Smith Baxter Limited - Limited company - abbreviated - 11.0.0

Smith Baxter Limited - Limited company - abbreviated - 11.0.0

SMITH BAXTER LIMITED - Company Information

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REGISTERED NUMBER: 03285016 (England and Wales)















SMITH BAXTER LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014













SMITH BAXTER LIMITED (REGISTERED NUMBER: 03285016)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SMITH BAXTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2014







DIRECTOR: P D Smith





SECRETARY: N A Smith





REGISTERED OFFICE: Langdale House
61 Arragon Road
Twickenham
Middlesex
TW1 3NG





REGISTERED NUMBER: 03285016 (England and Wales)
Page 1
SMITH BAXTER LIMITED (REGISTERED NUMBER: 03285016)

ABBREVIATED BALANCE SHEET
31 JANUARY 2014

2014 2013
Notes £    £   
FIXED ASSETS
Tangible assets 2 1,645 2,979

CURRENT ASSETS
Debtors 3 183,423 203,448
Cash at bank and in hand 54,966 105,672
238,389 309,120
CREDITORS
Amounts falling due within one year 4 (136,067 ) (189,492 )
NET CURRENT ASSETS 102,322 119,628
TOTAL ASSETS LESS CURRENT
LIABILITIES
103,967
122,607

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 103,867 122,507
SHAREHOLDERS' FUNDS 103,967 122,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 21 October 2014 and were signed by:





P D Smith - Director


The notes form part of these abbreviated accounts

Page 2
SMITH BAXTER LIMITED (REGISTERED NUMBER: 03285016)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared on a going concern basis, the use of the going concern basis of accounting
is appropriate because there are no material uncertainties related to events or conditions that may cast
significant doubt about the ability of the company to continue as a going concern.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company
qualifies as a small company.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013
and 31 January 2014 119,053
DEPRECIATION
At 1 February 2013 116,074
Charge for year 1,334
At 31 January 2014 117,408
NET BOOK VALUE
At 31 January 2014 1,645
At 31 January 2013 2,979

Page 3 continued...
SMITH BAXTER LIMITED (REGISTERED NUMBER: 03285016)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2014


3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 62,866

4. CREDITORS

Creditors include an amount of £ 9,384 (2013 - £ 43,858 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £ 1 100 100

Page 4