STADDON_&_SONS_(NOTTINGHA - Accounts

STADDON & SONS(NOTTINGHAM),LIMITED - Company Information

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Company Registration No. 00720232 (England and Wales)

STADDON & SONS (NOTTINGHAM) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

STADDON & SONS (NOTTINGHAM) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

STADDON & SONS (NOTTINGHAM) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

12,383

14,874

Investments

12,457

14,948

Current assets

Stocks

40,766

38,337

Debtors

13,497

6,596

Cash at bank and in hand

98,021

102,380

152,284

147,313

Creditors: amounts falling due within one year

(42,074)

(55,105)

Net current assets

110,210

92,208

Total assets less current liabilities

122,667

107,156

Provisions for liabilities

(2,190)

(2,920)

120,477

104,236

Capital and reserves

Called up share capital

10,000

Profit and loss account

110,477

94,236

Shareholders' funds

120,477

104,236

STADDON & SONS (NOTTINGHAM) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JANUARY 2016

- 2 -

For the financial year ended 31 January 2016 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 27 June 2016

N A Riley

Director

Company Registration No. 00720232

STADDON & SONS (NOTTINGHAM) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.3

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

Motor vehicles

25% reducing balance

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Investments

Fixed asset investments are stated at cost.

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.

1.7

Pensions

The company contributes to the personal pension plans of the directors and certain employees. Contributions are charged to the profit and loss account in the year they are payable.

STADDON & SONS (NOTTINGHAM) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 February 2015

39,913

39,987

Additions

1,339

At 31 January 2016

41,252

41,326

Depreciation

At 1 February 2015

25,039

Charge for the year

3,830

At 31 January 2016

28,869

Net book value

At 31 January 2016

12,383

12,457

At 31 January 2015

14,874

14,948

Share capital

2016

2015

Allotted, called up and fully paid

10,000 Ordinary shares of £1 each

10,000