Simon Mills Agricultural Services Limited - Period Ending 2015-11-30

Registration number: 04606138

Simon Mills Agricultural Services Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 30 November 2015
 

Simon Mills Agricultural Services Limited
(Registration number: 04606138)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			460			541
Current assets
Debtors					2,456			2,888
Cash at bank and in hand					9,352			12,874
					11,808			15,762
Creditors: Amounts falling due within one year					(5,785)			(3,862)
Net current assets					6,023			11,900
Net assets					6,483			12,441
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					6,482			12,440
Shareholders' funds					6,483			12,441

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 14 March 2016

 
 
 
 
 
  Mr S D Mills
  Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Simon Mills Agricultural Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Goodwill was capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 December 2014		2,000			1,835			3,835
At 30 November 2015		2,000			1,835			3,835
Depreciation
At 1 December 2014		2,000			1,294			3,294
Charge for the year		-			81			81
At 30 November 2015		2,000			1,375			3,375
Net book value
At 30 November 2015		-			460			460
At 30 November 2014		-			541			541

Page 2

Simon Mills Agricultural Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 3