Slenderbrook Limited - Period Ending 2016-06-30

Registration number: 01555237

Slenderbrook Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Beever and Struthers
Chartered Accountants
St George's House
215-219 Chester Road
Manchester
Lancashire
M15 4JE

Slenderbrook Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Slenderbrook Limited
(Registration number: 01555237)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Current assets
Stocks					3,443,438			3,292,331
Debtors					607,534			139,280
Cash at bank and in hand					44,191			699,098
					4,095,163			4,130,709
Creditors: Amounts falling due within one year					(688,396)			(416,673)
Net assets					3,406,767			3,714,036
Capital and reserves
Called up share capital		2			100			100
Profit and loss account					3,406,667			3,713,936
Shareholders' funds					3,406,767			3,714,036

For the year ending 30 June 2016 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 director acknowledges his 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 director on 11 October 2016

......................................... Mr C E R Greenway Director

The notes on page 2 form an integral part of these financial statements.
  Page 1

Slenderbrook Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover is the total amount receivable by the company for properties sold during the year and for rents due for the year under review, exclusing VAT.

Stock

Property stocks are stated at the lower of cost and net realisable value. Cost represents the original purchase price, plus any additional costs incurred since acquisition to bring the property to its presnt condition. Net realisable value is based on estimated selling price less all costs of disposal. The company has reflected the full cost of the properties and related borrowings in its balance sheet in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts, are capitalised in the balance sheet and are depreciated over their useful lives. The capital elements of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet. The interest elements of the rental obligations are charged in the profit and loss account over the periods of the leases and hire purchase contracts and represents a constant proprotion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
£1 Ordinary shares of £1 each		100			100			100			100

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