Spinks Carpentry Limited - Period Ending 2014-04-30

Registration number: 07358598

Spinks Carpentry Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

Pulse
Chartered Accountants
The Counting House
High Street
Tring
Herts
HP23 5TE

Spinks Carpentry Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Spinks Carpentry Limited
(Registration number: 07358598)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					39,426			29,269
Current assets
Debtors					74,721			90,071
Cash at bank and in hand					136,250			75,692
					210,971			165,763
Creditors: Amounts falling due within one year					(121,175)			(74,542)
Net current assets					89,796			91,221
Total assets less current liabilities					129,222			120,490
Creditors: Amounts falling due after more than one year					-			(4,583)
Net assets					129,222			115,907
Capital and reserves
Called up share capital		3			105			105
Profit and loss account					129,117			115,802
Shareholders' funds					129,222			115,907

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 director acknowledges his 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 director on 29 January 2015

M R Spinks Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Spinks Carpentry Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. In respect of long-term contracts and contracts for on-going services,turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Motor vehicles	15% reducing balance
Office equipment	15% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Page 2

Spinks Carpentry Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		34,710			34,710
Additions		17,114			17,114
At 30 April 2014		51,824			51,824
Depreciation
At 1 May 2013		5,441			5,441
Charge for the year		6,957			6,957
At 30 April 2014		12,398			12,398
Net book value
At 30 April 2014		39,426			39,426
At 30 April 2013		29,269			29,269

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary 'A' Shares of £1 each		100			100			100			100
Ordinary 'B' Shares of £1 each		5			5			5			5
		105			105			105			105

Page 3