Abbreviated Company Accounts - SHAUN RAMSEY CONSTRUCTION (NORTH EAST) LIMITED

SHAUN RAMSEY CONSTRUCTION (NORTH EAST) LIMITED - Company Information

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Registered Number 06763748

SHAUN RAMSEY CONSTRUCTION (NORTH EAST) LIMITED

Abbreviated Accounts

31 December 2013

SHAUN RAMSEY CONSTRUCTION (NORTH EAST) LIMITED Registered Number 06763748

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	49,416	44,583
		49,416	44,583
Current assets
Debtors		15,106	20,694
Cash at bank and in hand		62,516	23,946
		77,622	44,640
Creditors: amounts falling due within one year		(109,272)	(78,351)
Net current assets (liabilities)		(31,650)	(33,711)
Total assets less current liabilities		17,766	10,872
Provisions for liabilities		(9,316)	(7,961)
Total net assets (liabilities)		8,450	2,911
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		8,449	2,910
Shareholders' funds		8,450	2,911

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2014

And signed on their behalf by:
S Ramsey, Director

SHAUN RAMSEY CONSTRUCTION (NORTH EAST) LIMITED Registered Number 06763748

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 15% reducing balance
Fixtures, fittings
and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

2Tangible fixed assets

	£
Cost
At 1 January 2013	79,113
Additions	17,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	96,113
Depreciation
At 1 January 2013	34,530
Charge for the year	12,167
On disposals	-
At 31 December 2013	46,697
Net book values
At 31 December 2013	49,416
At 31 December 2012	44,583

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	S Ramsey
Description of the transaction:	Interest Free Loan
Balance at 1 January 2013:	-
Advances or credits made:	£ 13,841
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 13,841