Abbreviated Company Accounts - SHORT & ABBOTT LIMITED

Abbreviated Company Accounts - SHORT & ABBOTT LIMITED

SHORT & ABBOTT LIMITED - Company Information

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Registered Number 04188097

SHORT & ABBOTT LIMITED

Abbreviated Accounts

31 March 2016

SHORT & ABBOTT LIMITED Registered Number 04188097

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 45,485 26,219
45,485 26,219
Current assets
Stocks 122,513 163,565
Debtors 121,524 75,069
Cash at bank and in hand 36,153 37,472
280,190 276,106
Creditors: amounts falling due within one year (265,104) (212,737)
Net current assets (liabilities) 15,086 63,369
Total assets less current liabilities 60,571 89,588
Provisions for liabilities (3,970) (2,520)
Total net assets (liabilities) 56,601 87,068
Capital and reserves
Called up share capital 2 2
Profit and loss account 56,599 87,066
Shareholders' funds 56,601 87,068
  • For the year ending 31 March 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 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 23 December 2016

And signed on their behalf by:
Mr C Short, Director

SHORT & ABBOTT LIMITED Registered Number 04188097

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Plant & Machinery - 15% Reducing Balance
Fixtures & Fittings - 15% Reducing Balance
Motor Vehicles - 25% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 April 2015 79,972
Additions 23,244
Disposals -
Revaluations -
Transfers -
At 31 March 2016 103,216
Depreciation
At 1 April 2015 53,753
Charge for the year 3,978
On disposals -
At 31 March 2016 57,731
Net book values
At 31 March 2016 45,485
At 31 March 2015 26,219