Elstead Building Company Limited - Abbreviated accounts

Elstead Building Company Limited - Abbreviated accounts


Registered number
08084854
Elstead Building Company Limited
Abbreviated Accounts
31 March 2014
Elstead Building Company Limited
Registered number: 08084854
Abbreviated Balance Sheet
as at 31 March 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 7,606 6,970
Current assets
Stocks 1,000 700
Debtors 28,655 23,304
Cash at bank and in hand 100,423 29,668
130,078 53,672
Creditors: amounts falling due within one year (82,018) (51,738)
Net current assets 48,060 1,934
Net assets 55,666 8,904
Capital and reserves
Called up share capital 3 100 1
Profit and loss account 55,566 8,903
Shareholders' funds 55,666 8,904
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
C P Spicer
Director
Approved by the board on 31 July 2014
Elstead Building Company Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2014
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Office equipment 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets £
Cost
At 1 April 2013 8,160
Additions 3,171
At 31 March 2014 11,331
Depreciation
At 1 April 2013 1,190
Charge for the year 2,535
At 31 March 2014 3,725
Net book value
At 31 March 2014 7,606
At 31 March 2013 6,970
3 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 100 1
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each 99 99
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