: Unit 62
Medina Village
Bridge Road
Cowes
Isle of Wight
PO31 7DU





REGISTERED NUMBER: 00499165 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

SMITHBRIDGE HOLDINGS LTD (REGISTERED NUMBER: 00499165)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 3,406 -
Tangible assets 3 9,905 8,063
13,311 8,063

CURRENT ASSETS
Stocks 18,459 17,663
Debtors 35,404 40,332
Cash at bank and in hand 26,275 32,559
80,138 90,554
CREDITORS
Amounts falling due within one year 44,627 50,888
NET CURRENT ASSETS 35,511 39,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,822

47,729

PROVISIONS FOR LIABILITIES 1,346 897
NET ASSETS 47,476 46,832

CAPITAL AND RESERVES
Called up share capital 4 13,000 13,000
Profit and loss account 34,476 33,832
SHAREHOLDERS' FUNDS 47,476 46,832

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 director acknowledges her 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.

SMITHBRIDGE HOLDINGS LTD (REGISTERED NUMBER: 00499165)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


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 director on 8 December 2015 and were signed by:





Miss S F Higgins - Director


SMITHBRIDGE HOLDINGS LTD (REGISTERED NUMBER: 00499165)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of three 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 etc - 25% on reducing balance and 12.5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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
Additions 5,109
At 31 March 2015 5,109
AMORTISATION
Amortisation for year 1,703
At 31 March 2015 1,703
NET BOOK VALUE

At 31 March 2015 3,406

SMITHBRIDGE HOLDINGS LTD (REGISTERED NUMBER: 00499165)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 53,755
Additions 4,750
Disposals (32,320 )
At 31 March 2015 26,185
DEPRECIATION
At 1 April 2014 45,692
Charge for year 2,537
Eliminated on disposal (31,949 )
At 31 March 2015 16,280
NET BOOK VALUE
At 31 March 2015 9,905
At 31 March 2014 8,063

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
13,000 Ordinary 1 13,000 13,000