Abbreviated Company Accounts - SALISBURY GAS CENTRE LIMITED

SALISBURY GAS SHOP LIMITED - Company Information

Registered Number 04472572

SALISBURY GAS CENTRE LIMITED

Abbreviated Accounts

31 March 2015

SALISBURY GAS CENTRE LIMITED Registered Number 04472572

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	6,070	7,675
		6,070	7,675
Current assets
Stocks		30,355	30,543
Debtors		22,453	22,069
Cash at bank and in hand		1	516
		52,809	53,128
Creditors: amounts falling due within one year		(50,457)	(50,703)
Net current assets (liabilities)		2,352	2,425
Total assets less current liabilities		8,422	10,100
Creditors: amounts falling due after more than one year		(5,826)	-
Total net assets (liabilities)		2,596	10,100
Capital and reserves
Called up share capital		125	125
Share premium account		9,975	9,975
Profit and loss account		(7,504)	-
Shareholders' funds		2,596	10,100

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2015

And signed on their behalf by:
Carol Cave, Director

SALISBURY GAS CENTRE LIMITED Registered Number 04472572

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Fixtures and fittings - 25% reducing balance.

Other accounting policies
Going concern. The financial statements have been prepared on the going concern basis. The company is dependent upon the directors for their continued support which they have pledged for the foreseeable future.
Stocks. Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2Tangible fixed assets

	£
Cost
At 1 April 2014	24,467
Additions	419
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	24,886
Depreciation
At 1 April 2014	16,792
Charge for the year	2,024
On disposals	-
At 31 March 2015	18,816
Net book values
At 31 March 2015	6,070
At 31 March 2014	7,675