EARLSDON_SHEET_METAL_LIMI - Accounts

EARLSDON SHEET METAL LIMITED - Company Information

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Company Registration No. 01475647 (England and Wales)

EARLSDON SHEET METAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

EARLSDON SHEET METAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

EARLSDON SHEET METAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

93,433

67,329

Current assets

Stocks

25,934

34,071

Debtors

501,578

197,341

Cash at bank and in hand

362,247

373,091

889,759

604,503

Creditors: amounts falling due within one year

(336,178)

(168,452)

Net current assets

553,581

436,051

Total assets less current liabilities

647,014

503,380

Creditors: amounts falling due after more than one year

(24,527)

(14,824)

Provisions for liabilities

(3,351)

(3,488)

619,136

485,068

Capital and reserves

Called up share capital

100

Profit and loss account

619,036

484,968

Shareholders' funds

619,136

485,068

EARLSDON SHEET METAL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2014

- 2 -

For the financial year ended 30 April 2014 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 30 June 2014

Mr Neil Goodall

Director

Company Registration No. 01475647

EARLSDON SHEET METAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

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

Compliance with accounting standards

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

1.3

Turnover

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

1.4

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:

Land and buildings Leasehold

not depreciated

Plant and machinery

15% on reducing balance

Motor vehicles

25% on reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account over the relevant period.

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

1.6

Pensions

The pension costs charged in the financial statements represent contributions payable by the company during the year to a company scheme. The assets of the company scheme are held separately from those of the company in an independently administered fund.

EARLSDON SHEET METAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2013

222,359

Additions

61,605

Disposals

(65,190)

At 30 April 2014

218,774

Depreciation

At 1 May 2013

155,030

On disposals

(47,494)

Charge for the year

17,805

At 30 April 2014

125,341

Net book value

At 30 April 2014

93,433

At 30 April 2013

67,329

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100