Seederby Ltd - Limited company - abbreviated

REGISTERED NUMBER: 07984377 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

SEEDERBY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T G Jackson

Mrs E Jackson

SECRETARY:

REGISTERED OFFICE:

c/o Cairns Accountants

102 Snape Hill Lane

Dronfield

S18 2GP

REGISTERED NUMBER:

07984377 (England and Wales)

ACCOUNTANTS:

Cairns Accountants (Abacus 369 Ltd)

102 Snape Hill Lane

Dronfield

Derbyshire

S18 2GP

FIXED ASSETS

Intangible assets

2

72,607

81,683

Tangible assets

3

2,301

2,373

74,908

84,056

CURRENT ASSETS

Stocks

3,340

3,488

Debtors

17,949

13,998

Cash at bank

13,606

10,369

34,895

27,855

CREDITORS

Amounts falling due within one year

27,794

29,169

NET CURRENT ASSETS/(LIABILITIES)

7,101

(1,314

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

82,009

82,742

CREDITORS

Amounts falling due after more than one
year

68,160

82,360

NET ASSETS

13,849

382

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

13,749

282

SHAREHOLDERS' FUNDS

13,849

382

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 11 July 2014 and were signed on its
behalf by:

Mrs E Jackson - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Stocks

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

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all 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

At 1 April 2013

and 31 March 2014

90,759

AMORTISATION

At 1 April 2013

9,076

Amortisation for year

9,076

At 31 March 2014

18,152

NET BOOK VALUE

At 31 March 2014

72,607

At 31 March 2013

81,683

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

2,592

DEPRECIATION

At 1 April 2013

219

Charge for year

72

At 31 March 2014

291

NET BOOK VALUE

At 31 March 2014

2,301

At 31 March 2013

2,373

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

100

Ordinary shares

£1

100

5.	ACQUISITION

On 1st April 2012, the company acquired the business and trade of Alvaston Opticians.

Vendors'
book value £

Fair value £

Tangible fixed assets

2,592

Intangible assets

18,331

Stocks

1,892

Trade debtors

12,809

Other debtors and prepayments

3,168

Cash at bank

22,268

Creditors and provisions

(28,997

)

(28,997

)

Loan balance

(4,491

)

(4,491

)

---------------

27,572

Satisfied by

Cash consideration

100,000

---------------

Goodwill arising on acquisition

72,428

Seederby Ltd - Limited company - abbreviated - 11.6

Seederby Ltd - Limited company - abbreviated - 11.6