STAMFORD_RESIDENTIAL_LIMI - Accounts

STAMFORD RESIDENTIAL LIMITED - Company Information

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Company Registration No. 05145125 (England and Wales)

STAMFORD RESIDENTIAL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

STAMFORD RESIDENTIAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

STAMFORD RESIDENTIAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

404,641

244,061

Debtors

157,007

Cash at bank and in hand

762

64,716

562,410

308,855

Creditors: amounts falling due within one year

(566,621)

(310,718)

Total assets less current liabilities

(4,211)

(1,863)

Capital and reserves

Called up share capital

Profit and loss account

(4,213)

(1,865)

Shareholders' funds

(4,211)

(1,863)

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 April 2017

Mrs J Hawtree

Director

Company Registration No. 05145125

STAMFORD RESIDENTIAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

The turnover shown in the profit and loss account represents amounts invoiced for work performed during the period, exclusive of Value Added Tax.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

1.4

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.5

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial

liability then this is classed as an equity instrument. Dividends and distributions relating to equity

instruments are debited direct to equity.

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary of £1 each