Company Registration No. 04434485 (England and Wales)
SPRINGCLEAR LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2015
SPRINGCLEAR LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SPRINGCLEAR LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,928
2,572
Current assets
Stocks
25,000
24,200
Cash at bank and in hand
22,708
17,081
47,708
41,281
Creditors: amounts falling due within one year
(46,631)
(42,891)
Net current assets/(liabilities)
1,077
(1,610)
Total assets less current liabilities
3,005
962
Capital and reserves
Called up share capital
3
9
9
Profit and loss account
2,996
953
Shareholders' funds
3,005
962
For the financial year ended 31 May 2015 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 28 January 2016
Mr R Barker
Mr R J Barker
Director
Director
Company Registration No. 04434485
SPRINGCLEAR LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 2 -
1
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).
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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 Freehold
25% on reducing balance
Plant and machinery
25% on reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2014 & at 31 May 2015
25,000
14,057
39,057
Depreciation
At 1 June 2014
25,000
11,485
36,485
Charge for the year
-
644
644
At 31 May 2015
25,000
12,129
37,129
Net book value
At 31 May 2015
-
1,928
1,928
At 31 May 2014
-
2,572
2,572
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
9 Ordinary of £1 each
9
9
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