Smithbridge Holdings Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00499165 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

SMITHBRIDGE HOLDINGS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

Miss S F Higgins

SECRETARY:

A J Higgins

REGISTERED OFFICE:

Unit 62

Medina Village

Bridge Road

Cowes

Isle of Wight

PO31 7DU

REGISTERED NUMBER:

00499165 (England and Wales)

ACCOUNTANTS:

Bright Brown Limited

Chartered Accountants

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Tangible assets

2

8,063

7,274

CURRENT ASSETS

Stocks

17,663

20,407

Debtors

40,332

26,150

Cash at bank and in hand

32,559

37,955

90,554

84,512

CREDITORS

Amounts falling due within one year

50,888

40,698

NET CURRENT ASSETS

39,666

43,814

TOTAL ASSETS LESS CURRENT LIABILITIES

47,729

51,088

PROVISIONS FOR LIABILITIES

897

1,165

NET ASSETS

46,832

49,923

CAPITAL AND RESERVES

Called up share capital

3

13,000

13,000

Profit and loss account

33,832

36,923

SHAREHOLDERS' FUNDS

46,832

49,923

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 her 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 23 December 2014 and were signed by:

Miss S F Higgins - Director

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 12.5% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

51,155

Additions

2,600

At 31 March 2014

53,755

DEPRECIATION

At 1 April 2013

43,881

Charge for year

1,811

At 31 March 2014

45,692

NET BOOK VALUE

At 31 March 2014

8,063

At 31 March 2013

7,274

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

13,000

Ordinary

1

13,000

13,000