| Stormcliff Limited |
| Registered number: |
03505021 |
| Abbreviated Balance Sheet |
| as at 29 February 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
9,298,368 |
|
|
9,298,368 |
|
| Current assets |
| Debtors |
|
|
4,924,881 |
|
|
2,653,380 |
| Cash at bank and in hand |
|
|
2,658 |
|
|
2,653 |
|
|
|
4,927,539 |
|
|
2,656,033 |
|
| Creditors: amounts falling due within one year |
|
|
(1,553,306) |
|
|
(3,403,217) |
|
| Net current assets/(liabilities) |
|
|
|
3,374,233 |
|
|
(747,184) |
|
| Total assets less current liabilities |
|
|
|
12,672,601 |
|
|
8,551,184 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(9,176,518) |
|
|
(4,982,743) |
|
|
|
| Net assets |
|
|
|
3,496,083 |
|
|
3,568,441 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
4 |
|
|
4 |
| Profit and loss account |
|
|
|
3,496,079 |
|
|
3,568,437 |
|
| Shareholders' funds |
|
|
|
3,496,083 |
|
|
3,568,441 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| N Bitton |
| Director |
| Approved by the board on 14 November 2016 |
|
| Stormcliff Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 29 February 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
over 4 years |
|
Motor vehicles |
25% straight line |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
9,394,410 |
|
At 29 February 2016 |
9,394,410 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2015 |
96,042 |
|
At 29 February 2016 |
96,042 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
9,298,368 |
|
At 28 February 2015 |
9,298,368 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
4 |
|
4 |
|
4 |
|
|
|
|
|
|
|
|
|
