A.J.Strefford (Scarborough) Limited - Limited company - abbreviated - 11.6

A.J.STREFFORD (SCARBOROUGH) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 19 FEBRUARY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs W R Strefford

Mrs L M Hawcroft

SECRETARY:

Mrs W R Strefford

REGISTERED OFFICE:

Winn & Co

62/63 Westborough

Scarborough

North Yorkshire

YO11 1TS

REGISTERED NUMBER:

02893898 (England and Wales)

ACCOUNTANTS:

Winn & Co

Chartered Accountants

62/63 Westborough

Scarborough

North Yorkshire

YO11 1TS

FIXED ASSETS

Tangible assets

2

127,039

130,702

CURRENT ASSETS

Stocks

37,720

34,419

Debtors

1,200

1,362

Cash at bank and in hand

1,150

2,548

40,070

38,329

CREDITORS

Amounts falling due within one year

19,573

17,498

NET CURRENT ASSETS

20,497

20,831

TOTAL ASSETS LESS CURRENT LIABILITIES

147,536

151,533

CREDITORS

Amounts falling due after more than one year

78,279

89,779

NET ASSETS

69,257

61,754

CAPITAL AND RESERVES

Called up share capital

3

1,400

1,400

Capital redemption reserve

173,128

173,128

Profit and loss account

(105,271

)

(112,774

)

SHAREHOLDERS' FUNDS

69,257

61,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 19 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 19 February 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 11 November 2014 and were signed on its behalf by:

Mrs L M Hawcroft - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and have

remained unchanged from the previous period and also have been consistently applied within the same accounts.

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 net invoiced sales of goods, excluding value added tax.

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

-

2% on cost

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Stocks

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

items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 20 February 2013

196,485

Disposals

(3,432

)

At 19 February 2014

193,053

DEPRECIATION

At 20 February 2013

65,783

Charge for year

3,616

Eliminated on disposal

(3,385

)

At 19 February 2014

66,014

NET BOOK VALUE

At 19 February 2014

127,039

At 19 February 2013

130,702

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,400

Ordinary shares

£1

1,400

1,400