Abbreviated Company Accounts - EGLANTINE TIMBER PRODUCTS LIMITED

Abbreviated Company Accounts - EGLANTINE TIMBER PRODUCTS LIMITED

EGLANTINE TIMBER PRODUCTS LIMITED - Company Information

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Registered Number NI015069

EGLANTINE TIMBER PRODUCTS LIMITED

Abbreviated Accounts

31 December 2015

EGLANTINE TIMBER PRODUCTS LIMITED Registered Number NI015069

Abbreviated Balance Sheet as at 31 December 2015

Notes 31/12/2015 30/09/2014
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 1,213,983 1,248,635
Investments 3 - 15,865
1,213,983 1,264,500
Current assets
Stocks 478,690 443,044
Debtors 202,434 167,386
Cash at bank and in hand 4,018 13,671
685,142 624,101
Prepayments and accrued income 8,390 6,177
Creditors: amounts falling due within one year 4 (1,061,082) (1,034,023)
Net current assets (liabilities) (367,550) (403,745)
Total assets less current liabilities 846,433 860,755
Creditors: amounts falling due after more than one year 4 (650,253) (720,171)
Provisions for liabilities 0 0
Accruals and deferred income (9,341) (10,895)
Total net assets (liabilities) 186,839 129,689
Capital and reserves
Called up share capital 5 35,000 35,000
Revaluation reserve 843,349 843,349
Other reserves 70,000 70,000
Profit and loss account (761,510) (818,660)
Shareholders' funds 186,839 129,689
  • 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 2 March 2016

And signed on their behalf by:
Alan Richardson, Director
Norma Richardson, Director

EGLANTINE TIMBER PRODUCTS LIMITED Registered Number NI015069

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets and comply with financial reporting standards of the Accounting Standards Board

Turnover policy
Turnover represents the invoiced amount of goods sold, net of value added tax. Turnover is recognised when the significant risks and rewards of ownership have passed to the buyer, usually on despatch of the goods

Tangible assets depreciation policy
Tangible fixed assets, with the exception of land and buildings, are stated at cost less accumulated depreciation. Cost includes all costs that are directly attributable to bringing the asset into working condition for its intended use

2Tangible fixed assets
£
Cost
At 1 October 2014 2,310,990
Additions 26,355
Disposals -
Revaluations -
Transfers -
At 31 December 2015 2,337,345
Depreciation
At 1 October 2014 1,062,355
Charge for the year 61,007
On disposals -
At 31 December 2015 1,123,362
Net book values
At 31 December 2015 1,213,983
At 30 September 2014 1,248,635

3Fixed assets Investments
Fixed asset investments relate to shares in Ace Hardware International Limited. The company disposed of its investment in the period ended 31.12.2015.

4Creditors
31/12/2015
£		 30/09/2014
£
Secured Debts 668,161 735,442
5Called Up Share Capital
Allotted, called up and fully paid:
31/12/2015
£		 30/09/2014
£
35,000 Ordinary shares of £1 each 35,000 35,000