Abbreviated Company Accounts - SHANDRUM LIMITED

Abbreviated Company Accounts - SHANDRUM LIMITED

SHANDRUM LIMITED - Company Information

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Registered Number 05300038

SHANDRUM LIMITED

Abbreviated Accounts

30 April 2014

SHANDRUM LIMITED Registered Number 05300038

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 266 -
266 -
Current assets
Debtors 43,788 42,819
Cash at bank and in hand 7,041 2,200
50,829 45,019
Creditors: amounts falling due within one year (50,191) (43,819)
Net current assets (liabilities) 638 1,200
Total assets less current liabilities 904 1,200
Total net assets (liabilities) 904 1,200
Capital and reserves
Called up share capital 3 300 300
Profit and loss account 604 900
Shareholders' funds 904 1,200
  • 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 30 January 2015

And signed on their behalf by:
Mr Lynch, Director

SHANDRUM LIMITED Registered Number 05300038

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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

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.

Other accounting policies
Fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - 20% Straight Line

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets
£
Cost
At 1 May 2013 -
Additions 332
Disposals -
Revaluations -
Transfers -
At 30 April 2014 332
Depreciation
At 1 May 2013 -
Charge for the year 66
On disposals -
At 30 April 2014 66
Net book values
At 30 April 2014 266
At 30 April 2013 -
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
300 Ordinary shares of £1 each 300 300