Company Registration No. 02598247 (England and Wales)
STRANDHILL DEVELOPMENT COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
STRANDHILL DEVELOPMENT COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
STRANDHILL DEVELOPMENT COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
39,644
35,784
Current assets
Stocks
579,486
338,337
Debtors
407,888
112,642
Cash at bank and in hand
50,497
31,865
1,037,871
482,844
Creditors: amounts falling due within one year
(515,112)
(230,471)
Net current assets
522,759
252,373
Total assets less current liabilities
562,403
288,157
Creditors: amounts falling due after more than one year
(562,001)
(577,004)
402
(288,847)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
302
(288,947)
Shareholders' funds
402
(288,847)
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.
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 22 June 2016
P J Gallagher
Director
Company Registration No. 02598247
STRANDHILL DEVELOPMENT COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
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:
Plant and machinery
25% Reducing Balance
Fixtures, fittings & equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
212,906
Additions
17,076
At 31 December 2015
229,982
Depreciation
At 1 January 2015
177,122
Charge for the year
13,216
At 31 December 2015
190,338
Net book value
At 31 December 2015
39,644
At 31 December 2014
35,784
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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