Shaw Paints Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09573012 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 5 MAY 2015 TO 30 APRIL 2016

FOR

SHAW PAINTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C I Shaw

SECRETARY:

REGISTERED OFFICE:

11 Castle Hill

Maidenhead

Berkshire

SL6 4AA

REGISTERED NUMBER:

09573012 (England and Wales)

ACCOUNTANTS:

Knight & Company

Chartered Certified Accountants

11 Castle Hill

Maidenhead

Berkshire

SL6 4AA

FIXED ASSETS

Tangible assets

2

16,607

CURRENT ASSETS

Stocks

81,539

Debtors

16,052

Cash at bank

22,582

120,173

CREDITORS

Amounts falling due within one year

98,956

NET CURRENT ASSETS

21,217

TOTAL ASSETS LESS CURRENT LIABILITIES

37,824

CREDITORS

Amounts falling due after more than one year

66,666

NET LIABILITIES

(28,842

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(28,942

)

SHAREHOLDERS' FUNDS

(28,842

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2016 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 13 September 2016 and were signed by:

C I Shaw - 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 goods, 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 etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

24,654

At 30 April 2016

24,654

DEPRECIATION

Charge for period

8,047

At 30 April 2016

8,047

NET BOOK VALUE

At 30 April 2016

16,607

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100