T. Alexander & Co. (Lisburn) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: NI007615 (Northern Ireland)

Abbreviated Accounts

for the Year Ended 31 March 2014

for

T. Alexander & Co. (Lisburn) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr Gary Alexander

Mrs Jennifer Alexander

SECRETARY:

Mr Gary Alexander

REGISTERED OFFICE:

1 Young Street

Lisburn

Co. Antrim

BT27 5EA

REGISTERED NUMBER:

NI007615 (Northern Ireland)

ACCOUNTANTS:

McCleary & Company Ltd

Chartered Accountants

Quaker Buildings

High Street

Lurgan

Craigavon

Co. Armagh

BT66 8BB

BANKERS:

Ulster Bank Limited

18 Bow Street

Lisburn

Co. Antrim

BT28 1BN

SOLICITORS:

W.G. Maginess & Son

68 Bow Street

Lisburn

Co. Antrim

FIXED ASSETS

Tangible assets

2

7,633

8,564

CURRENT ASSETS

Stocks

7,748

7,664

Debtors

116,825

102,612

Cash at bank and in hand

2,155

2,203

126,728

112,479

CREDITORS

Amounts falling due within one year

3

(43,792

)

(43,367

)

NET CURRENT ASSETS

82,936

69,112

TOTAL ASSETS LESS CURRENT LIABILITIES

90,569

77,676

PROVISIONS FOR LIABILITIES

(708

)

(712

)

NET ASSETS

89,861

76,964

CAPITAL AND RESERVES

Called up share capital

4

14,500

14,500

Profit and loss account

75,361

62,464

SHAREHOLDERS' FUNDS

89,861

76,964

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 directors acknowledge their 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 and authorised for issue by the Board of Directors on 31 July 2014 and were signed on its behalf by:

Mrs Jennifer Alexander - 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 the total invoice value, excluding value added tax, of sales made during the year

and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets

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

Land and buildings

-

not provided and Straight line over 25 years

Plant and machinery etc

-

25% 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 provided on the liability method to take account of timing differences between the

treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or

accelerated is accounted for in respect of all material timing differences. Deferred tax assets are

recognised only to the extent that they are regarded as recoverable.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

68,873

DEPRECIATION

At 1 April 2013

60,309

Charge for year

931

At 31 March 2014

61,240

NET BOOK VALUE

At 31 March 2014

7,633

At 31 March 2013

8,564

3.

CREDITORS

Creditors include an amount of £ 24,101 (31.3.13 - £ 21,953 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

14,500

Ordinary

£1

14,500

14,500

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2014 and

31 March 2013:

31.3.14

31.3.13

£

£

Mr Gary Alexander and Mrs Jennifer Alexander

Balance outstanding at start of year

14,574

13,802

Amounts advanced

28,088

32,765

Amounts repaid

(32,412

)

(31,993

)

Balance outstanding at end of year

10,250

14,574