SMITH_&_QUEEN_LTD - Accounts

SMITH & QUEEN LIMITED - Company Information

Print Friendly Version

Company Registration No. 07944541 (England and Wales)

SMITH & QUEEN LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

SMITH & QUEEN LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SMITH & QUEEN LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

3,453

2,974

Current assets

Debtors

26,969

11,400

Cash at bank and in hand

28,134

35,839

55,103

47,239

Creditors: amounts falling due within one year

(29,214)

(27,378)

Net current assets

25,889

19,861

Total assets less current liabilities

29,342

22,835

Provisions for liabilities

(690)

(595)

28,652

22,240

Capital and reserves

Called up share capital

102

100

Profit and loss account

28,550

22,140

Shareholders' funds

28,652

22,240

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 December 2014

Mr A Queen-Smith

Director

Company Registration No. 07944541

SMITH & QUEEN LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Fixed assets

Tangible assets

Cost

At 1 April 2013

3,455

Additions

1,917

At 31 March 2014

5,372

Depreciation

At 1 April 2013

481

Charge for the year

1,438

At 31 March 2014

1,919

Net book value

At 31 March 2014

3,453

At 31 March 2013

2,974

SMITH & QUEEN LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100

1 Ordinary A of £1 each

1 Ordinary B of £1 each

102

100