Simon Beattie Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09150155 (England and Wales)

Abbreviated Accounts for the Period 28 July 2014 to 31 July 2015

for

Simon Beattie Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Beattie

REGISTERED OFFICE:

King George V Lodge

King George V Road

Amersham

Buckinghamshire

HP6 5FB

REGISTERED NUMBER:

09150155 (England and Wales)

ACCOUNTANTS:

Amersham Accountancy

King George V Lodge

King George V Road

Amersham

Buckinghamshire

HP6 5FB

FIXED ASSETS

Intangible assets

2

7,500

CURRENT ASSETS

Stocks

187,710

Debtors

27,866

Cash at bank

39,863

255,439

CREDITORS

Amounts falling due within one year

260,092

NET CURRENT LIABILITIES

(4,653

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,847

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

2,747

SHAREHOLDERS' FUNDS

2,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 April 2016 and were signed by:

S Beattie - 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 January 2015).

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 2014, is being amortised evenly over its estimated useful life of four years.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,000

At 31 July 2015

10,000

AMORTISATION

Amortisation for period

2,500

At 31 July 2015

2,500

NET BOOK VALUE

At 31 July 2015

7,500

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100