ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

STOCKURGENT LIMITED - Company Information

Print Friendly Version

02189911 2013-09-01 false true 2014-08-312014-08-31 02189911 2013-09-01 2014-08-31 02189911 2014-08-31 02189911 2013-08-31 02189911 c:FixturesFittingsToolsEquipment 2013-09-01 2014-08-31 02189911 d:OrdinaryShareClass1 2014-08-31 02189911 d:OrdinaryShareClass1 2013-08-31 02189911 d:OrdinaryShareClass1 2013-09-01 2014-08-31 02189911 d:Director2 2013-09-01 2014-08-31 02189911 d:EntityAccountantsOrAuditors 2014-08-31 02189911 c:PlantMachinery 2013-09-01 2014-08-31 02189911 d:EntityAccountantsOrAuditors 2013-09-01 2014-08-31 xbrli:shares iso4217:GBP

Registered number: 02189911









STOCKURGENT LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014
 
STOCKURGENT LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STOCKURGENT LIMITED
FOR THE YEAR ENDED 31 AUGUST 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stockurgent Limited for the year ended 31 August 2014 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.


This report is made solely to the Board of directors of Stockurgent Limited, as a body, in accordance with the terms of our engagement letter dated 30 September 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Stockurgent Limited and state those matters that we have agreed to state to the Board of directors of Stockurgent Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stockurgent Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Stockurgent Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that Stockurgent Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Stockurgent Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

2 October 2014
Page 1
 
STOCKURGENT LIMITED
REGISTERED NUMBER: 02189911

ABBREVIATED BALANCE SHEET
AS AT 31 AUGUST 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
130,866
130,998
 
CURRENT ASSETS





 
Debtors
9,087
7,999

 
Cash at bank

12,962
20,243







 
22,049
28,242
 
CREDITORS: amounts falling due within one year
(197,003)
(196,595)
 
NET CURRENT LIABILITIES


(174,954)

(168,353)
 
NET LIABILITIES
 (44,088)

 (37,355)
  
CAPITAL AND RESERVES

 
Called up share capital
3
9,999
9,999
 
Profit and loss account
(54,087)
(47,354)
 
SHAREHOLDERS' DEFICIT
 

 (44,088)

 (37,355)


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 August 2014 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 2 October 2014.




Mr S Phillips
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2
 
STOCKURGENT LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Furnishings
-
15% reducing balance
Equipment
-
25% reducing balance

1.4
Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

Page 3
 
STOCKURGENT LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014

2.TANGIBLE FIXED ASSETS



£


Cost 



At 1 September 2013 and 31 August 2014

142,477



Depreciation


At 1 September 2013
11,479

Charge for the year
132


At 31 August 2014

11,611




Net book value


At 31 August 2014
 130,866


At 31 August 2013

 130,998


3.SHARE CAPITAL

        2014
        2013
        £

        £

Allotted, called up and fully paid



9,999 Ordinary shares shares of £1 each
 9,999
 9,999

Page 4