Company Registration No. 1235975 (England and Wales)
A. & J. SPEELMAN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2014
A. & J. SPEELMAN LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A. & J. SPEELMAN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,559,179
1,555,521
Investments
2
1,345,000
1,345,000
2,904,179
2,900,521
Current assets
Stocks
24,117,319
20,215,852
Debtors
521,209
554,219
Cash at bank and in hand
838,440
316,610
25,476,968
21,086,681
Creditors: amounts falling due within one year
3
(6,078,047)
(4,500,636)
Net current assets
19,398,921
16,586,045
Total assets less current liabilities
22,303,100
19,486,566
Creditors: amounts falling due after more than one year
4
(626,191)
(800,000)
21,676,909
18,686,566
Capital and reserves
Called up share capital
5
100
100
Revaluation reserve
759,770
759,770
Profit and loss account
20,917,039
17,926,696
Shareholders' funds
21,676,909
18,686,566
A. & J. SPEELMAN LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2014
30 November 2014
- 2 -
For the financial Period ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 November 2015
Mr J V Speelman
Director
Company Registration No. 1235975
A. & J. SPEELMAN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 NOVEMBER 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
1% straight line
Fixtures, fittings & equipment
20% reducing balance basis
Motor vehicles
25% reducing balance
The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
A. & J. SPEELMAN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2014
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost or valuation
At 6 December 2013
1,914,550
1,345,000
3,259,550
Additions
66,060
-
66,060
Disposals
(15,990)
-
(15,990)
At 30 November 2014
1,964,620
1,345,000
3,309,620
Depreciation
At 6 December 2013
359,029
-
359,029
On disposals
(12,195)
-
(12,195)
Charge for the period
58,607
-
58,607
At 30 November 2014
405,441
-
405,441
Net book value
At 30 November 2014
1,559,179
1,345,000
2,904,179
At 5 December 2013
1,555,521
1,345,000
2,900,521
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £191,017 (2013 - £674,701).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £626,191 (2013 - £800,000).
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100