Abbreviated Company Accounts - SIGNATURE FRAMING LTD
Abbreviated Company Accounts - SIGNATURE FRAMING LTD
Registered Number 09088152
SIGNATURE FRAMING LTD
Abbreviated Accounts
31 August 2016
SIGNATURE FRAMING LTD Registered Number 09088152
Abbreviated Balance Sheet as at 31 August 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 August 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
And signed on their behalf by:
SIGNATURE FRAMING LTD Registered Number 09088152
Notes to the Abbreviated Accounts for the period ended 31 August 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Reporting Standard for Smaller Entities (effective January 2015).
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exception:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
£ | |
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Cost | |
At 1 September 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 August 2016 |
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Depreciation | |
At 1 September 2015 |
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Charge for the year |
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On disposals |
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At 31 August 2016 |
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Net book values | |
At 31 August 2016 | 6,227 |
At 31 August 2015 | 7,784 |