Abbreviated Company Accounts - S.G. TRANSMISSIONS LIMITED

S.G. TRANSMISSIONS LIMITED - Company Information

08052288 S.G. TRANSMISSIONS LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 08052288 2014-06-01 2015-05-31 08052288 2015-05-31 08052288 2014-05-31 08052288 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 08052288 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 08052288

S.G. TRANSMISSIONS LIMITED

Abbreviated Accounts

31 May 2015

S.G. TRANSMISSIONS LIMITED Registered Number 08052288

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	30,000	30,000
Tangible assets	3	88,914	92,793
		118,914	122,793
Current assets
Stocks		7,000	7,500
Debtors		-	1,134
Cash at bank and in hand		58,412	34,755
		65,412	43,389
Creditors: amounts falling due within one year		(17,842)	(20,208)
Net current assets (liabilities)		47,570	23,181
Total assets less current liabilities		166,484	145,974
Creditors: amounts falling due after more than one year		(80,343)	(91,130)
Total net assets (liabilities)		86,141	54,844
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		86,041	54,744
Shareholders' funds		86,141	54,844

For the year ending 31 May 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 January 2016

And signed on their behalf by:
Mr Shaun Thomas, Director

S.G. TRANSMISSIONS LIMITED Registered Number 08052288

Notes to the Abbreviated Accounts for the period ended 31 May 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 represents the value of services and goods supplied by the company, net of value added tax - all of which arise in United Kingdom.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates to write off each asset over its estimated useful life. Plant and Machinery -15% straight line basis Fixtures, Fittings & Equipment - 15% straight line basis. Motor cars - 25% straight line basis

2Intangible fixed assets

	£
Cost
At 1 June 2014	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	30,000
Amortisation
At 1 June 2014	-
Charge for the year	-
On disposals	-
At 31 May 2015	-
Net book values
At 31 May 2015	30,000
At 31 May 2014	30,000

3Tangible fixed assets

	£
Cost
At 1 June 2014	100,551
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	100,551
Depreciation
At 1 June 2014	7,758
Charge for the year	3,879
On disposals	-
At 31 May 2015	11,637
Net book values
At 31 May 2015	88,914
At 31 May 2014	92,793

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100