Company Registration No. 06028992 (England and Wales)
A G MILLER (TEDDINGTON) LIMITED
Unaudited abbreviated financial statements
For the year ended 31 December 2015
A G MILLER (TEDDINGTON) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A G MILLER (TEDDINGTON) LIMITED
ABBREVIATED BALANCE SHEET
As at 31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
15,000
30,000
Tangible assets
2
7,496
9,115
22,496
39,115
Current assets
Stocks
17,300
17,100
Debtors
56,910
47,630
Cash at bank and in hand
144,476
129,725
218,686
194,455
Creditors: amounts falling due within one year
(63,998)
(70,216)
Net current assets
154,688
124,239
Total assets less current liabilities
177,184
163,354
Capital and reserves
Called up share capital
3
50,000
50,000
Profit and loss account
127,184
113,354
Shareholders' funds
177,184
163,354
For the financial year ended 31 December 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 13 September 2016
S L Phillips
P M Gilbert
Director
Director
Company Registration No. 06028992
A G MILLER (TEDDINGTON) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
For the year ended 31 December 2015
- 2 -
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 January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years (2014 - 20 years) . of 10 years (2014 - 20 years).
1.5
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:
Fixtures, fittings & equipment
25% reducing balance per annum
Motor vehicles
25% reducing balance per annum
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
50,000
69,560
119,560
Additions
-
879
879
At 31 December 2015
50,000
70,439
120,439
Depreciation
At 1 January 2015
20,000
60,445
80,445
Charge for the year
15,000
2,498
17,498
At 31 December 2015
35,000
62,943
97,943
Net book value
At 31 December 2015
15,000
7,496
22,496
At 31 December 2014
30,000
9,115
39,115
A G MILLER (TEDDINGTON) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
For the year ended 31 December 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
50,000 Ordinary shares of £1 each
50,000
50,000