Company Registration No. 02724294 (England and Wales)
BERWYN SLATE QUARRY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
BERWYN SLATE QUARRY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BERWYN SLATE QUARRY LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
160,284
130,888
Current assets
Stocks
33,250
32,000
Debtors
23,931
28,493
Cash at bank and in hand
93,188
90,730
150,369
151,223
Creditors: amounts falling due within one year
(81,298)
(91,482)
Net current assets
69,071
59,741
Total assets less current liabilities
229,355
190,629
Creditors: amounts falling due after more than one year
(24,931)
(38,438)
Provisions for liabilities
(20,519)
(14,033)
183,905
138,158
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
183,903
138,156
Shareholders' funds
183,905
138,158
BERWYN SLATE QUARRY LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 30 June 2015 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 year 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 8 February 2016
A.M. Bickford
Director
Company Registration No. 02724294
BERWYN SLATE QUARRY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 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 March 2000).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
2 % straight line method
Plant and machinery
20 % reducing balance method
Computer equipment
straight line method over 3 years
Fixtures, fittings & equipment
20 % straight line method
Motor vehicles
25% on the reducing balance method
1.4
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
490,858
Additions
59,347
At 30 June 2015
550,205
Depreciation
At 1 July 2014
359,970
Charge for the year
29,951
At 30 June 2015
389,921
Net book value
At 30 June 2015
160,284
At 30 June 2014
130,888
BERWYN SLATE QUARRY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2