Abbreviated Company Accounts - S.P.D. (MIDLANDS) LIMITED

S.P.D. (MIDLANDS) LIMITED - Company Information

03347763 S.P.D. (MIDLANDS) LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 03347763 2013-05-01 2014-04-30 03347763 2014-04-30 03347763 2013-04-30 03347763 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 03347763 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 03347763

S.P.D. (MIDLANDS) LIMITED

Abbreviated Accounts

30 April 2014

S.P.D. (MIDLANDS) LIMITED Registered Number 03347763

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	331,389	332,089
		331,389	332,089
Current assets
Debtors		127,825	127,775
Investments		127,480	127,480
Cash at bank and in hand		714	-
		256,019	255,255
Creditors: amounts falling due within one year	3	(15,336)	(14,000)
Net current assets (liabilities)		240,683	241,255
Total assets less current liabilities		572,072	573,344
Creditors: amounts falling due after more than one year	3	(572,141)	(572,141)
Provisions for liabilities		(792)	(932)
Total net assets (liabilities)		(861)	271
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		(863)	269
Shareholders' funds		(861)	271

For the year ending 30 April 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 28 January 2015

And signed on their behalf by:
Mr Paramjit Singh Samra, Director

S.P.D. (MIDLANDS) LIMITED Registered Number 03347763

Notes to the Abbreviated Accounts for the period ended 30 April 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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment reducing balance 25%
Motor Cars reducing balance 50%

Other accounting policies
Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

Taxation

Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

Turnover
Turnover represents the invoiced value of goods and services supplied by the company.

2Tangible fixed assets

	£
Cost
At 1 May 2013	340,512
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	340,512
Depreciation
At 1 May 2013	8,423
Charge for the year	700
On disposals	-
At 30 April 2014	9,123
Net book values
At 30 April 2014	331,389
At 30 April 2013	332,089

3Creditors

	2014 £	2013 £
Secured Debts	572,141	572,141

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	Mr Parmjit Singh Samra
Description of the transaction:	Related Party Transactions
Balance at 1 May 2013:	£ 137
Advances or credits made:	-
Advances or credits repaid:	£ 124
Balance at 30 April 2014:	£ 13

The director does not have any material interest, direct or indirect, in any contract entered into by the company.

Amount owed to the director, Mr Paramjit Singh Samra, as at Y/E: 30/04/14 is £13 (2013: £137).