Abbreviated Company Accounts - STEVE PYE & CO LTD

STEVE PYE & CO LTD - Company Information

04600754 STEVE PYE & CO LTD 2013-12-31 false 2013-01-01 2013-12-31 true 04600754 2013-01-01 2013-12-31 04600754 2013-12-31 04600754 2012-12-31 04600754 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 04600754 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-12-31 iso4217:GBP shares

Registered Number 04600754

STEVE PYE & CO LTD

Abbreviated Accounts

31 December 2013

STEVE PYE & CO LTD Registered Number 04600754

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	376,789	377,934
Tangible assets	3	624,496	620,642
		1,001,285	998,576
Current assets
Stocks		104	37,795
Debtors	4	200,811	206,972
Cash at bank and in hand		33,738	95,038
		234,653	339,805
Creditors: amounts falling due within one year		(262,838)	(323,071)
Net current assets (liabilities)		(28,185)	16,734
Total assets less current liabilities		973,100	1,015,310
Creditors: amounts falling due after more than one year		(248,651)	(258,460)
Provisions for liabilities		(2,801)	(3,157)
Total net assets (liabilities)		721,648	753,693
Capital and reserves
Called up share capital	5	11	11
Revaluation reserve		380,000	380,000
Profit and loss account		341,637	373,682
Shareholders' funds		721,648	753,693

For the year ending 31 December 2013 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 22 September 2014

And signed on their behalf by:
Mr S Pye, Director

STEVE PYE & CO LTD Registered Number 04600754

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Leasehold property - nil
Land and building - nil
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance

Intangible assets amortisation policy
Goodwill is written off in equal instalments over its estimated useful economic life of 25 years.

2Intangible fixed assets

	£
Cost
At 1 January 2013	388,635
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	388,635
Amortisation
At 1 January 2013	10,701
Charge for the year	1,145
On disposals	-
At 31 December 2013	11,846
Net book values
At 31 December 2013	376,789
At 31 December 2012	377,934

3Tangible fixed assets

	£
Cost
At 1 January 2013	662,381
Additions	9,347
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	671,728
Depreciation
At 1 January 2013	41,739
Charge for the year	5,493
On disposals	-
At 31 December 2013	47,232
Net book values
At 31 December 2013	624,496
At 31 December 2012	620,642

4Debtors

	2013 £	2012 £
Debtors include the following amounts due after more than one year	200,811	206,972

5Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
10 A Ordinary shares of £1 each	10	10
1 B Ordinary share of £1 each	1	1