Abbreviated Company Accounts - SOUTHERN GREEN LIMITED

Abbreviated Company Accounts - SOUTHERN GREEN LIMITED

SOUTHERN GREEN LIMITED - Company Information

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Registered Number 04575519

SOUTHERN GREEN LIMITED

Abbreviated Accounts

31 March 2014

SOUTHERN GREEN LIMITED Registered Number 04575519

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 291,604 301,928
291,604 301,928
Current assets
Stocks 16,268 93,682
Debtors 172,639 215,166
Cash at bank and in hand 287,991 153,912
476,898 462,760
Creditors: amounts falling due within one year (276,422) (146,038)
Net current assets (liabilities) 200,476 316,722
Total assets less current liabilities 492,080 618,650
Creditors: amounts falling due after more than one year (133,851) (146,149)
Provisions for liabilities (6,342) -
Total net assets (liabilities) 351,887 472,501
Capital and reserves
Called up share capital 1,012 1,012
Profit and loss account 350,875 471,489
Shareholders' funds 351,887 472,501
  • 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 4 December 2014

And signed on their behalf by:
Mrs R Southern, Director
Mr S Green, Director

SOUTHERN GREEN LIMITED Registered Number 04575519

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been 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 value of work performed during the year by reference to the total sales value and stage of completion of contracts. Turnover is net of vat and trade discounts.

Tangible assets depreciation policy
Land and buildings Freehold 1% Straight Line
Plant and machinery 20% Straight Line
Motor vehicles 25% Reducing Balance

Other accounting policies
Going Concern
The directors consider it appropriate to prepare the financial statements on the going concern basis.

2Tangible fixed assets
£
Cost
At 1 April 2013 377,298
Additions 4,186
Disposals (33,726)
Revaluations -
Transfers -
At 31 March 2014 347,758
Depreciation
At 1 April 2013 75,370
Charge for the year 14,510
On disposals (33,726)
At 31 March 2014 56,154
Net book values
At 31 March 2014 291,604
At 31 March 2013 301,928