Staffs Powder Processing Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08543598 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Staffs Powder Processing Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M F Evans

J M Evans

REGISTERED OFFICE:

Unit 14

Walley Street

Burslem

Stoke-on-Trent

Staffordshire

ST6 2AH

REGISTERED NUMBER:

08543598 (England and Wales)

ACCOUNTANTS:

Paterson Brodie

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Tangible assets

2

28,414

5,581

Investments

3

10,024

10,024

38,438

15,605

CURRENT ASSETS

Debtors

36,805

22,523

Cash at bank and in hand

32,312

115,449

69,117

137,972

CREDITORS

Amounts falling due within one year

11,311

69,592

NET CURRENT ASSETS

57,806

68,380

TOTAL ASSETS LESS CURRENT LIABILITIES

96,244

83,985

PROVISIONS FOR LIABILITIES

5,683

1,116

NET ASSETS

90,561

82,869

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

90,461

82,769

SHAREHOLDERS' FUNDS

90,561

82,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 February 2016 and were signed on its behalf by:

M F Evans - 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 goods, 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

7,444

Additions

40,311

Disposals

(8,000

)

At 31 May 2015

39,755

DEPRECIATION

At 1 June 2014

1,863

Charge for year

9,478

At 31 May 2015

11,341

NET BOOK VALUE

At 31 May 2015

28,414

At 31 May 2014

5,581

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2014

and 31 May 2015

10,024

NET BOOK VALUE

At 31 May 2015

10,024

At 31 May 2014

10,024

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary

1

100

100