Stygrid Property Developers Limited - Abbreviated accounts 16.3

STYGRID PROPERTY DEVELOPERS LIMITED

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J P G Gridley

Mrs J S Bofkin

SECRETARY:

J P G Gridley

REGISTERED OFFICE:

1 Nelson Street

Southend on Sea

Essex

SS1 1EG

REGISTERED NUMBER:

05291503 (England and Wales)

CURRENT ASSETS

Stocks

1,103,391

293,211

Debtors

199,525

228,627

1,302,916

521,838

CREDITORS

Amounts falling due within one year

1,278,505

506,271

NET CURRENT ASSETS

24,411

15,567

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,411

15,567

CAPITAL AND RESERVES

Called up share capital

3

100

Share premium

22,988

Profit and loss account

1,323

(7,521

)

SHAREHOLDERS' FUNDS

24,411

15,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 December 2016 and were signed on its behalf
by:

J P G Gridley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

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 January 2015).

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 etc

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

1,849

DEPRECIATION

At 1 April 2015

and 31 March 2016

1,849

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100