Stampbox Limited - Limited company accounts 11.4

REGISTERED NUMBER: 04845497 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2014

for

Stampbox Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A T Collins

Mrs J A Collins

REGISTERED OFFICE:

Little Redpale Farm

Dallington

Heathfield

East Sussex

TN21 9NR

REGISTERED NUMBER:

04845497 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 31 March 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2013 to the date of this report.

A T Collins

Mrs J A Collins

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

A T Collins - Director

18 September 2014

TURNOVER

391,331

420,794

Cost of sales

297,146

298,012

GROSS PROFIT

94,185

122,782

Administrative expenses

47,093

46,582

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

47,092

76,200

Tax on profit on ordinary activities

3

9,418

15,240

PROFIT FOR THE FINANCIAL YEAR

37,674

60,960

CURRENT ASSETS

Stocks

259,285

230,546

Debtors

7

17,493

15,918

Cash at bank and in hand

111,409

172,549

388,187

419,013

CREDITORS

Amounts falling due within one year

8

126,739

190,239

NET CURRENT ASSETS

261,448

228,774

TOTAL ASSETS LESS CURRENT LIABILITIES

261,448

228,774

CAPITAL AND RESERVES

Called up share capital

9

2

2

Profit and loss account

10

261,446

228,772

SHAREHOLDERS' FUNDS

261,448

228,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 18 September 2014 and were signed on its behalf by:

Mrs J A Collins - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of eight years.

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 etc

-

33% on cost

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.

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.14

31.3.13

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.3.14

31.3.13

£

£

Current tax:

UK corporation tax

9,418

15,240

Tax on profit on ordinary activities

9,418

15,240

4.

DIVIDENDS

31.3.14

31.3.13

£

£

Ordinary shares of £1 each

Final

5,000

59,000

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2013

and 31 March 2014

6,000

AMORTISATION

At 1 April 2013

and 31 March 2014

6,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2013

and 31 March 2014

2,605

DEPRECIATION

At 1 April 2013

and 31 March 2014

2,605

NET BOOK VALUE

At 31 March 2014

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.14

31.3.13

£

£

Trade debtors

2,903

7,455

Other debtors

14,590

8,463

17,493

15,918

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.14

31.3.13

£

£

Taxation and social security

9,418

15,240

Other creditors

117,321

174,999

126,739

190,239

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Profit

and loss

account

£

At 1 April 2013

228,772

Profit for the year

37,674

Dividends

(5,000

)

At 31 March 2014

261,446

11.	RELATED PARTY DISCLOSURES