Abbreviated Company Accounts - SPW TRAFFIC CONTROL LIMITED

SPW TRAFFIC CONTROL LIMITED - Company Information

01554163 SPW TRAFFIC CONTROL LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 01554163 2014-10-01 2015-09-30 01554163 2015-09-30 01554163 2014-09-30 01554163 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 01554163 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:Director3 2014-10-01 2015-09-30 uk-gaap-cd-bus:Director3 2015-09-30 uk-gaap-cd-bus:Director3 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 01554163

SPW TRAFFIC CONTROL LIMITED

Abbreviated Accounts

30 September 2015

SPW TRAFFIC CONTROL LIMITED Registered Number 01554163

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	114,986	135,581
Tangible assets	3	17,699	21,488
		132,685	157,069
Current assets
Stocks		44,055	54,755
Debtors		54,550	70,140
		98,605	124,895
Creditors: amounts falling due within one year	4	(289,117)	(297,329)
Net current assets (liabilities)		(190,512)	(172,434)
Total assets less current liabilities		(57,827)	(15,365)
Provisions for liabilities		(9,814)	(9,814)
Total net assets (liabilities)		(67,641)	(25,179)
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(67,741)	(25,279)
Shareholders' funds		(67,641)	(25,179)

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 June 2016

And signed on their behalf by:
B E Gnyla, Director

SPW TRAFFIC CONTROL LIMITED Registered Number 01554163

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Long-term and ongoing contracts: turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 33% Straight line
Office equipment 33% Straight line
Motor vehicles 20% Reducing balance
Plant and machinery 15% Reducing balance

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.

Other accounting policies
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Expenditure on research and development is written off in the year in which it is incurred.

2Intangible fixed assets

	£
Cost
At 1 October 2014	411,897
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	411,897
Amortisation
At 1 October 2014	276,316
Charge for the year	20,595
On disposals	-
At 30 September 2015	296,911
Net book values
At 30 September 2015	114,986
At 30 September 2014	135,581

3Tangible fixed assets

	£
Cost
At 1 October 2014	56,834
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	56,834
Depreciation
At 1 October 2014	35,346
Charge for the year	3,789
On disposals	-
At 30 September 2015	39,135
Net book values
At 30 September 2015	17,699
At 30 September 2014	21,488

4Creditors

	2015 £	2014 £
Secured Debts	41,769	53,769

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

6Transactions with directors

Name of director receiving advance or credit:	B E Gnyla
Description of the transaction:	Repayment of loan
Balance at 1 October 2014:	£ 53,769
Advances or credits made:	-
Advances or credits repaid:	£ 12,000
Balance at 30 September 2015:	£ 41,769

During the year the company's director was repaid £12000 by the company.
The director has secured the funds introduced since 10 August 2009 by a debenture.