Abbreviated Company Accounts - SUTCLIFFE WALLACE LIMITED

SUTCLIFFE WALLACE LIMITED - Company Information

04626367 SUTCLIFFE WALLACE LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04626367 2013-04-01 2014-03-31 04626367 2014-03-31 04626367 2013-03-31 04626367 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04626367 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 04626367

SUTCLIFFE WALLACE LIMITED

Abbreviated Accounts

31 March 2014

SUTCLIFFE WALLACE LIMITED Registered Number 04626367

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	236,789	231,784
Investments	3	115,208	110,787
		351,997	342,571
Current assets
Stocks		3,500	3,500
Cash at bank and in hand		164,215	201,300
		167,715	204,800
Creditors: amounts falling due within one year		(67,094)	(68,928)
Net current assets (liabilities)		100,621	135,872
Total assets less current liabilities		452,618	478,443
Total net assets (liabilities)		452,618	478,443
Capital and reserves
Called up share capital	4	12,895	12,895
Share premium account		435,480	435,480
Profit and loss account		4,243	30,068
Shareholders' funds		452,618	478,443

For the year ending 31 March 2014 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 15 December 2014

And signed on their behalf by:
M D C Sutcliffe, Director

SUTCLIFFE WALLACE LIMITED Registered Number 04626367

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the total value of rental income received during the year.

Other accounting policies
Investments:

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock:

Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2013	231,784
Additions	5,005
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	236,789
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	236,789
At 31 March 2013	231,784

3Fixed assets Investments
Cost:
At 1 April 2013: 110,787
Additions: 9,219
Disposals: (4,798)

At 31 March 2014:

Net Book Values:
At 31 March 2014: 115,208
At 31 March 2013: 110,787

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
12,895 Ordinary shares of £1 each	12,895	12,895