Steel Merchants Limited - Abbreviated accounts

Registered number

07481161

Steel Merchants Limited

Abbreviated Accounts

31 December 2013

Steel Merchants Limited
Registered number:		07481161
Abbreviated Balance Sheet
as at 31 December 2013

Notes			2013			2012
£				£
Fixed assets
Intangible assets	2		-			15,000

Current assets
Stocks		6,000			3,254
Debtors		72,641			42,262
Cash at bank and in hand		4,577			33,179
		83,218			78,695

Creditors: amounts falling due within one year		(42,413)			(66,747)

Net current assets			40,805			11,948

Net assets			40,805			26,948

Capital and reserves
Profit and loss account			40,805			26,948

Shareholders' funds			40,805			26,948

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr Graham J Cadd
Director
Approved by the board on 25 September 2014

Steel Merchants Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2013

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Intangible fixed assets	£

	Cost
	At 1 January 2013	45,000
	At 31 December 2013	45,000

	Amortisation
	At 1 January 2013	30,000
	Provided during the year	15,000
	At 31 December 2013	45,000

	Net book value
	At 31 December 2013	-
	At 31 December 2012	15,000