ALLARDS_(STAFFS)_LIMITED - Accounts

ALLARDS (STAFFS) LIMITED - Company Information

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Company Registration No. 04961621 (England and Wales)

ALLARDS (STAFFS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

ALLARDS (STAFFS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ALLARDS (STAFFS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

91,580

98,248

Current assets

Stocks

500

Debtors

40,884

88,697

Cash at bank and in hand

103,242

53,174

144,626

142,371

Creditors: amounts falling due within one year

(24,880)

(26,627)

Net current assets

119,746

115,744

Total assets less current liabilities

211,326

213,992

Provisions for liabilities

(5,847)

(7,019)

205,479

206,973

Capital and reserves

Called up share capital

100

Profit and loss account

205,477

206,873

Shareholders' funds

205,479

206,973

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 27 May 2016

Mr D Hillman

Director

Company Registration No. 04961621

ALLARDS (STAFFS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 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 January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings leasehold

10 and 20 years straight line basis

Plant and machinery

15% straight line basis

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

25% straight line basis

Fixed assets

Tangible assets

Cost

At 1 January 2015

209,081

Additions

9,807

At 31 December 2015

218,888

Depreciation

At 1 January 2015

110,833

Charge for the year

16,475

At 31 December 2015

127,308

Net book value

At 31 December 2015

91,580

At 31 December 2014

98,248

ALLARDS (STAFFS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

SIPP Deal Trustees Limited and Darren Hillman Pension Plan

Mr D Hillman (Director) is a beneficiary of the pension fund and shareholder of Allards (Staffs) Limited.

During the year, the company paid rents to the pension fund totalling £8,000 (2014: £8,000).

There were no amounts outstanding at the balance sheet date (2014: NIL)