Abbreviated Company Accounts - S.E.T. (SWANSEA) LTD.

S.E.T. (SWANSEA) LTD. - Company Information

02498152 S.E.T. (SWANSEA) LTD. 2014-06-30 false 2013-07-01 2014-06-30 true 02498152 2013-07-01 2014-06-30 02498152 2014-06-30 02498152 2013-06-30 02498152 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 02498152 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-06-30 iso4217:GBP shares

Registered Number 02498152

S.E.T. (SWANSEA) LTD.

Abbreviated Accounts

30 June 2014

S.E.T. (SWANSEA) LTD. Registered Number 02498152

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	442,210	445,089
		442,210	445,089
Current assets
Stocks		48,205	57,993
Debtors	3	603,429	594,162
Cash at bank and in hand		298,057	318,575
		949,691	970,730
Creditors: amounts falling due within one year		(309,221)	(374,766)
Net current assets (liabilities)		640,470	595,964
Total assets less current liabilities		1,082,680	1,041,053
Total net assets (liabilities)		1,082,680	1,041,053
Capital and reserves
Called up share capital	4	1,036	1,036
Profit and loss account		1,081,644	1,040,017
Shareholders' funds		1,082,680	1,041,053

For the year ending 30 June 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 31 October 2014

And signed on their behalf by:
P G Amos, Director

S.E.T. (SWANSEA) LTD. Registered Number 02498152

Notes to the Abbreviated Accounts for the period ended 30 June 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life;

Freehold property - 1% on cost
Improvements to property -10% on cost
Plant and machinery -10% on cost
Motor vehicles -25% on cost

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 July 2013	684,436
Additions	28,400
Disposals	(28,149)
Revaluations	-
Transfers	-
At 30 June 2014	684,687
Depreciation
At 1 July 2013	239,347
Charge for the year	24,076
On disposals	(20,946)
At 30 June 2014	242,477
Net book values
At 30 June 2014	442,210
At 30 June 2013	445,089

3Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	122,839	122,839

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary A shares of £1 each	1,000	1,000
36 B Ordinary shares of £1 each	36	36