Athena Specialist Roofing Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07267027 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Athena Specialist Roofing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Norton

Mrs H Norton

REGISTERED OFFICE:

99 Westmead Road

Sutton

Surrey

SM1 4HX

REGISTERED NUMBER:

07267027 (England and Wales)

ACCOUNTANTS:

Freshwater Associates Limited

99 Westmead Road

Sutton

Surrey

SM1 4HX

FIXED ASSETS

Tangible assets

2

34,976

43,007

CURRENT ASSETS

Stocks

3,100

5,800

Debtors

166,447

184,471

Cash at bank and in hand

20,369

14,936

189,916

205,207

CREDITORS

Amounts falling due within one year

181,397

203,278

NET CURRENT ASSETS

8,519

1,929

TOTAL ASSETS LESS CURRENT LIABILITIES

43,495

44,936

CREDITORS

Amounts falling due after more than one year

(19,688

)

(26,432

)

PROVISIONS FOR LIABILITIES

(2,539

)

(3,304

)

NET ASSETS

21,268

15,200

CAPITAL AND RESERVES

Called up share capital

3

150

150

Profit and loss account

21,118

15,050

SHAREHOLDERS' FUNDS

21,268

15,200

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 24 February 2016 and were signed on its behalf by:

M Norton - 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 sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are

physically delivered to the customer.

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

58,856

Additions

833

At 31 May 2015

59,689

DEPRECIATION

At 1 June 2014

15,849

Charge for year

8,864

At 31 May 2015

24,713

NET BOOK VALUE

At 31 May 2015

34,976

At 31 May 2014

43,007

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100

50

Ordinary B

1

50

50

150

150

The Ordinary Shares shall be non redeemable but shall hold full rights in respect of Voting, and shall entitle the

holder to full participation in respect of equity and in the event of a winding up.

The Ordinary 'B' Shares shall be non-voting shares and the registered holder thereof shares shall on a winding up

or other payment of capital, be entitled to participate in the assets of the Company, which the Company may

determine to distribute by way of dividends but only when dividends are declared for the Ordinary 'A' Shares.

Different rates of dividends may be declared and dividends may be declared for one class of share and not for the

other classes of shares.