The Company of Squirrels Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05052255 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

THE COMPANY OF SQUIRRELS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J S Phipps

R F Carvalho De Oliveira

SECRETARY:

REGISTERED OFFICE:

Bassett House

5 Southwell Park Road

Camberley

Surrey

GU15 3PU

REGISTERED NUMBER:

05052255 (England and Wales)

ACCOUNTANTS:

Butler & Co

Chartered Certified Accountants

Bassett House

5 Southwell Park Road

Camberley

Surrey

GU15 3PU

FIXED ASSETS

Tangible assets

2

521

695

CURRENT ASSETS

Stocks

2,895

2,895

Debtors

1,188

3,689

4,083

6,584

CREDITORS

Amounts falling due within one year

4,450

7,157

NET CURRENT LIABILITIES

(367

)

(573

)

TOTAL ASSETS LESS CURRENT LIABILITIES

154

122

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

152

120

SHAREHOLDERS' FUNDS

154

122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26 September 2014 and were signed on its behalf by:

J S Phipps - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

1,236

DEPRECIATION

At 1 January 2013

541

Charge for year

174

At 31 December 2013

715

NET BOOK VALUE

At 31 December 2013

521

At 31 December 2012

695

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

2

Ordinary

£1

2

2