South Humberside Suspended Ceilings Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01302497 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

SOUTH HUMBERSIDE SUSPENDED CEILINGS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J T Green

Mr G Sanderson

Mr S Green

Mr M Hughes

REGISTERED OFFICE:

Rendall Street

Grimsby

North East Lincs

DN311SF

REGISTERED NUMBER:

01302497 (England and Wales)

ACCOUNTANTS:

Blow Abbott Limited

36 High Street

Cleethorpes

North East Lincs

DN35 8JN

FIXED ASSETS

Tangible assets

2

183,236

188,781

CURRENT ASSETS

Stocks

821,010

1,033,802

Debtors

589,617

582,304

Cash in hand

82

184

1,410,709

1,616,290

CREDITORS

Amounts falling due within one year

1,128,057

1,074,734

NET CURRENT ASSETS

282,652

541,556

TOTAL ASSETS LESS CURRENT LIABILITIES

465,888

730,337

CREDITORS

Amounts falling due after more than one year

168,000

7,547

NET ASSETS

297,888

722,790

CAPITAL AND RESERVES

Called up share capital

3

880

1,005

Capital redemption reserve

125

-

Profit and loss account

296,883

721,785

SHAREHOLDERS' FUNDS

297,888

722,790

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 directors acknowledge their 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 Board of Directors on 27 September 2016 and were signed on its behalf by:

Mr J T Green - 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 April 2008).

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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow moving items.

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.

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

At 1 January 2015

316,281

Additions

2,878

At 31 December 2015

319,159

DEPRECIATION

At 1 January 2015

127,500

Charge for year

8,423

At 31 December 2015

135,923

NET BOOK VALUE

At 31 December 2015

183,236

At 31 December 2014

188,781

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

as restated

£

£

875

Ordinary

1

875

1,000

5

Ordinary A,B,C,D,E

1

5

5

880

1,005

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st December 2015, Mr J Green owed the company £nil (2014: £108,082).

As at 31st December 2015, the company owed Mr G Sanderson £3,891 (2014: £5,894).

As at 31st December 2015, the company owed Mr M Shepherd £nil (2014: £5,000).

Interest is not payable on the loans.