Abbreviated Company Accounts - ARTHUR SMITH (GRIMSBY) LIMITED

ARTHUR SMITH (GRIMSBY) LIMITED - Company Information

03112339 ARTHUR SMITH (GRIMSBY) LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 03112339 2014-11-01 2015-10-31 03112339 2015-10-31 03112339 2014-10-31 03112339 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 03112339 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 03112339

ARTHUR SMITH (GRIMSBY) LIMITED

Abbreviated Accounts

31 October 2015

ARTHUR SMITH (GRIMSBY) LIMITED Registered Number 03112339

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	38,185	39,592
Investments	3	10,955	10,955
		49,140	50,547
Current assets
Stocks		30,500	-
Debtors		80,111	66,236
Cash at bank and in hand		68,536	33,326
		179,147	99,562
Creditors: amounts falling due within one year		(154,642)	(80,181)
Net current assets (liabilities)		24,505	19,381
Total assets less current liabilities		73,645	69,928
Creditors: amounts falling due after more than one year		(8,120)	-
Provisions for liabilities		(2,950)	(2,203)
Total net assets (liabilities)		62,575	67,725
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		61,575	66,725
Shareholders' funds		62,575	67,725

For the year ending 31 October 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 29 July 2016

And signed on their behalf by:
Mr D. J. Smith, Director
Mr J. A. Smith, Director

ARTHUR SMITH (GRIMSBY) LIMITED Registered Number 03112339

Notes to the Abbreviated Accounts for the period ended 31 October 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
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixtures and fittings - 25% straight line
Ship - Over 20 years on a straight line basis

Valuation information and policy
Fixed asset investments:
Fixed asset investments are stated at historical cost less provision for any diminution in value.

Other accounting policies
Stock:
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Deferred tax:
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Pensions:
The company makes contributions to the personal pension schemes of the directors, Mr D J Smith and Mr J A Smith. Contributions are recognised in the profit and loss account in the period in which they are paid.

2Tangible fixed assets

	£
Cost
At 1 November 2014	49,745
Additions	998
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	50,743
Depreciation
At 1 November 2014	10,153
Charge for the year	2,405
On disposals	-
At 31 October 2015	12,558
Net book values
At 31 October 2015	38,185
At 31 October 2014	39,592

3Fixed assets Investments
Cost b/f & c/f = £10,955
No depreciation
Net book value b/f & c/f = £10,955

Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Grimsby and Immingham Stevedores Limited - Ordinary shares - 33% held - Stevedores
Cargo Rigging and Dunnaging Limited - Ordinary shares - 33% held - Dormant

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000