Abbreviated Company Accounts - SMITHERS OF STAMFORD LIMITED

Abbreviated Company Accounts - SMITHERS OF STAMFORD LIMITED

SMITHERS OF STAMFORD LIMITED - Company Information

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Registered Number 09023413

SMITHERS OF STAMFORD LIMITED

Abbreviated Accounts

31 May 2016

SMITHERS OF STAMFORD LIMITED Registered Number 09023413

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 579 1,157
579 1,157
Current assets
Stocks 35,028 9,881
Debtors 3,170 -
Cash at bank and in hand 50 50
38,248 9,931
Net current assets (liabilities) 38,248 9,931
Total assets less current liabilities 38,827 11,088
Creditors: amounts falling due after more than one year (39,625) (17,385)
Total net assets (liabilities) (798) (6,297)
Capital and reserves
Called up share capital 50 50
Profit and loss account (848) (6,347)
Shareholders' funds (798) (6,297)
  • For the year ending 31 May 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 28 February 2017

And signed on their behalf by:
N Smith, Director

SMITHERS OF STAMFORD LIMITED Registered Number 09023413

Notes to the Abbreviated Accounts for the period ended 31 May 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 April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.

Tangible assets depreciation policy
Depreciation is provided in order to write off each asset over its expected useful life

2Tangible fixed assets
£
Cost
At 1 June 2015 1,735
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 1,735
Depreciation
At 1 June 2015 578
Charge for the year 578
On disposals -
At 31 May 2016 1,156
Net book values
At 31 May 2016 579
At 31 May 2015 1,157