ANDERSON_LOWE_LIMITED - Accounts

ANDERSON LOWE LIMITED - Company Information

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Company Registration No. 04260395 (England and Wales)

ANDERSON LOWE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

ANDERSON LOWE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ANDERSON LOWE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

510,755

188,874

Current assets

Stocks

334,925

Debtors

18,984

1,799

Cash at bank and in hand

26,702

64,805

45,686

401,529

Creditors: amounts falling due within one year

(551,862)

(256,930)

Net current (liabilities)/assets

(506,176)

144,599

Total assets less current liabilities

4,579

333,473

Creditors: amounts falling due after more than one year

(476,302)

4,579

(142,829)

Capital and reserves

Called up share capital

Profit and loss account

4,577

(142,831)

Shareholders' funds

4,579

(142,829)

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 September 2014

Mr Robert Anderson

Director

Company Registration No. 04260395

ANDERSON LOWE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable from rents.

1.3

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.4

Stock and work in progress

Work in progress is valued at cost.

Fixed assets

Tangible assets

Cost

At 1 January 2013

188,874

Additions

321,881

At 31 December 2013

510,755

At 31 December 2012

188,874

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2012 - £325,000).

Share capital

2013

2012

Allotted, called up and fully paid

2 Ordinary shares of £1 each

ANDERSON LOWE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

Related party relationships and transactions

Other transactions

Included in other creditors are the balances on the respective Director loan accounts at the year-end being £35,576 (2012: £32,426) to R J Anderson and £22,430 (2012: £15,795) to G Lowe.