C D Stuckey Developments Limited - Period Ending 2016-09-30

Registration number: 04539480

C D Stuckey Developments Limited

Unaudited abbreviated accounts

for the year ended 30 September 2016
 

C D Stuckey Developments Limited
Contents

Abbreviated balance sheet 1 to 2

Notes to the abbreviated accounts 3 to 5

C D Stuckey Developments Limited
(Registration number: 04539480)
Abbreviated balance sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			23,142			1,952
Current assets
Stock					26,504			-
Debtors					20,755			24,116
Cash at bank and in hand					80,303			85,486
					127,562			109,602
Creditors: amounts falling due within one year					(42,545)			(51,535)
Net current assets					85,017			58,067
Total assets less current liabilities					108,159			60,019
Creditors: amounts falling due after more than one year					(400)			(400)
Provisions for liabilities					(4,233)			(181)
Net assets					103,526			59,438
Capital and reserves
Called up share capital		3			400			400
Profit and loss account					103,126			59,038
Shareholders' funds					103,526			59,438

The notes on pages 3 to 5 form an integral part of these abbreviated accounts.
Page 1

C D Stuckey Developments Limited
(Registration number: 04539480)
Abbreviated balance sheet at 30 September 2016
......... continued

For the year ending 30 September 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the board on 15 March 2017 and signed on its behalf by:

.........................................
CD Stuckey
Director

.........................................
PA Barratt
Director

The notes on pages 3 to 5 form an integral part of these abbreviated accounts.
Page 2

C D Stuckey Developments Limited
Notes to the abbreviated accounts for the year ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation rate and method
Plant and machinery	15% reducing balance
Fixtures and fittings	25% reducing balance
Motor vehicles	25% reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

C D Stuckey Developments Limited
Notes to the abbreviated accounts for the year ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		12,918			12,918
Additions		25,973			25,973
At 30 September 2016		38,891			38,891
Depreciation
At 1 October 2015		10,966			10,966
Charge for the year		4,783			4,783
At 30 September 2016		15,749			15,749
Net book value
At 30 September 2016		23,142			23,142
At 30 September 2015		1,952			1,952

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £ 1 each		400			400			400			400
Redeemable A preference shares of £ 1 each		100			100			100			100
Redeemable B preference shares of £ 1 each		100			100			100			100
Redeemable C preference shares of £ 1 each		100			100			100			100
Redeemable D preference shares of £ 1 each		100			100			100			100
		800			800			800			800

Page 4

C D Stuckey Developments Limited
Notes to the abbreviated accounts for the year ended 30 September 2016
......... continued

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
PA Barratt
During the year	1,267	1,014	1,014	3,384

Page 5