Company Registration No. 05374761 (England and Wales)
SPANLITE POLYLITE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 MARCH 2015
SPANLITE POLYLITE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SPANLITE POLYLITE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 MARCH 2015
30 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
958
839
Current assets
Debtors
89,441
71,219
Cash at bank and in hand
14,901
65,192
104,342
136,411
Creditors: amounts falling due within one year
(105,854)
(129,671)
Net current liabilities/(assets)
(1,512)
6,740
Total assets less current liabilities
(554)
7,579
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(556)
7,577
Shareholders' funds
(554)
7,579
For the financial year ended 30 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 March 2016
Mr D N Oliver
Mr A Bowker
Director
Director
Company Registration No. 05374761
SPANLITE POLYLITE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
Fixtures, fittings & equipment
33% straight line
Motor vehicles
25% reducing balance
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
6,912
Additions
1,098
At 30 March 2015
8,010
Depreciation
At 1 April 2014
6,073
Charge for the year
979
At 30 March 2015
7,052
Net book value
At 30 March 2015
958
At 31 March 2014
839
SPANLITE POLYLITE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary shares Class A of £1 each
1
1
1 Ordinary shares Class B of £1 each
1
1
2
2
4
Control
The ultimate controlling party is the board of directors .board of directors.
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