Southern Belting Limited - Abbreviated accounts 16.1

Southern Belting Limited - Abbreviated accounts 16.1

SOUTHERN BELTING LIMITED - Company Information

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REGISTERED NUMBER: 00939044 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

SOUTHERN BELTING LIMITED

SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SOUTHERN BELTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015







DIRECTORS: Mrs. G King
Mr G King
Mr R King





REGISTERED OFFICE: Unit 4, Pennant Park
Fareham Industrial Park
Fareham
Hampshire
PO16 8XU





REGISTERED NUMBER: 00939044 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS
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SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 38,909 47,361

CURRENT ASSETS
Stocks 107,487 133,653
Debtors 119,321 87,048
Cash at bank and in hand 440,093 432,057
666,901 652,758
CREDITORS
Amounts falling due within one year 76,465 70,727
NET CURRENT ASSETS 590,436 582,031
TOTAL ASSETS LESS CURRENT
LIABILITIES
629,345
629,392

PROVISIONS FOR LIABILITIES 6,344 7,643
NET ASSETS 623,001 621,749

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 622,901 621,649
SHAREHOLDERS' FUNDS 623,001 621,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 notes form part of these abbreviated accounts

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SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2015


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 February 2016 and were signed on its behalf
by:





Mrs. G King - Director


The notes form part of these abbreviated accounts

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SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015


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).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant and machinery - 20% on cost and 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

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SOUTHERN BELTING LIMITED (REGISTERED NUMBER: 00939044)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 469,086
Additions 2,915
Disposals (908 )
At 30 September 2015 471,093
DEPRECIATION
At 1 October 2014 421,725
Charge for year 11,367
Eliminated on disposal (908 )
At 30 September 2015 432,184
NET BOOK VALUE
At 30 September 2015 38,909
At 30 September 2014 47,361

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary 1 100 100

4. ULTIMATE CONTROLLING PARTY

By virtue of their collective shareholdings the directors are the controlling party.

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