Strawbridge & Son Limited - Period Ending 2016-09-30

 
 
 
 
 
 
 
  Strawbridge & Son Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 30 September 2016
 
  Company Registration Number: 06700627

Strawbridge & Son Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Strawbridge & Son Limited
Abbreviated Balance Sheet
30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			189			-
Current assets
Debtors					8,420			2,517
Cash at bank and in hand					1,873			2,053
					10,293			4,570
Creditors: Amounts falling due within one year					(28,442)			(33,797)
Net current liabilities					(18,149)			(29,227)
Net liabilities					(17,960)			(29,227)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(18,060)			(29,327)
Shareholders' deficit					(17,960)			(29,227)

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Strawbridge & Son Limited
Abbreviated Balance Sheet
30 September 2016 ......... continued

For the year ending 30 September 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 30 June 2017 and signed on its behalf by:

Mr J G Strawbridge
Director

Company Registration Number: 06700627

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Strawbridge & Son Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 2016 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis. At the balance sheet date the company has net current liabilities of £17,960 including a director's loan of £21,660. The company is dependent on the support of its director, this support is expected to continue for the foreseeable future.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful life as follws:

Asset class	Depreciation method and rate
Office equiment	Straight line over 3 years and 25% straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		2,921			2,921
Additions		251			251
At 30 September 2016		3,172			3,172
Depreciation
At 1 October 2015		2,921			2,921
Charge for the year		62			62
At 30 September 2016		2,983			2,983
Net book value
At 30 September 2016		189			189
At 30 September 2015		-			-

Page 3

Strawbridge & Son Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 2016 ......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4