Spencer Newman Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02993001 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

SPENCER NEWMAN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R A Newman

Mrs S L Wistow

T J Newman

Miss J E Newman

SECRETARY:

Mrs S L Wistow

REGISTERED OFFICE:

20 Mount Grace Road

Potters Bar

Hertfordshire

EN6 1HS

REGISTERED NUMBER:

02993001 (England and Wales)

ACCOUNTANTS:

SRG Newmans Ltd

Chartered Certified Accountants

Five Ways

57/59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Tangible assets

2

1,549,093

1,549,671

CURRENT ASSETS

Debtors

4,558

5,255

Cash at bank

131,428

77,487

135,986

82,742

CREDITORS

Amounts falling due within one year

14,677

11,631

NET CURRENT ASSETS

121,309

71,111

TOTAL ASSETS LESS CURRENT LIABILITIES

1,670,402

1,620,782

CREDITORS

Amounts falling due after more than one year

930,251

920,250

NET ASSETS

740,151

700,532

CAPITAL AND RESERVES

Called up share capital

3

100,100

100,100

Revaluation reserve

380,000

380,000

Profit and loss account

260,051

220,432

SHAREHOLDERS' FUNDS

740,151

700,532

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 22 December 2015 and were signed on its behalf by:

T J Newman - 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 services, 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.

Long leasehold

-

not provided

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Depreciation has not been provided on buildings as the directors do not consider that the value of these assets

have depreciated in value since the date of aquisition.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,576,163

DEPRECIATION

At 1 April 2014

26,492

Charge for year

578

At 31 March 2015

27,070

NET BOOK VALUE

At 31 March 2015

1,549,093

At 31 March 2014

1,549,671

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100,100

Ordinary

£1

100,100

100,100