Andrew Street Limited - Limited company - abbreviated

REGISTERED NUMBER: 01574570 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Andrew Street Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A D Street

SECRETARY:

D Street

REGISTERED OFFICE:

St Georges Square

Droitwich

Worcestershire

WR9 8LD

REGISTERED NUMBER:

01574570 (England and Wales)

ACCOUNTANTS:

Taylor Hobbs

2 Back Way

Lower Moor

Pershore

WR10 2PG

FIXED ASSETS

Tangible assets

2

1,326

950

CURRENT ASSETS

Stocks

103,163

225,089

Debtors

24,417

70,043

Cash at bank and in hand

19,654

27,249

147,234

322,381

CREDITORS

Amounts falling due within one year

105,353

190,133

NET CURRENT ASSETS

41,881

132,248

TOTAL ASSETS LESS CURRENT
LIABILITIES

43,207

133,198

CREDITORS

Amounts falling due after more than one
year

60,000

90,000

NET (LIABILITIES)/ASSETS

(16,793

)

43,198

CAPITAL AND RESERVES

Called up share capital

3

25,838

Capital redemption reserve

2,648

Profit and loss account

(45,279

)

14,712

SHAREHOLDERS' FUNDS

(16,793

)

43,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 4 June 2015 and were signed by:

A D Street - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The

director has given an undertaking to support the company until it returns to a net assets position. He considers

that it is appropriate to prepare the accounts on the going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover from the sale of goods and provisions of services is recognised in the profit and loss account, net of

discounts, when the significant risks and rewards of ownership have been transferred to the buyer. In general this

occurs when vehicles or parts have been supplied or when the service has been completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

1,187

Additions

708

At 31 December 2014

1,895

DEPRECIATION

At 1 January 2014

237

Charge for year

332

At 31 December 2014

569

NET BOOK VALUE

At 31 December 2014

1,326

At 31 December 2013

950

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

23,254

Ordinary A

1

23,254

2,584

Ordinary B

1

2,584

25,838

4.	ULTIMATE PARENT COMPANY

Berrow Investments Ltd is regarded by the director as being the company's ultimate parent company.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014 and

31 December 2013:

31.12.14

31.12.13

£

A D Street

Balance outstanding at start of year

29,155

-

Amounts advanced

52,824

42,655

Amounts repaid

(93,029

)

(13,500

)

Balance outstanding at end of year

(11,050

)

29,155