Sheridan's Estate Agents Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06494335 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

SHERIDAN'S ESTATE AGENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N O Sheridan

Mrs B L Sheridan

T R Sheridan

SECRETARY:

N O Sheridan

REGISTERED OFFICE:

First Floor

5 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

REGISTERED NUMBER:

06494335 (England and Wales)

ACCOUNTANTS:

Graham Keeble Partnership LLP

Chartered Accountants

First Floor

5 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

FIXED ASSETS

Intangible assets

2

313,500

-

Tangible assets

3

359,965

-

673,465

-

CURRENT ASSETS

Debtors

55,428

-

Cash at bank and in hand

323,704

100

379,132

100

CREDITORS

Amounts falling due within one year

4

808,614

-

NET CURRENT (LIABILITIES)/ASSETS

(429,482

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

243,983

100

CREDITORS

Amounts falling due after more than one year

4

(164,506

)

-

PROVISIONS FOR LIABILITIES

(2,605

)

-

NET ASSETS

76,872

100

CAPITAL AND RESERVES

Called up share capital

5

2,500

100

Profit and loss account

74,372

-

SHAREHOLDERS' FUNDS

76,872

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 October 2014 and were signed on its behalf by:

N O Sheridan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents sales commissions and lettings fees, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

50 years straight line

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

330,000

At 31 March 2014

330,000

AMORTISATION

Amortisation for year

16,500

At 31 March 2014

16,500

NET BOOK VALUE

At 31 March 2014

313,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

367,980

At 31 March 2014

367,980

DEPRECIATION

Charge for year

8,015

At 31 March 2014

8,015

NET BOOK VALUE

At 31 March 2014

359,965

4.

CREDITORS

Creditors include an amount of £ 33,977 for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

108,810

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

1

1,000

100

1,500

Ordinary A,B, C

1

1,500

-

2,500

100