Sandal Castle Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02059324 (England and Wales)

Sandal Castle Properties Limited

Abbreviated Accounts

for the Year Ended 31 December 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr D A Young BSC HONS AMICE

REGISTERED OFFICE:

Sandal Business Centre

Asdale Road

Wakefield

West Yorkshire

WF2 7JE

REGISTERED NUMBER:

02059324 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

Yorkshire Bank plc

6-10 Northgate

Wakefield

WF1 1TA

FIXED ASSETS

Tangible assets

2

3,842

2,984

CURRENT ASSETS

Stocks

9,012

Debtors

37,291

31,566

Cash at bank

31,871

52,584

78,174

93,162

CREDITORS

Amounts falling due within one year

6,646

17,226

NET CURRENT ASSETS

71,528

75,936

TOTAL ASSETS LESS CURRENT
LIABILITIES

75,370

78,920

PROVISIONS FOR LIABILITIES

769

597

NET ASSETS

74,601

78,323

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

74,501

78,223

SHAREHOLDERS' FUNDS

74,601

78,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 August 2016 and were signed by:

Mr D A Young BSC HONS AMICE - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profits on a straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

6,979

Additions

1,452

At 31 December 2015

8,431

DEPRECIATION

At 1 January 2015

3,995

Charge for year

594

At 31 December 2015

4,589

NET BOOK VALUE

At 31 December 2015

3,842

At 31 December 2014

2,984

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100