The Staffordshire Tile And Stone Co Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07381020 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

THE STAFFORDSHIRE TILE AND STONE CO

LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G Dollochin

REGISTERED OFFICE:

Unit 2

Baswich Business Park

Tilcon Avenue

Stafford

Staffordshire

ST18 0YL

REGISTERED NUMBER:

07381020 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Chartered Accountants

570-572 Etruria

Road, Basford

Newcastle

Staffordshire

ST5 0SU

FIXED ASSETS

Tangible assets

2

25,490

9,746

CURRENT ASSETS

Stocks

152,319

111,099

Debtors

105,200

52,968

Cash at bank and in hand

69,269

53,599

326,788

217,666

CREDITORS

Amounts falling due within one year

127,230

77,982

NET CURRENT ASSETS

199,558

139,684

TOTAL ASSETS LESS CURRENT LIABILITIES

225,048

149,430

CREDITORS

Amounts falling due after more than one year

(35,175

)

(40,223

)

PROVISIONS FOR LIABILITIES

(4,796

)

(1,572

)

NET ASSETS

185,077

107,635

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

185,076

107,634

SHAREHOLDERS' FUNDS

185,077

107,635

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 7 September 2016 and were signed by:

G Dollochin - 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.

Improvements to property

-

equally over the lease term

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

18,448

Additions

24,142

At 31 December 2015

42,590

DEPRECIATION

At 1 January 2015

8,702

Charge for year

8,398

At 31 December 2015

17,100

NET BOOK VALUE

At 31 December 2015

25,490

At 31 December 2014

9,746

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1