Stanburys Limited - Limited company - abbreviated - 11.6

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Stanburys Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R P Stanbury

Mrs A Gentle

SECRETARY:

Mrs A Gentle

REGISTERED OFFICE:

IPEC House

Church Street

Baldock

Hertfordshire

SG7 5AF

REGISTERED NUMBER:

02238809 (England and Wales)

ACCOUNTANTS:

Chancellers LLP

64 Wilbury Way

Hitchin

Hertfordshire

SG4 0TP

FIXED ASSETS

225,103

Intangible assets

2

243,672

119,398

Tangible assets

3

103,374

344,501

347,046

CURRENT ASSETS

177,651

Debtors

169,790

358

Cash at bank and in hand

2,224

178,009

172,014

CREDITORS

157,968

Amounts falling due within one year

4

170,824

20,041

NET CURRENT ASSETS

1,190

364,542

TOTAL ASSETS LESS CURRENT LIABILITIES

348,236

CREDITORS

(121,554

)

Amounts falling due after more than one year

(93,169

)

(4,655

)

PROVISIONS FOR LIABILITIES

(1,311

)

238,333

NET ASSETS

253,756

CAPITAL AND RESERVES

105

Called up share capital

5

105

238,228

Profit and loss account

253,651

238,333

SHAREHOLDERS' FUNDS

253,756

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 15 June 2016 and were signed on its behalf by:

R P Stanbury - Director

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 the value of goods and services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twelve years.

Computer software development

Computer software development has been capitalised at cost. It is being amortised evenly over its estimated useful life of

six years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit

and loss account.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

602,124

Additions

94,708

At 31 December 2015

696,832

AMORTISATION

At 1 January 2015

377,021

Amortisation for year

76,139

At 31 December 2015

453,160

NET BOOK VALUE

At 31 December 2015

243,672

At 31 December 2014

225,103

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

706,340

Additions

14,225

At 31 December 2015

720,565

DEPRECIATION

At 1 January 2015

586,942

Charge for year

30,249

At 31 December 2015

617,191

NET BOOK VALUE

At 31 December 2015

103,374

At 31 December 2014

119,398

4.

CREDITORS

Creditors include an amount of £ 69,836 (31.12.14 - £ 59,946 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

1,050

Ordinary

£0.10

105

105