Stoke-on-trent Timber Company Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04487352

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

STOKE-ON-TRENT TIMBER COMPANY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R N Hancock

Mrs K L Hancock

W Campbell

SECRETARY:

Mrs K L Hancock

REGISTERED OFFICE:

Rafferty Business Park

Sneyd Hill

Stoke-on-Trent

Staffordshire

ST6 2EB

REGISTERED NUMBER:

04487352

ACCOUNTANTS:

The Davison Partnership

Reliance House

Moorland Road

Burslem

Stoke on Trent

Staffordshire

ST6 1DP

FIXED ASSETS

Tangible assets

2

76,979

33,493

CURRENT ASSETS

Stocks

79,400

75,600

Debtors

111,616

100,290

Cash at bank

18,472

23,299

209,488

199,189

CREDITORS

Amounts falling due within one year

167,124

152,097

NET CURRENT ASSETS

42,364

47,092

TOTAL ASSETS LESS CURRENT
LIABILITIES

119,343

80,585

PROVISIONS FOR LIABILITIES

4,080

5,162

NET ASSETS

115,263

75,423

CAPITAL AND RESERVES

Called up share capital

3

2

Revaluation reserve

15,718

Profit and loss account

99,543

59,703

SHAREHOLDERS' FUNDS

115,263

75,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 7 June 2016 and were signed on its behalf by:

R N Hancock - Director

Mrs K L Hancock - Director

W Campbell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Two thirds of the cost of land and buildings had been depreciated over the two years ended 31st December,

2007. The remaining cost is depreciated on a straight line basis over ten years.

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2015

101,998

Additions

58,356

At 31 December 2015

160,354

DEPRECIATION

At 1 January 2015

68,505

Charge for year

14,870

At 31 December 2015

83,375

NET BOOK VALUE

At 31 December 2015

76,979

At 31 December 2014

33,493

Two thirds of the cost of land and buildings had been depreciated over the two years ended 31st December,

2007. The remaining cost is depreciated on a straight line basis over ten years.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

20,000

Ordinary £0.0001p

1/100

2