YORK_RECLAIMED_SLATE_COMP - Accounts

YORK RECLAIMED SLATE COMPANY LTD - Company Information

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YORK RECLAIMED SLATE COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2015

COMPANY REGISTRATION NO. 06759679 (England and Wales)

YORK RECLAIMED SLATE COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

YORK RECLAIMED SLATE COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,981

3,509

Current assets

Stocks

96,470

57,335

Debtors

135,634

150,164

Cash at bank and in hand

5,703

15,160

237,807

222,659

Creditors: amounts falling due within one year

(75,056)

(81,138)

Net current assets

162,751

141,521

Total assets less current liabilities

165,732

145,030

Provisions for liabilities

(537)

(702)

165,195

144,328

Capital and reserves

Called up share capital

100

Profit and loss account

165,095

144,228

Shareholders' funds

165,195

144,328

For the financial year ended 30 November 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 10 June 2016

Mr G A Neal

Director

Company Registration No. 06759679

YORK RECLAIMED SLATE COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 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 April 2008).

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

15% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 December 2014 & at 30 November 2015

5,371

Depreciation

At 1 December 2014

1,862

Charge for the year

528

At 30 November 2015

2,390

Net book value

At 30 November 2015

2,981

At 30 November 2014

3,509

YORK RECLAIMED SLATE COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100