South Staffs Industries Limited - Limited company - abbreviated - 11.6

South Staffs Industries Limited - Limited company - abbreviated - 11.6

SOUTH STAFFS INDUSTRIES LIMITED - Company Information

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REGISTERED NUMBER: 02619655 (England and Wales)














SOUTH STAFFS INDUSTRIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014






SOUTH STAFFS INDUSTRIES LIMITED (REGISTERED NUMBER: 02619655)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SOUTH STAFFS INDUSTRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTOR: C J Hickman



SECRETARY: D J Burrows



REGISTERED OFFICE: Churchfield House
36 Vicar Street
Dudley
West Midlands
DY2 8RG



REGISTERED NUMBER: 02619655 (England and Wales)



SOLICITORS: George Green LLP
195 High Street
Cradley Heath
Warley
West Midlands
B64 5HW
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SOUTH STAFFS INDUSTRIES LIMITED (REGISTERED NUMBER: 02619655)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £   
CURRENT ASSETS
Stocks 23,118 23,118
Debtors 442,684 283,171
Cash at bank 735,423 636,319
1,201,225 942,608
CREDITORS
Amounts falling due within one year 734,398 799,085
NET CURRENT ASSETS 466,827 143,523
TOTAL ASSETS LESS CURRENT
LIABILITIES
466,827
143,523

CAPITAL AND RESERVES
Called up share capital 2 100 100
Profit and loss account 466,727 143,423
SHAREHOLDERS' FUNDS 466,827 143,523

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 director acknowledges his 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 director on 12 December 2014 and were signed by:





C J Hickman - Director


The notes form part of these abbreviated accounts

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SOUTH STAFFS INDUSTRIES LIMITED (REGISTERED NUMBER: 02619655)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

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.

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

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods
different from those in which they are included in the company's accounts. Deferred tax is provided in full on
timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates
that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no
commitment to sell the asset.


2. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

3. ULTIMATE PARENT COMPANY

South Staffs Holding Limited is regarded by the director as being the company's ultimate parent company.

4. ULTIMATE CONTROLLING PARTY

The controlling party is C J Hickman.


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