Abbreviated Company Accounts - SOUTH DOWNS FUNERAL SERVICE LIMITED

SOUTH DOWNS FUNERAL SERVICE LIMITED - Company Information

Registered Number 07800147

SOUTH DOWNS FUNERAL SERVICE LIMITED

Abbreviated Accounts

31 March 2014

SOUTH DOWNS FUNERAL SERVICE LIMITED Registered Number 07800147

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	99,391	112,649
		99,391	112,649
Current assets
Stocks		1,750	1,252
Debtors		8,282	12,092
Cash at bank and in hand		13,721	12,829
		23,753	26,173
Prepayments and accrued income		2,172	3,622
Creditors: amounts falling due within one year		(15,907)	(8,814)
Net current assets (liabilities)		10,018	20,981
Total assets less current liabilities		109,409	133,630
Creditors: amounts falling due after more than one year		(65,000)	(65,000)
Accruals and deferred income		(2,289)	-
Total net assets (liabilities)		42,120	68,630
Capital and reserves
Called up share capital		100,000	100,000
Profit and loss account		(57,880)	(31,370)
Shareholders' funds		42,120	68,630

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 22 December 2014

And signed on their behalf by:
Paul M Lee-Bapty, Director

SOUTH DOWNS FUNERAL SERVICE LIMITED Registered Number 07800147

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
The turnover shown in the profit and loss account represents revenue recognised by the company in
respect of goods and services supplied during the year, exclusive of trade discounts.

Tangible assets depreciation policy
Depreciation is provided at the following rates which, reflect the estimate of useful asset life:
Furniture & fittings, straight line 10% on cost, I T equipment, straight line 33% on cost, leasehold
improvements, straight line 5% on cost and, vehicles, reducing balance method at 15%.

Valuation information and policy
Stocks have been valued at the lower of cost or realisable value.

Other accounting policies
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The directors have given an undertaking to support the company until it returns to a net assets position. They consider that it is appropriate to prepare the accounts on the going concern basis.

2Tangible fixed assets

	£
Cost
At 1 April 2013	112,649
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	112,649
Depreciation
At 1 April 2013	-
Charge for the year	13,258
On disposals	-
At 31 March 2014	13,258
Net book values
At 31 March 2014	99,391
At 31 March 2013	112,649