Abbreviated Company Accounts - SIGN TEC CLOTHING LIMITED

SIGN TEC CLOTHING LIMITED - Company Information

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Registered Number 04468550

SIGN TEC CLOTHING LIMITED

Abbreviated Accounts

31 December 2013

SIGN TEC CLOTHING LIMITED Registered Number 04468550

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	23,320	20,660
		23,320	20,660
Current assets
Stocks		29,350	25,350
Debtors		13,825	5,656
Cash at bank and in hand		-	3,559
		43,175	34,565
Creditors: amounts falling due within one year		(71,885)	(54,301)
Net current assets (liabilities)		(28,710)	(19,736)
Total assets less current liabilities		(5,390)	924
Creditors: amounts falling due after more than one year		(8,622)	(15,949)
Provisions for liabilities		(3,102)	(3,102)
Total net assets (liabilities)		(17,114)	(18,127)
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		(17,118)	(18,131)
Shareholders' funds		(17,114)	(18,127)

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 30 September 2014

And signed on their behalf by:
Mrs C Rogers, Director
Mr C Rogers, Director

SIGN TEC CLOTHING LIMITED Registered Number 04468550

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
Land and buildings - Straight line over life of lease
Plant and machinery - 25% straight line
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 January 2013	47,980
Additions	9,088
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	57,068
Depreciation
At 1 January 2013	27,320
Charge for the year	6,428
On disposals	-
At 31 December 2013	33,748
Net book values
At 31 December 2013	23,320
At 31 December 2012	20,660

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

	2013 £	2012 £
4 Ordinary shares of £1 each	4	4

4Transactions with directors

Name of director receiving advance or credit:	C Rogers
Description of the transaction:	Interest free loan
Balance at 1 January 2013:	£ 45
Advances or credits made:	£ 4,789
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 4,834