Stable Close Equine Limited - Abbreviated accounts 16.1
Stable Close Equine Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 August 2015 |
| for |
| Stable Close Equine Limited |
| Stable Close Equine Limited (Registered number: 04873450) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 August 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Stable Close Equine Limited |
| Company Information |
| for the Year Ended 31 August 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Stable Close Equine Limited (Registered number: 04873450) |
| Abbreviated Balance Sheet |
| 31 August 2015 |
| 31.8.15 | 31.8.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Stable Close Equine Limited (Registered number: 04873450) |
| Abbreviated Balance Sheet - continued |
| 31 August 2015 |
| The financial statements were approved by the Board of Directors on |
| Stable Close Equine Limited (Registered number: 04873450) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 August 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 April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Goodwill |
| Goodwill represents the amounts paid in connection with the acquisitions of businesses in 2004 and 2006. For |
| each acquisition the goodwill has been written off over its estimated useful life of five years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| 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. |
| Stable Close Equine Limited (Registered number: 04873450) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 August 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| and 31 August 2015 |
| AMORTISATION |
| At 1 September 2014 |
| and 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 August 2015 |
| DEPRECIATION |
| At 1 September 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.15 | 31.8.14 |
| value: | £ | £ |
| Ordinary | £1 |
| Stable Close Equine Limited (Registered number: 04873450) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 August 2015 |
| 5. | RELATED PARTY DISCLOSURES |
| Director |
| During the year, Mrs A M Sergeant, a director of the company, provided a loan to Stable Close Equine Limited |
| worth £3,970 (2014: £4,697). This loan is unsecured, repayable on demand and given interest free. |
| Dividends of £61,125.60 (2014: £51,125.60) were paid to the director in the year under review. |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Director |
| During the year, Mr M Morley, a director of the company, provided a loan to Stable Close Equine Limited worth |
| £9,939 (2014: £7,046). This loan is unsecured, repayable on demand and given interest free. |
| Dividends of £61,125.60 (2014: £51,125.60) were paid to the director in the year under review. |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Amount due to related party at the balance sheet date |