Stevens & Billington Limited - Period Ending 2015-08-31

Registration number: 01379763

Stevens & Billington Limited
 
  andUnaudited Abbreviated Accounts

 
  for the Year Ended 31 August 2015
 

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

Stevens & Billington Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Stevens & Billington Limited
(Registration number: 01379763)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					8,692			8,181
Current assets
Stocks					10,000			8,000
Debtors					69,509			94,223
Cash at bank and in hand					50			50
					79,559			102,273
Creditors: Amounts falling due within one year					(78,616)			(99,159)
Net current assets					943			3,114
Total assets less current liabilities					9,635			11,295
Creditors: Amounts falling due after more than one year					-			(2,222)
Net assets					9,635			9,073
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					9,535			8,973
Shareholders' funds					9,635			9,073

For the year ending 31 August 2015 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 director acknowledges his 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 director on 25 May 2016

.........................................
Mr JG Billington
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Stevens & Billington Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% reducing balance
Office equipment	33 % Straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Stevens & Billington Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		43,674			43,674
Additions		1,800			1,800
At 31 August 2015		45,474			45,474
Depreciation
At 1 September 2014		35,493			35,493
Charge for the year		1,289			1,289
At 31 August 2015		36,782			36,782
Net book value
At 31 August 2015		8,692			8,692
At 31 August 2014		8,181			8,181

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4

Control

The company is controlled by Stevens & Billington Enterprises Limited. The ultimate controlling party is J.G. Billington.

Page 3