Abbreviated Company Accounts - STEEL RIVER LIMITED

STEEL RIVER LIMITED - Company Information

03160037 STEEL RIVER LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 03160037 2015-01-01 2015-12-31 03160037 2015-12-31 03160037 2014-12-31 03160037 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 03160037 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 03160037

STEEL RIVER LIMITED

Abbreviated Accounts

31 December 2015

STEEL RIVER LIMITED Registered Number 03160037

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,218,999	1,223,307
		1,218,999	1,223,307
Current assets
Debtors		1,400,813	339,192
Cash at bank and in hand		179,766	1,053,916
		1,580,579	1,393,108
Creditors: amounts falling due within one year		(54,394)	(121,741)
Net current assets (liabilities)		1,526,185	1,271,367
Total assets less current liabilities		2,745,184	2,494,674
Total net assets (liabilities)		2,745,184	2,494,674
Capital and reserves
Called up share capital	3	100,000	100,000
Revaluation reserve		345,661	345,661
Profit and loss account		2,299,523	2,049,013
Shareholders' funds		2,745,184	2,494,674

For the year ending 31 December 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 directors acknowledge their 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 Board on 30 March 2016

And signed on their behalf by:
Mr David Brown, Director

STEEL RIVER LIMITED Registered Number 03160037

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historic cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008).

Compliance with accounting standards
The financial statements are prepared in accordance with the applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost of valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings freehold: 2% straight line per annum
Fixtures, fittings & equipment : 33% straight line per annum
Rally vehicles : No depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 January 2015	1,439,903
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,439,903
Depreciation
At 1 January 2015	216,596
Charge for the year	4,308
On disposals	-
At 31 December 2015	220,904
Net book values
At 31 December 2015	1,218,999
At 31 December 2014	1,223,307

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10,000,000 Ordinary shares of £0.01 each	100,000	100,000