EVANS OF SALTASH LTD - Accounts 2014


Registered number: 05714018






Evans of Saltash Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014
























Prepared By:
Deepblue Accountants Ltd
Chartered Certified Accountants
10 Alvington Street
Plymouth
Devon
PL4 0QL


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31 March 2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 05714018


Registered Number: 05714018

BALANCE SHEET AT 31 MARCH 2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Intangible assets	2		7,500		11,250
Tangible assets	3		1,239		1,652

			8,739		12,902

CURRENT ASSETS
Stock		28,067		31,185
Cash at bank and in hand		272		603
		28,339		31,788
CREDITORS: Amounts falling due within one year		99,777		105,396
NET CURRENT LIABILITIES			(71,438)		(73,608)
TOTAL ASSETS LESS CURRENT LIABILITIES			(62,699)		(60,706)

CAPITAL AND RESERVES

Called up share capital	4		125		125
Profit and loss account			(62,824)		(60,831)
SHAREHOLDERS' FUNDS			(62,699)		(60,706)

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 18 December 2014 and signed on their behalf by




Helen Morton
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Going Concern
These financial statements have been prepared on a going concern basis. The company is dependent on the support of the trade creditors £29,881, other creditors £20,000 and the directors' loan account £18,638 included in creditors due within one year. The going concern basis is therefore believed to be appropriate. The financial statements do not include any adjustments that might result from a withdrawal of funds.




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




1g. Leasing Commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.




4. SHARE CAPITAL	2014	2013
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
25 Class B shares of £1 each	25	25
	125	125




5. TURNOVER

The turnover and pre-tax result is attributable to that of the retail of household and electrical goods.

	2014	2013
	£	£
Sales	131,490	150,291
	131,490	150,291




6. LEASING COMMITMENTS
At 31 March 2014 the company had annual commitments under non-cancellable operating leases as detailed below:


Operating leases which expire:
Within one year		-
Within two to five years		£9,847
After more than five years		-
Total		£9,847