Company Registration No. 05895217 (England and Wales)
R S BURGESS & SONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
31 DECEMBER 2013
31 December 2013
R S BURGESS & SONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
R S BURGESS & SONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,898
4,040
Current assets
Stocks
300
9,212
Debtors
23,469
1,835
Cash at bank and in hand
6,984
30,753
11,047
Creditors: amounts falling due within one year
(32,668)
(17,478)
Net current liabilities
(1,915)
(6,431)
Total assets less current liabilities
1,983
(2,391)
Provisions for liabilities
(780)
1,203
(2,391)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
1,201
(2,393)
Shareholders' funds
1,203
(2,391)
For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 21 August 2014
Mr D S Burgess
Director
Company Registration No. 05895217
R S BURGESS & SONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 2 -
1
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:
Plant and machinery
10% reducing balance
Motor vehicles
20% reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2013
7,050
Additions
438
At 31 December 2013
7,488
Depreciation
At 1 January 2013
3,010
Charge for the year
580
At 31 December 2013
3,590
Net book value
At 31 December 2013
3,898
At 31 December 2012
4,040
R S BURGESS & SONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
4
Related party relationships and transactions
Other transactions
There is a balance on directors loan account at 31 December 2013 of £12378 (31 December 2012 £4188) which is included in other creditors.
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