Sandal Castle Properties Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02059324 (England and Wales)

Sandal Castle Properties Limited

Abbreviated Accounts

for the Year Ended 31 December 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr D A Young BSC HONS AMICE

REGISTERED OFFICE:

Sandal Business Centre

Asdale Road

Wakefield

West Yorkshire

WF2 7JE

REGISTERED NUMBER:

02059324 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

Yorkshire Bank plc

6-10 Northgate

Wakefield

WF1 1TA

FIXED ASSETS

Tangible assets

2

3,511

2,657

CURRENT ASSETS

Stocks

9,012

6,792

Debtors

35,067

35,594

Cash at bank

44,687

39,074

88,766

81,460

CREDITORS

Amounts falling due within one year

14,791

21,608

NET CURRENT ASSETS

73,975

59,852

TOTAL ASSETS LESS CURRENT LIABILITIES

77,486

62,509

PROVISIONS FOR LIABILITIES

790

531

NET ASSETS

76,696

61,978

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

76,596

61,878

SHAREHOLDERS' FUNDS

76,696

61,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 September 2014 and were signed by:

Mr D A Young BSC HONS AMICE - 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.

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profits on a straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

5,548

Additions

1,431

At 31 December 2013

6,979

DEPRECIATION

At 1 January 2013

2,891

Charge for year

577

At 31 December 2013

3,468

NET BOOK VALUE

At 31 December 2013

3,511

At 31 December 2012

2,657

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100