Abbreviated Company Accounts - SYMONDS & CO. (HEREFORD) LIMITED

Abbreviated Company Accounts - SYMONDS & CO. (HEREFORD) LIMITED

SYMONDS & CO. (HEREFORD) LIMITED - Company Information

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Registered Number 00543030

SYMONDS & CO. (HEREFORD) LIMITED

Abbreviated Accounts

31 January 2014

SYMONDS & CO. (HEREFORD) LIMITED Registered Number 00543030

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,059,678 1,063,883
Investments 3 45,000 45,000
1,104,678 1,108,883
Current assets
Stocks 46,028 55,586
Debtors 1,426 1,381
Cash at bank and in hand 570 570
48,024 57,537
Creditors: amounts falling due within one year (400,924) (422,201)
Net current assets (liabilities) (352,900) (364,664)
Total assets less current liabilities 751,778 744,219
Creditors: amounts falling due after more than one year (609,290) (650,285)
Total net assets (liabilities) 142,488 93,934
Capital and reserves
Called up share capital 21,000 21,000
Other reserves 9,716 9,716
Profit and loss account 111,772 63,218
Shareholders' funds 142,488 93,934
  • For the year ending 31 January 2014 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 30 October 2014

And signed on their behalf by:
P J Fowler, Director

SYMONDS & CO. (HEREFORD) LIMITED Registered Number 00543030

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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

Tangible assets depreciation policy
Land and buildings - Not provided
Leasehold Properties - Straight line over the life of the lease
Plant & Machinery - 15% on Reducing Balance
Fixtures, Fittings & Equipment - 15% on Reducing Balance
Motor Vehicles - 25% on Reducing Balance

Valuation information and policy
Fixed assets investments are shown at cost less provision for permanent diminution in value.

Other accounting policies
Stock is valued at the lower of cost or net realisable value.

2Tangible fixed assets
£
Cost
At 1 February 2013 1,115,700
Additions 1,010
Disposals (11,846)
Revaluations -
Transfers -
At 31 January 2014 1,104,864
Depreciation
At 1 February 2013 51,817
Charge for the year 3,257
On disposals (9,888)
At 31 January 2014 45,186
Net book values
At 31 January 2014 1,059,678
At 31 January 2013 1,063,883

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.